Based on a TV deal in the works that could pay upwards of $25 million per year, Texas leaned toward staying in a 10-team Big 12 for the foreseeable future, Orangebloods.com reported, citing sources familiar with negotiations.
Texas stands to earn between $20 million and $25 million annually in television revenue in the reworked deal, including money from its own network, according to Orangebloods.com.
The other seven schools in the Big 12 would make between $14 million and $17 million, doubling what they currently receive in TV revenue.
http://sports.espn.go.com/ncaa/news/story?id=5286672