2:55pm CDT: Dan Beebe's press conference comes to an end just before 3pm local time, lasting only about 15 minutes but did not address Texas Tech or Oklahoma State by name.
I have heard that Oklahoma State has said that they are committed to the Big 12 but that Texas Tech is still very much on the fence.
What happens at this point is anyone's guess but we'll have to wait and see how Texas Tech handles this. We may not know there position until we hear an official announcement from the school and their officials.
2:52pm CDT: Dan Beebe confirms that the "Red River Shootout" could potentially move to Cowboys Stadium in Arlington.
2:49pm CDT: Beebe quoted as saying "12 teams is an optimum number for a football conference but 10 is a good number as well." Maybe he's leaving the door open to go after a few more schools?
2:44pm CDT: Beebe says it's a "very remote chance" that the Big 12 will expand from where they are.
2:41pm CDT: Dan Beebe is taking questions from the media and his past answer, he only mentioned three schools, Texas, Oklahoma, and Texas A&M as far as having other conferences they could go to.
I'm curious as to why he has not mentioned Texas Tech and Oklahoma State.
2:35pm CDT: Still waiting on Big 12 commissioner Dan Beebe to take the podium for his press conference. As soon as he finishes up, we'll have reaction up and get everyone up to date on what's going on in the Big 12.
2:23pm CDT: For those of you who want to watch the press conference live, here's the link.
2:20pm CDT: According to the Big 12 website, the press conference is scheduled to begin at 2:30pm CDT.
1:45pm CDT: The twists and turns keep coming in the saga that is the new Big 12 deal, which was supposed to keep the remaining 10 teams together in the conference.
The new turn in this story, according to 105.3 FM The Fan in Dallas, Texas, is Texas Tech and Oklahoma State are not happy about the new deal and are scheduled to be holding a press conference at 2 pm CDT this afternoon.
What the two schools are upset about is the fact that the money being paid out by Nebraska and Colorado for leaving the conference early is not being divided up evenly, as Texas and Oklahoma are apparently getting the bigger share of it.
Big 12 commissioner Dan Beebe even said during his teleconference this morning, "We don't have a TV deal." Beebe is attempting to give assurances that things will be worked out, but nothing is guaranteed in place.
We've talked all week about the possibility of the Big 12 falling apart, but after news broke yesterday morning that the conference was going to be saved, this was news that no one really expected.
Where does that leave the Big 12, and could Texas Tech and Oklahoma State possibly go looking for a new home, leaving everyone else to fend for themselves?
If that happens, what happens to the deal that was supposed to send Texas, Texas Tech, Oklahoma, and Oklahoma State to the Pac-10?
This has the ability to fall apart very quickly if Texas Tech and Oklahoma State are as angry as some say they are.
There should be more news out on this as soon as the press conference begins at 2 pm CDT this afternoon. I'll be posting updates as the story develops.