What's your point? While we have solid graduate and Law programs, our real strength is in our undergraduate programs.
My point is that undergraduate education isn't the main thrust of B10 universities. Their main focus is graduate education and research, which is why membership in the AAU has always been a litmus test for admission to the B10. It's not a coincidence that 30% of the doctorates conferred in the US are from B10 universities. The only time they took in a university that wasn't an AAU member, the university was close to qualifying and was given a couple of years to do so.
That's why Missouri is a strong contender despite a very mediocre undergraduate reputation; they've been an AAU member for over 100 years. AAU membership is the single overriding academic factor for B10 universities in this expansion. And while expansion is football-driven, the decisions aren't going to be made by football coaches or athletic directors, and academics will play a huge role. In some cases many of the academic powers in these universities resent football for what they perceive as undeserving media attention year in and year out. And they may have a point, the pool of research money available to these schools dwarfs the sports income. Membership in the conference would give the new member a minimum of $40 million in research money, assuming they have the programs in place to use it.
The money the B10 Network throws around is compelling to some, particularly cash-strapped universities in this poor economy. Even the B12 commissioner left the B12 to work for the B10 Network (he moved on to become vice comm for the Pac 10). But Notre Dame doesn't need the money. In total dollars coming in to the university ND ranks fifth in the country, behind only Texas, Stanford, Michigan, and another I can't remember.
I just don't think ND and the B10 are a good match. Both would have to make huge concessions. ND would have to be happy with membership in a conference without any special sweetheart media deals, they would be just another member like NW, Iowa, etc. And ND would have to change their academic focus. The B10 would have to change their academic focus as well. I don't think both sides can swallow their pride long enough to make it happen.
YMMV, contents may have settled in shipping, etc.