As of 6:30 AM Wednesday morning, here's where we are:
* SEC voted to extend membership invitation to A&M, with two diesents
* SEC would pursue Missouri or West Virginia as 14th member
* New rumor are suggesting SEC's offer is contingent upon a waiver of lawsuit from Big 12, but this is unconfirmed and reported only from Orangebloods.com
* Most sources continue to believe notion of Texas joining ACC as not credible, being used as leverage to discourage Oklahoma from busting the Big 12 and ending the OU-Texas rivalry
* A&M is expected to announce their acceptance of the SEC invitation today. If the lawsuit waiver issue is true, that could be delayed
Thoughts: If the Big 12 had designs to sue the SEC, why would they agree to a mutual waiver of claims in allowing Texas A&M to depart in the first place? That is, if there's tortious interferene on one side, there's a willful breach of contract on the other - but the Big 12 released those claims, did they not? Besides, if the Big 12 dissolves, what entity would engage in the lawsuit? A threat from individual schools, such as Baylor, would be more credible, but one would assume a waiver of claims by the conference would presumably extend to each of its members individually and possibly survive the conference itself.
With the Big East courting (at least) Big 12 refugees Kansas and Kansas State, it would seem the Big 12 is destined to dissolve. With multiple sources - notably OKC and Houston broadcast and print media - reporting that the Longhorn Network would be converted into something amenable to the Pac 12, it still seems that the smart money is on OU, OkState, Texas, and Texas Tech heading to the Pac 12.
Stay tuned.
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