810 now reporting the Big Ten has made offers to Mizzou and Nebraska, along with Notre Dame and Rutgers.
http://www.810whb.com/article/3527#
Big Ten makes initial offer to Big 12 pair
The Big Ten Conference has extended initial offers to join the league to four universities including Missouri and Nebraska from the Big 12, according to multiple sources close to the negotiations.
While nothing can be approved until the Big Ten presidents and chancellors meet the first week of June in Chicago, the league has informed the two Big 12 schools, Notre Dame and Rutgers that it would like to have them join. It is not yet clear whether the Big Ten will expand to 14 or 16 teams but sources indicated Missouri and Nebraska are invited in either scenario. Notre Dame has repeatedly declined the opportunity to join the Big Ten. If Notre Dame remains independent, Rutgers would be the 14th team. The Big Ten would then decide whether to stop at 14 or extend offers to two other schools. If Notre Dame joins, sources say an offer will be extended to one other school making it a 16-team league.
In order for the University of Missouri to join the Big Ten, the Missouri Board of Regents will still have to approve the move. Sources close to the governing body say the Big Ten has told officials that Mizzou could add $1.3 million per month in revenue to the lucrative Big Ten Television Network. The Big Ten Network is currently offered on basic cable to very few of over 7 million residents living in Missouri television markets and adding it throughout the state will be a windfall for the conference.
Big Ten representatives have also told Missouri officials they would like to have the entire expansion process wrapped up this summer with a formal announcement coming no later than July.
The University of Missouri is currently under contract with the Big 12 conference and will have to pay a stiff penalty to leave the Big 12. The Big 12 charter states any member will lose between 50 and 100 percent of its shared annual revenue depending on the length of notice any school gives. According to published reports, Missouri receives around $9 million annually in shared football revenue from the Big 12. According to sources, it seems likely Missouri would give one- year notice. It is projected that Missouri's football revenues would increase by $10 million or more per year when it joins the Big Ten versus what it currently receives in the Big 12.
