What we know for sure is that the Big 12 board of directors will meet in Dallas today, and that the conference has scheduled a press conference for 6:30 p.m. ET / 4:30 p.m. MT.
That's because the power rests with league presidents and none of them has offered much in a public setting since Oklahoma president David Boren, chairman of the Big 12 board of directors, acknowledged at a September 14 OU regents meeting that league expansion was "not a given" despite all the time, money and energy invested on the topic in recent weeks. That process began in July. A week ago it seemed like Big 12 expansion might be dead. but according to some clues on twitter, that might not be the case. "Now, whether or not there will be a final decision made, I'm not certain I can say". But if we've learned anything about the Big 12 in recent months, it's that just about anything is still on the table.
So, here we are, but where are we really? One athletic director speculated that any involvement by Big 12 partners ESPN and Fox in league talks would be a negative. And there appear to still be ongoing negotiations for a revised TV deal between the Big 12 and its television partners, the result of which may not be known for some time. If additional teams were to come on board, they would receive similar compensation. Additionally, SI's Pete Thamel has reported that a potential new wrinkle in the TV deal could be what derails expansion.
The Big 12 presidents could choose to expand - with full members or football-only members - or they could decide to remain at 10 schools.
For at least the foreseeable future, the Big 12 Conference will not be adding any other teams. Specifically, this would mean that the Big 12 is expanding by either two or four schools, with some potentially being football-only members.
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As we've learned over the years, Texas and Oklahoma basically run the Big 12.
In fact, you can make the argument that if it were not for the undefeated starts by Baylor and West Virginia, the biggest talking point regarding the Big 12 would be whether or not the conference will expand. That is the sport, like it or not, that pays the bill for all the others.
So, for all the folks in the pro-expansion camp who are probably pretty fired up right now, who should you be mad at?
"We don't think expansion in the Big 12 is a good idea for the conference". But I also don't believe the conference will put the absolute kibosh on expansion plans, either.
Today, the status quo prevails.