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Reports: Texas ready to stay in the Big 12

The University of Texas stands ready to stay in the Big 12, signing off on a last-ditch television plan by commissioner Dan Beebe, reported and a source familiar with realignment negotiations confirmed.

If Texas decides to stay and forego an offer from the Pacific-10 conference, the Big 12 could carry on with 10 schools.

The only sticking point might be Texas A&M, which has flirted with the Southeastern Conference in recent days.

The Aggies, who have felt bystanders as Texas orchestrated the possible move to the Pac-10 of several Big 12 schools, now hold the power. A&M can keep the Big 12 together, or the league likely would disintegrate.

Beebeā€™s plan, helped along with Fox Sports television, promises future payouts of perhaps $17 million per year for Big 12 schools, which would more than double the current TV income for many of the Big 12 members. The setup also would allow individual schools to establish their own networks, which is very appealing to Texas and Oklahoma.

Nebraska athletic director Tom Osborne said Friday, while announcing that the Huskers were leaving the Big 12 for the Big Ten, that he offered to stay in the Nebraska if Texas would renounce its desire to establish its own network. Osborne said Texas refused to do so.