Chip Brown (yes, THAT Chip) is reporting that Dan Beebe has informed the remaining 10 schools that a new television contract could provide each school approximately $17 million a year. (I.E. SEC-type money), and allow each school (in other words, Texas) to form their own network as well.
Texas is seriously considering the proposal, since they would be able to have their cake (big TV money) and eat it (their own TV network as well.)
Ironically, it turns out that the Pac-10 would also require Texas to sign all of their media rights to the conference as well...something that Harvey Perlman asked Texas to do last week, and they refused.
Which means that if anybody asks, if the Big XII dies, it falls squarely on Texas because they were not willing to make the same commitment to the Big XII that they are willing to make to the Pac-Ten.