DALLAS (CBS HOUSTON) – The journey for the 11 “Group of Five” Schools hoping to join the greener pastures of the Big 12 is over, as the conference reportedly has chosen to remain at their current 10 schools after a Big 12 Board of Directors Meeting in Dallas Monday.
Chip Brown, who covers the Big 12 and the Texas Longhorns for Hornsdigest.com tweeted Monday afternoon that the Big 12 will stay with the status quo as of Monday.
According to SI.com’s Pete Thamel, the Big 12 is negotiating with their current TV partners ESPN and FOX sports on adding additional revenue to the current television deal. It was reported last last week that the networks were not in favor of expansion due to a clause in the current TV-rights contract that would force the networks to add additional annual rights-fees per-school added.
The Big 12 is scheduled to formally announce the decision in an announcement late Monday afternoon.
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