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Big 12, Mizzou, A&M reach buyout terms

Updated: February 29, 2012, 12:02 PM ET
By David Ubben | ESPN.com

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

In fall 2010, both schools announced they would be leaving the Big 12 on July 1, 2012. Conference 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.

The ...

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