The Big Ten and Pac-12 aren't the only major football conferences with official buddies now. The SEC and Big 12 have linked arms -- setting up a "new January bowl tradition," as Mike Slive calls it -- pairing their conference champions or runners-up beginning in 2014.
While SEC and Big 12 champs missing the playoffs would be a very, very rare event, the importance here is that the two have effectively created another Rose Bowl, and one that would quite often trump the Granddaddy, at least in terms of highly-ranked football teams. It also creates a very clearly defined upper tier in college football, with everyone from the ACC on down all but walled off from the highest level.
Follow the header link for more info on this awesome development.