Since texassports.com decided to team with Bluetooth, they have not updated their Outlook importer for UT sports.  So I created my own UT men's basketball schedule to import into Outlook.
It is a csv file, if you need help importing that into Outlook, see here.
The way I set it up, the opposing team is listed in the location, and the description has the TV station with direct TV channels.  The game times are set up for east coast, so either change the timezone in outlook to east coast before you import or edit the file to add or subtract hours.
The csv file can be downloaded here.