The Big 12 has some problems. Well, either that, or its July. Or both.
As you know, the league has already petitioned the NCAA to be able to host a conference championship game despite the fact that current rules state that you must have at least 12 teams to do so.
This exemption the Big 12 is looking for, and will probably receive, will serve two purposes. The first, is that it will generate a lot of money. For a conference that is apparently swimming in cash, that would appear secondary to the second reason:
Another potential notch in the belt of a College Football Playoff contender.