Sources are reporting that the Big 12 Conference cannot be saved and that The Texas Longhorns will bolt for the Pac-10.
"Texas is leaving; the Big 12 is essentially dead," said Chip Brown of Orangebloods.com, who broke the story.
It means big changes for college football.
There are, of course, several moving parts involved, but let's try to simplify things:
Brown reports that Nebraska's Board of Regents has informally agreed to move from the Big 12 and join the Big Ten Conference.
"[Nebraska Athletic Director] Tom Osborne has made the case for that school that it's a better fit in the Big Ten, that academically, athetically, culturally, overall, that's the place that Nebraska needs to be for the next hundred years," Brown said. "Financially, it's a good step for them."
Brown said Osborne can make the case that Nebraska can double its money in the Big Ten.
According to Brown, Texas Athletic Director DeLoss Dodds met with university coaches on Wednesday afternoon and told them efforts were made to save the Big 12 conference, but they just couldn't do it.
"Texas and Texas A&M will meet tomorrow, and if they are on the same page — which it appears that they are — then Oklahoma, Oklahoma State and Texas Tech will all follow whereever Texas and Texas A&M go," Brown said.
That would create the nation's first 16-team "super-conference," Brown said, with Colorado likely also dropping out of the Big 12 to shift to the Pac-10.
A Big 12 spokesperson at the conference headquarters in Irving had no comment.
So what happens next?
"My sources say that the Pac-16, or whatever we're going to call this thing, will start in 2012, which will make for an incredibly uncomfortable next two seasons among the Big 12 opponents," Brown said.
The Pac-10 commissioner already has the authority to extend invitations to other schools — something we expect is going on this week.
With Nebraska apparently deciding to exit the Big 12, it could act like the first domino and signify the fall of the Big 12 conference as we know it.