Big 12 commissioner Dan Beebe referenced an offer from the five schools not attracting attention from other conferences to sacrifice their penalty monies from Nebraska and Colorado, but the exact use of that money is still being discussed.
Texas athletic director DeLoss Dodds said he favored the money, a reported $20 million, being stowed away in a conference-wide pot, and its usage to be determined later. And Tuesday, he said he opposed the money going to schools with other options as a motivator to stay.
"We do not have any guarantees from the league or our northern partners. There have been reports that there's going to be a special deal for some of us using penalty money or other money," [Texas president Bill] Powers said. "We were not part of that. We have heard about that. … It was not part of our consideration and we oppose that kind of deal."
Elsewhere on the site, colleague Pat Forde says the Big 12 has only put a momentary halt on expansion across the landscape of college football.
This is only a temporary solution.
Smart people and smart money predict that this new conference setup won't hold for decades to come -- probably not for even a single decade. As we enter a period of relative calm, the plate tectonics of college sports are always in motion beneath the surface. And the next eruption might be the big one.
One athletic director who has been involved in the national realignment negotiations put it this way Monday: "There is no emerging status quo. DeLoss [Dodds, the Texas athletic director] is buying the time he needs to contemplate and perhaps design a future that will be more on his terms."
Staggering to think that the future could get any more on Texas' terms, isn't it? Short of handing Dodds a scepter and giving the Longhorns an annual automatic BCS berth, there isn't much more sucking up the Big 12 could have done to keep Texas in the fold.