Texas A&M could be applying for membership to the Southeastern Conference as early as this week, sources told OrangeBloods.com on Saturday.
A teleconference with Big 12 presidents was held Saturday and the hot topic of discussion was A&M and what the Big 12 would look like if the Aggies leave as expected.
According to OrangeBloods.com, Rivals.com's Texas site, Texas A&M's fee for leaving the conference would be between $28 million and $30 million. The more likely scenario would have the Big 12 withholding A&M's television revenue for 2011 and -2012, which is worth an estimated $18 million to $19 million.
Big 12 commissioner Dan Bebee released a statement Saturday, saying: ?The Big 12 Conference members have been and will continue to conduct meetings related to the situation with Texas A&M and conference membership.
?There will be public statement as appropriate and necessary if and when action is taken.?
Last week Texas A&M formally notified the Big 12 of its intentions to explore its options.
The Big 12 will actively seek to rebound when A&M leaves. The scenarios discussed, according to Orangebloods.com, include adding three schools to get back to a 12-team league. One of the three schools of interest would be Notre Dame. Arkansas, Pittsburgh and BYU are also of interest to the conference.
Texas Tech chancellor Kent Hance told Lubbock radio station KTTU that if A&M leaves it would ?be replaced by at least one and maybe three excellent teams that?ll be a bigger story (than A&M leaving)."
The New York Times reported this week that an SEC source said the SEC might play with 13 teams in 2012 before expanding to 14 in the future.
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