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A&M regents authorize president to negotiate Big 12 exit settlement

Mike Slive, Bernie Machen, R. Bowen Loftin AP

As we noted over the weekend, Texas A&M’s Board of Regents was expected to vote Monday on authorizing school president R. Bowen Loftin the power to negotiate a settlement with the Big 12.

It’s not very sexy to just say the vote went through, but that is indeed the case. As A&M spokesperson Jason Cook said afterward, the vote is just “the next step in the process.”

Loftin also needed board approval to explore conference options last year when the school was flirting with the SEC.

Negotiating the exit settlement is the last major hurdle for the Aggies as they plan to depart for the SEC on July 1 of this year. A timetable for the settlement — meaning how much and by when it will be decided — still remains up in the air.

Because A&M informed the Big 12 of its intent to leave the conference within a year of the departure date, Big 12 bylaws state the school should forfeit at least 90 percent of its conference revenue. That number had been rumored to be around $30 million, although it’s not expected that A&M will pay anywhere near that amount.

Both A&M and Missouri will play in the SEC next season; the Big 12 will be gaining TCU and West Virginia, barring legal hold up with the Big East.

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3 Responses to “A&M regents authorize president to negotiate Big 12 exit settlement”
  1. lemmam says: Jan 23, 2012 8:49 PM

    texas should not be worried about money, they have the longhorn network. that’s right you can’t get the longhorn network anywhere in houston

  2. mrslay1 says: Jan 23, 2012 9:11 PM

    Aggies may be the nerd worts on the ass of texas, but they do have plenty of money to get out of the little 9. They will make it back up in a short period of time as well as not being a member of the whinning babies of the the little league anymore:-)

  3. pushingiron says: Jan 24, 2012 9:36 AM

    It is a small price to pay for a big step up in class of conference for the Texas Aggies. It is a bold move that will pay huge dividends. The tide has turned in the state of Texas.

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