While it is absurd for anyone to suggest that Vandy WILL be kicked out of/leave the SEC, it's really not that bad of an idea. They are the only private school, don't fit academically, and don't deliver any new markets. While it's true that the presidents' care about academics, it's not as if a graduate student at UT (such as myself) will ever collaborate with anyone at Vandy just because both schools are in the SEC. We're talking about a sports conference here. The SEC Academic Consortium or whatever they're calling it is just window-dressing. It doesn't affect anyone's academics positively or negatively.
Vandy also doesn't add any new markets. While Nashville is a big city, no one there cares about Vandy. There are probably as many Ohio State fans in Nashville as Commodores fans. Nashville is what it is, and Vandy wouldn't affect that. They are decent at basketball from time to time, but still can't get out of the first round. And baseball? Women's bowling? Who cares.
So while I know it's not going to happen, I vote for Vandy to get the boot and then we'll be back to twelve with A&M. Put Auburn in the East to take Vandy's place and that's that.