Money Matters - Simplified

Sources: Big 12 schools spurn Pac-10 offer

Irving, Texas -- The long-rumored defection of five Big 12 Conference schools to the Pacific 10 Conference appears dead, multiple sources said Monday.

Instead of effectively disbanding the Big 12 by moving to the West Coast conference, officials from Texas, Oklahoma, Oklahoma State, Texas Tech and Texas A&M have decided to stick together in a 10-team league, an unnamed source told The Oklahoman.

With the defections of Nebraska to the Big Ten and Colorado to the Pac-10, the future of the Big 12 was up in the air. But the newspaper said Commissioner Dan Beebe was successful in assembling a TV contract proposal worth at least $14 million for each school and as much as $20 million per year for heavyweights Texas and Oklahoma.

The Oklahoman's sources, however, said the deal is dependent on Texas A&M dropping its negotiations with the Southeast Conference.

"Things are trending in a favorable direction for the Big 12 today," an unnamed athletic director told The New York Times. "It looks like Texas is getting ready to commit to the Big 12. They're going to make a long-term commitment and basically accept the Beebe television proposal."

Copyright 2010 United Press International, Inc. (UPI).

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