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Monday, August 29, 2011

Texas A&M Closer to Withdrawing from Big 12 - NYTimes.com - Pete Thamel

http://www.nytimes.com/2011/08/30/sports/ncaafootball/texas-am-closer-to-withdrawing-from-big-12.html?ref=sports&pagewanted=print
excerpt ..
Texas A&M’s departure from the Big 12 Conference drew closer to reality on Monday when the university’s president, R. Bowen Loftin, sent a letter to the Big 12 board chairman, the Missouri president Brady Deaton, notifying the league that the Aggies would formally withdraw — very likely on Tuesday — according to two college officials with direct knowledge of the decision.

This latest step in the Aggies’ effort to join the Southeastern Conference appears to have two stumbling blocks. The first is Texas A&M’s exit fee from the Big 12, which it has not negotiated. That amount is expected to be close to $15 million. The other is the approval of the S.E.C. presidents. 

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