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Source: Texas A&M staying also
ESPN.com
Texas will remain a Big 12 Conference member, the university announced on Monday.
University president William Powers Jr., men's athletics director DeLoss Dodds and women's athletics director Chris Plonsky will hold a news conference at 11 a.m. ET on Tuesday.
Big 12 commissioner Dan Beebe will also address the media on a teleconference at noon ET.
Pac-10 commissioner Larry Scott confirmed that Texas has turned down an invitation to leave the Big 12 and join his conference.
In an e-mail to The Associated Press, Scott confirms that Texas has rejected the Pac-10's offer.
The news first was reported by The Dallas Morning News.
Texas A&M will also continue as a member of the Big 12, a school source told ESPN's Kelly Naqi.
Texas A&M regent Gene Stallings said earlier Monday he wanted the Big 12 to survive and would vote to keep the Aggies in the league if they don't get a much better offer. Stallings told The Associated Press that keeping the Big 12 together "would tickle me to death."
Stallings coached Alabama to a football national championship in 1992. He has said that if Texas A&M does move, he'd rather see the Aggies go to the SEC than the Pac-10, but his comments Monday suggested that would be a last resort.
Stallings says he expects Texas A&M regents to meet later this week.
Texas had a meeting Monday with the other remaining nine schools in the Big 12 about a TV deal included in a plan put together by Beebe that would keep the league intact with its current programs, according to multiple reports.
Based on a TV deal in the works that could pay upwards of $25 million per year, Texas leaned toward staying in a 10-team Big 12 for the foreseeable future, Orangebloods.com reported, citing sources familiar with negotiations.
Millions of Reasons
Texas, Texas A&M and Oklahoma would reportedly each receive at least
$20 million annually from a new Big 12 TV contract, comparable with what the top conference deals pay now.
BCS conference Amount of contract
Big Ten $242 million
SEC $205 million
Big 12 $78 million
ACC $67 million
Pacific-10 $58 million
Big East $33 million
Texas stands to earn between $20 million and $25 million annually in television revenue in the reworked deal, including money from its own network, according to Orangebloods.com.
The Longhorns network figures to generate between $3 million and $5 million, according to the Orangebloods.com report. Because the Big 12 has unequal revenue sharing, the deal will mean more money for Texas, Texas A&M and Oklahoma, who all would receive at least $20 million annually from the new deal.
"Everybody is feeling much more confident the Big 12 is going to survive," a person with direct knowledge of discussions told The Associated Press. "Everybody's going to be making more money."
Big 12 officials have told member schools that the loss of the Denver television market and Nebraska would not weaken the league's negotiating position with TV networks as much as feared, the person said.
The other seven schools in the Big 12 would make between $14 million and $17 million, doubling what they currently receive in TV revenue.
At least four of the Big 12 schools' board of regents are meeting early this week -- Texas Tech on Tuesday, Oklahoma and Oklahoma State on Wednesday -- to discuss the schools' conference affiliations. Missouri's board held meetings over the weekend, after which school officials publicly pledged their loyalty to a 10-team Big 12. The Kansas Board of Regents on Monday lobbied its counterparts in Texas and Oklahoma to keep the Big 12 alive, sending a letter that said a 10-member league would be "extremely viable."
Earlier Monday, ESPN reported the departure of Texas, Texas Tech, Oklahoma and Oklahoma State to the Pac-10 was "imminent," citing four sources within the Big 12.
A source told ESPN's Joe Schad that Powers was taking a "global view" of the landscape, excited about the importance of aligning his school with research opportunities and academic reputations of schools in the Pac-10.
But clearly being able to come at least close to the Pac-10 financial projections, while being able to still launch a network, may have swayed Powers to change his mind.
ESPN.com
Texas will remain a Big 12 Conference member, the university announced on Monday.
University president William Powers Jr., men's athletics director DeLoss Dodds and women's athletics director Chris Plonsky will hold a news conference at 11 a.m. ET on Tuesday.
Big 12 commissioner Dan Beebe will also address the media on a teleconference at noon ET.
Pac-10 commissioner Larry Scott confirmed that Texas has turned down an invitation to leave the Big 12 and join his conference.
In an e-mail to The Associated Press, Scott confirms that Texas has rejected the Pac-10's offer.
The news first was reported by The Dallas Morning News.
Texas A&M will also continue as a member of the Big 12, a school source told ESPN's Kelly Naqi.
Texas A&M regent Gene Stallings said earlier Monday he wanted the Big 12 to survive and would vote to keep the Aggies in the league if they don't get a much better offer. Stallings told The Associated Press that keeping the Big 12 together "would tickle me to death."
Stallings coached Alabama to a football national championship in 1992. He has said that if Texas A&M does move, he'd rather see the Aggies go to the SEC than the Pac-10, but his comments Monday suggested that would be a last resort.
Stallings says he expects Texas A&M regents to meet later this week.
Texas had a meeting Monday with the other remaining nine schools in the Big 12 about a TV deal included in a plan put together by Beebe that would keep the league intact with its current programs, according to multiple reports.
Based on a TV deal in the works that could pay upwards of $25 million per year, Texas leaned toward staying in a 10-team Big 12 for the foreseeable future, Orangebloods.com reported, citing sources familiar with negotiations.
Millions of Reasons
Texas, Texas A&M and Oklahoma would reportedly each receive at least
$20 million annually from a new Big 12 TV contract, comparable with what the top conference deals pay now.
BCS conference Amount of contract
Big Ten $242 million
SEC $205 million
Big 12 $78 million
ACC $67 million
Pacific-10 $58 million
Big East $33 million
Texas stands to earn between $20 million and $25 million annually in television revenue in the reworked deal, including money from its own network, according to Orangebloods.com.
The Longhorns network figures to generate between $3 million and $5 million, according to the Orangebloods.com report. Because the Big 12 has unequal revenue sharing, the deal will mean more money for Texas, Texas A&M and Oklahoma, who all would receive at least $20 million annually from the new deal.
"Everybody is feeling much more confident the Big 12 is going to survive," a person with direct knowledge of discussions told The Associated Press. "Everybody's going to be making more money."
Big 12 officials have told member schools that the loss of the Denver television market and Nebraska would not weaken the league's negotiating position with TV networks as much as feared, the person said.
The other seven schools in the Big 12 would make between $14 million and $17 million, doubling what they currently receive in TV revenue.
At least four of the Big 12 schools' board of regents are meeting early this week -- Texas Tech on Tuesday, Oklahoma and Oklahoma State on Wednesday -- to discuss the schools' conference affiliations. Missouri's board held meetings over the weekend, after which school officials publicly pledged their loyalty to a 10-team Big 12. The Kansas Board of Regents on Monday lobbied its counterparts in Texas and Oklahoma to keep the Big 12 alive, sending a letter that said a 10-member league would be "extremely viable."
Earlier Monday, ESPN reported the departure of Texas, Texas Tech, Oklahoma and Oklahoma State to the Pac-10 was "imminent," citing four sources within the Big 12.
A source told ESPN's Joe Schad that Powers was taking a "global view" of the landscape, excited about the importance of aligning his school with research opportunities and academic reputations of schools in the Pac-10.
But clearly being able to come at least close to the Pac-10 financial projections, while being able to still launch a network, may have swayed Powers to change his mind.
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