B1G invites Maryland and Rutgers to the B1G. They accept. With Rutgers out of the Big East and the ACC going to an odd number, the ACC will most likely pick up UCONN or Louisville as a 14th member. With numbers dwindling and the new playoff system grouping the Big East into the rest of the Group of Five (CUSA, MWC, Sun Belt, MAC), BYU, Boise State and San Diego State have all reportedly talked with the MWC with returning to the conference. If this were to happen (very little chance), the Big West would go back down to 10 teams without BSU and SDSU, which from what i've gathered from reactions on twitter, would be fine with the conference. How this will affect the FS television deal, I'm not sure, but being that SDSU would have 14 games on their own, this means that the deal would probably not change too much.
Once again, THIS IS ALL SPECULATION. Most likely nothing will change. So this is probably all panic for nothing.
Update: Sterk's press conference reassures his radio interview this morning, they're still planning to go Big East/West.
Keep reading here for continuous updates on Big West news.
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