Nebraska and Colorado reduced the league from 12 members when they left after the 2010-11 school year. When Texas A&M and Missouri officially became SEC members last summer, they were replaced by TCU and West Virginia.
In September, the Big 12 announced a new $2.6 billion, 13-year deal with ESPN and Fox Sports.
That agreement also allows the Big 12 to retain the media rights and accompanying revenue of any school that leaves the conference.
Another possible topic when the Big 12 athletic directors meet will be to determine if there would be the desire for the league to have a championship game again in football - "We haven't talked much about it," Bowlsby said.
NCAA rules allow only leagues with at least 12 teams to have championship games, but that could change.
"In a period of deregulation, does it make sense that the association is describing the manner in which we create our champion?" Bowlsby said, adding it wasn't his league that initially asked for reconsideration of that rule.
"There was some thought the reason they were asking is because we want to play a 13th regular-season game, which is not accurate," he said. "We don't have any intention of doing that."