"In what would prove to be a pay cut for the current members of the Big 12, it appears the conference will grow to 11 members with the additions of West Virginia and Louisville, a key source with knowledge of the situation told Orangebloods.com Thursday.
The Big 12 presidents are expected to meet Monday to vote on the proposal, which appears to have enough support for formal approval, the source said.
It is being called a compromise by Big 12 sources because the eight current members of the league who plan to stay (excluding Texas A&M and Missouri) were split on whether to simply vote for West Virginia or add Louisville as well.
But Monday's vote could also be the death knell for the Big East, possibly allowing West Virginia and Louisville to get out of their current conference without having to pay exit fees or endure a waiting period. The Big East would be down to four football members (UConn, Rutgers, South Florida and Cincinnati), putting its survival as an automatic qualifying conference in serious jeopardy.
If there's not a conference left to collect exit fees and enforce a 27-month waiting period, then West Virginia and Louisville might bolt for the Big 12 in 2012-13 and take their legal chances, sources said. But those decisions haven't yet been made, sources said.
If the Big 12 had remained at 10 schools (after Missouri leaves for the SEC), the TV revenue payout per school would have been roughly $18 million. But that payout will drop to roughly $16.5 million per school in an 11-team league.
While many BYU fans are hoping to join the Big 12, there does not appear to be an interest in adding a 12th full-membership school at the current time, sources said. The Big 12 is hoping Notre Dame will decide in January to move its non-football sports from the Big East into the Big 12 and agree to play up to six football games against Big 12 schools in the future. "
Chip Brown