Big 12 Commissioner issues statement

Big 12 Commissioner Dan Beebe says his league tried to accommodate a request from the SEC to ease the way for Texas A&M to join.
Beebe said in a statement late Wednesday though that the Big 12
board's letter to the SEC last Friday waiving his conference's
rights to legal claims didn't and couldn't require individual
member schools to do the same thing.
Since the departure of Texas A&M results in significant changes
in the Big 12 membership, Beebe says "several institutions may be
severely affected" after counting on revenue streams from
contracts approved unanimously by all Big 12 members, including
Texas A&M.
He says some schools have millions of dollars of obligations
based on those expected revenues.

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