Spitball idea: The Jordan League
North Carolina, Duke, Kentucky, Kansas, Arizona, Oregon.
This is not a new conference, it's a season-long men's basketball-only tournament played between those schools. On five weekday nights of the season (you could make it seven if you added, say, Baylor and Gonzaga) ESPN and ESPN2 broadcast a staggered tripleheader of those schools playing against each other in their home arenas. That's a whole bunch of ultra-premium inventory among the new ESPN family that ices out the B1G and creates some new money that can keep the tectonic plates a bit more stable.
If it's war with ESPN they have some cards they can play. And Phil Knight is available as a free agent.
Oh, and y'all realize the ACC/Big Ten Challenge is over, right?