“Bill gets introduced in state legislature” is about the least useful headline possible. State legislatures are full of yahoos who introduce meaningless bills that have no possibility of going anywhere. I don’t see this one ever amounting to more than a press release from the bill sponsor.
texas oklahoma state another disappointing game for big 12. games in the 50 between 2 big basketball institutions? meh. Oklahoma only managed 50 also. March madness odds has Kansas and Baylor 4th and 5th but sos in big 12 seems a bit flattering.
Are you aware that Texas has the top rated scoring defense in the country? Baylor (who played the Oklahoma team you mentioned) is also top 20 in that metric. How about the fact that the Big 12 is considered the top conference, by an insanely large margin, in the Massey Composite rankings. Every single ranking system that is included has them at number 1. It’s unanimous, which is almost unheard of when you compare a bunch of different models.
I get that some people like to see high scoring affairs with minimal defense, but that doesn’t mean that the best basketball teams score a lot of points. Loyola Marymount, who was famous for their high scoring offense for a very long time won 5 NCAA tournament games. Total. Ever.
Scoring a lot of points doesn’t make you a winning basketball team. Scoring more points than your opponent is what makes you a winning basketball team. The Big 12’s SOS isn’t really in jeopardy here, as the vast majority of non-conference games have been played and the conference fared extremely well. Next you’ll be telling me that the Pac 12 and ACC are stronger football conferences. 
Gabe Feldman, a sports law professor at Tulane, said an act of Congress might save the NCAA even as he noted this was just a preliminary injunction in one district court with the NCAA expected to appeal. That would go to the 6th U.S. Circuit Court of Appeals overseeing Tennessee, Kentucky, Ohio and Michigan.
Charlie Baker has readily acknowledged that the schools will require congressional intervention - because courts have concluded that the traditional model of limiting athletes’ rights are a violation of law - but so far Congress hasn’t shown much inclination to assume any kind of regulatory oversight that would help the schools.
I have much more to say about this issue but I’ve noticed that my vigorous advocacy has a tendency to ruin these threads for some.