I'm betting that adding teams required an extension of grant of rights, and that OU wanted Texas to compromise on the LHN. And Texas said "F you" and OU has decided there is no future to this conference and that they don't want to lock themselves into more years in the conference. So the decision was, "let's get as much money as we can the next few years before this thing is blowed up."
The Big 12 won't exist. And schools like Baylor, ISU, KU, and KSU will get SCREWED. TCU as well.
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