Report: Pac-12 Is Finalizing a Deal for Texas, Texas Tech, Oklahoma and OSU

Matt RyanCorrespondent IISeptember 18, 2011

PASADENA, CA - SEPTEMBER 17:  Case McCoy #6 of the Texas Longhorns handsoff to Malcolm Brown #28 of the Texas Longhorns during the first quarter at Rose Bowl on September 17, 2011 in Pasadena, California.  (Photo by Harry How/Getty Images)
Harry How/Getty Images

The Pac-16 may be inching closer to reality. The Austin-American Statesman is reporting that the Pac-12 is working out the final details to bring Texas, Texas Tech, Oklahoma and Oklahoma State to the conference.

This report comes out a day before the Texas and Oklahoma Board of Regents will meet to discuss conference affiliate.

The Longhorns and a contingent of Big 12 schools seemed destined for the then Pac-10 last summer, but the deal fell apart for a variety of reasons; one of them was the status of the Longhorn Network.

Texas will be allowed to keep the Longhorn Network and all the revenue from it, if the the amount is greater than one-sixteenth of what the rest of the conference receives for its third-tier rights. The Longhorn Network will also be required to carry other conference programming.

The Pac-12 may move to a nine-game conference schedule if it goes to to 16 football members.

More will be known tomorrow after the Board of Regents meet.

If these reports are true the Big 12 will be gone like the Southwest Conference.