The Big 12 Conference Board of Directors “has authorized negotiations with Texas Christian University to become the Conference's 10th member, and instructed interim commissioner Chuck Neinas to immediately begin discussions with TCU,” according to an official release issued today.
“The action of the Board was without dissent. On the advice of legal counsel, The University of Missouri did not participate in the vote.”
A Big 12 source tells Kirk Bohls of the Austin American-Statesman that he doesn’t think TCU “would be liable for big financial damages for leaving the Big East because the Fort Worth school hadn’t yet joined and could make the legal case that it was not the same league that it had agreed to join because Syracuse and Pittsburgh have announced they are headed to the Atlantic Coast Conference.”
Bohls also reports that Texas “has agreed to equal revenue sharing of Tier I and II television rights to football and men’s basketball games and has agreed to forego its desire to show any high school football games or even highlights on its new Longhorn Network.”
“In exchange, the league will allow Texas to show two or three football games on the network.”
OU athletic director Joe Castiglione told Bohls that “his school hopes to launch its network as early as next fall.”
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