Nebraska bolts for the Big Ten
Late this morning, Nebraska officials contacted the Big Ten office, informing the league of the decision. Nebraska will become the 12th member of the Big Ten.
Meanwhile, University of Texas regents will meet next week to decide whether the Longhorns will remain in the Big 12 or switch to another conference.
The regents announced today that they will hold a meeting by telephone Tuesday for "discussion and appropriate action regarding athletic conference membership."
The future of the Big 12 already was in jeopardy after Colorado agreed Thursday to jump to the Pac-10. The Pac-10 is also reportedly interested in inviting Texas, Texas A&M, Oklahoma, Oklahoma State and Texas Tech to form a 16-team league.
Based on 2009 figures, Nebraska would double the amount of money it receives from conference distributions in the Big Ten. Big Ten schools received about $20 million a year in revenue compared with the $10 million Nebraska took in from the Big 12.
The Associated Press contributed to this report
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