If once the data is fully distributed and everyone has vetted the candidates-schools still vote against-that would be signaling trouble. That would mean some do not have the best interests of the conference in mind.
None of these issues are "short term". The BIG 12 is going to begin falling behind the Big Ten and to a lesser degree the SEC. After the contracts though in 2025? The commisioner says if nothing is done the conference could be $20 million behind. That isn't survivable so doing nothing is not an option.
Also, the conference needs to eliminate its disadvantages in making the playoff--it can't miss out on multiple years because of a lack of a CCG.
Everyone is behind the Big Ten, even the SEC and the rest of us are behind the SEC. That is not going to change no matter what is done. The rest of the conferences need to come to that realization before making future plans. The SEC has the only hope of drawing even with the Big Ten if they complete their expansion to 16 with 2 top shelf university and there are few of them that fit the bill for the SEC. Undoubtedly, UVA and UNC but they also fit the bill for the Big Ten; I suggest a race is underway to see who can cross those finish lines first between the Big Ten and the SEC.
If the Big Ten wins that race, not even the vaunted SEC can equal the Big Ten, now or in the future. If the SEC can snag them first then they can hold parity with the Big Ten no matter who else the Big Ten might land on as numbers 15 and 16.
The ACC, Pac-12 and Big-12 are all second tier to the Big Two and is going to remain that way regardless of what is done.
But...
This is the question, how rich does a conference need to be to be considered a success. The Big-12 at present is the third best paid with the Pac-12 behind us and the ACC bringing up a distant rear. Do we need more money than we have right now? WVU is bring in 30 million and the Big ten is going to bring in ~45 million. When you get to this level of richness does 15 million really matter?
I know the easy rebuff is to scoff at the question but think about it, what would a university like WVU do with that money, the WVU AD already transfers money back into the university, more coming in is more to move to the university proper.
I am not even sure the Big12 needs a network, if WVU sitting on an island can be the second highest paid for its Tier 3 rights as a new comer to a conference then the rest are just not good at their jobs. Shame on them for being lazy. If everyone ins the Big-12 was pulling in 5+ million per year, that would equal what the SEC brings in with a network. As it is, the remainder averages ~3 million which is better than what the Pac-12 members are getting on average.
Of course the ACC members get zilch, sucks to be them, but a conference gets the leadership it deserves.