The Big 12 says it will hold a news conference at 4:30 p.m. MDT Monday to announce whether the presidents have decided to add new members, stay at 10 schools for the foreseeable future, or want more time to consider their options.
The three-month exercise could be all for naught, however. On Friday, Sports Illustrated reported that the league's television partners are willing to pay the league not to expand. Fox Sports and ESPN want to eliminate the pro rata clause in their contracts that lets the Big 12 receive nearly $25 million a year for every school it adds, and are attempting to buy out the clause.