Oklahoma's board of regents is scheduled to meet today, but Oklahoma State's board will meet about 48 hours later, on Wednesday.
It's a special meeting scheduled to "consider matters relating to athletic conference membership."
University president Burns Hargis says the Cowboys have "attractive options" and are working closely with Oklahoma to make sure the "best interests of both institutions" are achieved.
He says the regents want to resolve the issue as soon as possible.
The Big 12 looks like it might be on its last legs, but we might get some concrete action for the first time in awhile when Oklahoma's regents adjourn today and Oklahoma State does the same on Wednesday.