Read the article the Big XII is safe till 2025. The GOR will hold in Court.
Texas and Oklahoma basically have decided they won't commit long term. The SEC, ACC, Big Ten, Pac-12 all want in one way want one or both of Oklahoma and Texas.
Expansion is dead until those schools decide what they want. Kansas likely will get a raft to one of the other 4. Oklahoma State wants Oklahoma to save them. Texas Tech wants to Texas to save them. Kansas State, Iowa State, Baylor, TCU, West Virginia are all screwed and have to do whatever it takes to keep OU and UT happy.