Orangebloods.com's Chip Brown has reported that the Texas Longhorns could announce as early as today that they are committed to sitting down with the other nine remaining Big 12 teams and discussing saving the conference.
At the same time, ESPN's Joe Schad is reporting that four sources within the Big 12 conference have said that an exodus by Texas, Texas Tech, Oklahoma, and Oklahoma State to the Pac-10 is imminent.
These conflicting reports both fail to mention that Texas A&M is still heavily in discussions with the SEC and could still leave to join that conference. If that happens, it would be hard to imagine that the Big 12 can still be salvaged with nine teams.
The reasoning behind a possible Texas commitment to the Big 12 is once again found in the TV deals. Big 12 Commissioner Dan Beebe has proposed a deal that would increase TV revenues for each school to up to 17 million dollars. The remaining schools would also split the money that Nebraska and Colorado would have to pay for leaving the conference.
The bigger thing for Texas is the possibility of their own network, which Beebe said would be allowed in this new deal. The Pac-10 has said that they would not allow that, but their own conference TV deal would still be worth more than the one that Beebe has presented.
All together, Texas stands to make between 20 and 25 million dollars if it stays with the Big 12 and develops it's own TV network.
More to come as these stories develop and gain validity.