Texas A&M Nearing Financial Settlement With Big 12, According To Report

Texas A&M University will hold a conference call Monday to "to negotiate and execute a settlement agreement with the Big 12 Conference and its members," according to the Dallas Morning News.

Both the Aggies and Missouri must "settle up" with the Big 12 before officially joining the Southeastern Conference this summer. A&M President R. Bowen Loftin will negotiate the exit of the Aggies. The Morning News reports that exit could come at a substantial price:

Under the Big 12's bylaws, A&M could be liable for 90 percent of its conference revenue for the last two seasons, estimated at about $28 million. Baylor president Ken Starr, Kansas chancellor Bernadette Gray-Little and Kansas State president Kirk Schultz make up the three-person Big 12 negotiating committee.

Loftin has cited the exit fees paid by Nebraska and Colorado when they exited the league in 2011 as precedent for a significantly reduced amount.

A&M is scheduled to officially become a member of the Southeastern Conference on July 1. Missouri has yet to reach an agreement to exit the Big 12.

For more on Texas A&M, visit I Am The 12th Man. For the latest news and updates from college football, go to SB Nation's college football page.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation Houston

You must be a member of SB Nation Houston to participate.

We have our own Community Guidelines at SB Nation Houston. You should read them.

Join SB Nation Houston

You must be a member of SB Nation Houston to participate.

We have our own Community Guidelines at SB Nation Houston. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.