A&M’s SEC-ession Plan: Hoops Stands to Prosper
Posted by rtmsf on August 31st, 2011It’s now official. After over a month of hinting, positioning and closed-door legal wrangling, Texas A&M officials have received approval from the Big 12 Conference that its stated intention to “explore its options” with respect to conference realignment will not be met with resistance (of the litigious kind, at least). Earlier this week, commissioner Dan Beebe sent A&M a letter outlining the school’s options for withdrawal from the Big 12, and today the TAMU president, R. Bowen Loftin, wrote Beebe with the school’s next steps:
I have determined it is in the best interest of Texas A&M to make application to join another athletic conference. We appreciate the Big 12’s willingness to engage in a dialogue to end our relationship through a mutually agreeable settlement. We, too, desire that this process be as amicable and prompt as possible and result in a resolution of all outstanding issues, including mutual waivers by Texas A&M and the conference on behalf of all the remaining members.
The essential phrase in Loftin’s statement of intent to the Big 12 is ‘mutual waivers.’ This language implies that there is a tentative agreement in place between the other Big 12 institutions and the conference itself to waive any future legal redress so long as A&M pays its due and propers at the door on its way out. How much dough that will be is anyone’s guess, but by comparison, Nebraska’s skip to the Big Ten last year cost it a one-time fee of $9.25 million dollars, while Colorado’s venture west to the Pac-12 cost it $6.9 million dollars.