Big 12 Conference, Missouri, Texas A&M Reach Buyout Terms

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By David Ubben
ESPN.com

Missouri and Texas A&M's price tag for leaving the Big 12 will be $12.41 million, the conference announced on Tuesday.

In the fall of 2010, both schools announced they would be leaving the Big 12 on July 1, 2012. Big 12 bylaws state that universities that provide less than 12 months notice are subject to having 90 percent of their conference revenue withheld. That total was estimated at nearly $30 million for each school, but lawyers for both sides settled on $12.41 million. MORE....

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WVU Settles Big East Lawsuit, Will Join Big 12 In July

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By VICKI SMITH and RALPH RUSSO
Associated Press

MORGANTOWN, W.Va. (AP) -- West Virginia University announced Tuesday it has settled a lawsuit with the Big East for an unspecified amount, clearing the way for the Mountaineers to join the Big 12 in July.

Athletic Director Oliver Luck said the terms of the deal were confidential and WVU wouldn't release details. But Luck said no state, taxpayer, tuition or other academic dollars will be used in the settlement.

A person familiar with the agreement said the settlement totaled $20 million but did not know how much money would come from the university and how much the Big 12 may contribute. The person spoke on condition of anonymity because financial terms were not being made in the announcement of the agreement. FULL STORY....