re: How is it advantageous from a competetion standpoint for Mizzou to join the SEC?

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For now. I'm sure they will add more soon enough.

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Not unless they want to take a pay cut. Fox has told them that they must have 10 in order not to have the contract voided, but that the money won't go up if they go beyond 10.

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I thought the PAC 12 was happy and staying put at 12?

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And I've got a bridge to sell you in Brooklyn. If Texas is a free agent, without the LHN, then the Pac 12 will take them and the other 3 schools. There will be some anxiety over this (the Arizona schools, Colorado, and Utah won't be real excited, but the other 8 will be overjoyed), but the money will be too much to turn down. If they did, there would be a very realistic possibility of Texas going to the Big Ten (and a very remote possibility of Texas going to the SEC), and that would not be in the Pac 12's best interest. Once the Pac 12 gets their network up and running, they will really feel the acute need for some Central time zone schools in order to provide live events during prime viewing slots.

The Pac 12 didn't take Oklahoma and OSU because 14 teams just creates too many political headaches in how to divide the league (if you think the arguments in the SEC about whether Auburn or Missouri should go east are annoying, you can't imagine the wailing and gnashing of teeth that would ensue if the Pac 12 tried to split into two 7-team divisions, for reasons that I will not belabor here).