According to The Dallas Morning News, the Big 12 Conference will survive with its 10 remaining members. Larry Scott, commissioner of the Pac-10, informed the AP in an email that Texas rejected an offer to join his conference. On Monday, all 10 remaining schools met with Fox Sports to work on the framework of a deal that would provide enough money to keep the Big 12 alive.

ESPN reported that sources have informed them that Texas A&M will also remain a member of the Big 12. The Aggies were believed to be the final hold up in saving the conference.

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The ultimatum imposed by Big 12 Conference school presidents on Nebraska and Missouri to state their intentions on whether they would remain committed to the Big 12, or move elsewhere, has been met. The Big Ten Conference accepted Nebraska’s application to join their league, and the Huskers will join the Big Ten in 2011. Colorado accepted an invitation to join the Pac-10 Conference and will head west in 2012.

While Nebraska and Colorado head off to their new homes, with few things nice to stay about their former conference allies and no regrets, the fate of the Big 12 is apparently in the hands of Texas. Reports on Friday indicated that Texas, Texas Tech, Oklahoma and Oklahoma State were prepared to join the Buffaloes in the Pac-10, with announcements coming as soon as Monday.

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