It's yet to be confirmed, but the Big 12-led conference championship deregulation campaign is a shadow of its former self. And that version is probably the one that's going to pass when the NCAA convention kicks off.
As you may recall, the original proposal -- co-championed by the Big 12 and ACC -- wanted full deregulation of league title games. For the Big 12, that meant holding a game with just 10 teams. For the ACC, it could have meant a three-division setup to fix the current imbalance of divisions.
Because the Big Ten enjoys trolling people and the SEC is happy to let someone else do their dirty work, though, the new proposal will not be anywhere close to that.