It's official: Texas will stay in the Big 12.
The University of Texas announced Monday evening that it will remain in the conference, likely meaning the exodus from the league will be limited to Colorado's move to the Pac-10 and Nebraska's switch to the Big Ten. The Longhorns turned down an invitation from the Pac-10, and they may have staved off a major restructuring in college athletics. Texas officials, including president Bill Powers, men's athletic director DeLoss Dodds and women's athletic director Chris Plonsky will hold a press conference at 11 a.m., ET on Tuesday to discuss the decision. The press conference will be streamed live at TexasSports.com.
It will be interesting to see the details of the new TV contract.