Texas to stay in Big 12, others follow suit | VailDaily.com

Texas to stay in Big 12, others follow suit

John HendersonThe Denver Post

The once-battered Big 12 Conference is back after Texas spurned the Pac-10 on Monday, triggering a chain reaction that also brought Oklahoma, Oklahoma State and Texas A&M back into the fold.Texas Tech, the other Big 12 school on the Pac-10’s target list, is expected to announce after a regents meeting today its intentions to remain.A source close to the Pac-10’s expansion negotiations told The Denver Post that Texas insisted on better revenue sharing and its own network, which essentially killed the deal.”In the 11th hour, after months of telling us they understand the TV rights, they’re trying to pull a fast one on the verge of sealing the deal in the regents meeting,” the source said. “They want a better revenue-sharing deal and their own network. Those were points of principle. (The Pac-10) wants to treat everyone fairly. It’s been that way for months of discussions.”Big 12 commissioner Dan Beebe, devastated by last week’s departures of Colorado to the Pac-10 and Nebraska to the Big Ten, is projecting for the 10 remaining conference members an annual TV revenue of at least $17 million each, according to numerous media reports.The conference also has told Texas it could keep its plans for the Longhorn Network, which athletic director DeLoss Dodds says he hopes will bring the school another $1 million to $2 million a year.In a statement, first-year Pac-10 commissioner Larry Scott said, “University of Texas president Bill Powers has informed us that the 10 remaining schools in the Big 12 Conference intend to stay together. We are excited about the future of the Pac-10 Conference and we will continue to evaluate future expansion opportunities under the guidelines previously set forth by our presidents and chancellors.”Read more: http://www.denverpost.com/ci_15297821

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