First off, I do think that the PAC will take on the Oklahoma/Texas teams. In the end of all this shifting a playoff of 16 teams will take place. Here's my best guess at how the teams will all shake out in the end. My apology ahead of time to the teams that don't make a conference.

ACC
Wake Forest
Maryland
NC State
North Carolina
Boston College
Pitt (formally in Big East)
Syracuse (Formally in Big East)

Florida State
Duke
Georgia Tech
VaTech
Virginia
Miami Fla.
Clemson

Big 12 East/West (combined Big East/Big 12)

East
South Florida
West Virginia
Cincy
Connecticut
Navy (formally independent)
Temple (formally in MAC)

West
Iowa St.
Baylor
Kansas
Kansas St.
TCU
Louisville (formally in Big East)

Big Ten

Michigan
Michigan St.
Nebraska
Iowa
Northwestern
Minnesota
N.D (formally a independent)

Illinois
Wisconsin
Ohio St.
Penn St.
Purdue
Indiana
Rutgers (formally in Big East)

Conference USA
East
Marshall
S. Miss
UCF
Memphis
E. Carolina
UAB
FIU (formally Sun Belt)
FAU ( formally Sun Belt)

West
SMU
Tulsa
Tulane
Houston
UTEP
Rice
Troy (formally Sun Belt)
N. Texas (formally Sun Belt)

West Coast Conference (MWC and WAC combine)
Colorado St.
SDSU
Wyoming
BSU
Air Force
BYU (formally Independent)

Nevada
Utah St.
Fresno St.
Hawaii
Idaho
Louisaiana Tech
NMS
SJSU

MAC Conference
Ohio
BGSU
Buffalo
Akron
Kent St.
Miami, OH
W. Kentucky (formally of Sun Belt)

Ball St.
W. Michigan
E. Michigan
C. Michigan
N. Illinois
Toledo

PAC 16
North
California
Stanford
Oregon
Oregon St.
Washington
Washington St.
Arizona
Arizona St.

South
USC
Utah
Colorado
UCLA
Texas (formally in Big 12)
Tex Tech (formally in Big !2)
Oklahoma (formally in Big 12)
Ok. St. (formally in Big 12)

SEC
East
Florida
SC
Vandy
Kentucky
Tenn.
Georgia
Auburn

West
LSU
Mizzou (formally in Big 12)
Tex A&M (formally in Big 12)
Alabama
Arkansas
Miss.
Miss. St.

Left out are La-Lafayette, La-Monroe, Army, M. Tenn St., and Ark St.

This will make 8 conferences with the ACC, Big Ten, SEC, and PAC 16 getting 2 automatic bids and the others getting 1 automatic bid. There will be a committee put together to determine the 3 at large bids for the 16 team tournament. Also, the same committee will seed the teams for the brackets.