Still hope for the Big XII? - KWWL - Eastern Iowa Breaking News, Weather, Closings

Still hope for the Big XII?

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AUSTIN, TEXAS (KWWL) -- The Big XII Conference appears to be down to it's last breath, but an 11th hour proposal to save the league is now under consideration.  The key appears to be the Texas Longhorns.

Big 12 Commissioner Dan Beebe has approached Texas with a new financial package aimed at keeping the 10 remaining teams together, and according to a report in the Kansas City Star, the Longhorns are reportedly listening.

Under the new proposal, Beebe believes TV revenues for the conference schools can be increased to $17 million or more annually beginning in 2012.  Currently, each school only receives from $7 million to $10 million in TV money.  The schools would also equally divide the roughly $20 million that Nebraska and Colorado would owe for leaving the conference.

Texas had also been pursuing it's own television network and would be allowed to do so under the new proposal.

On Monday, Beebe will reportedly be meeting with all 10 athletic directors from the remaining schools to discuss the proposal.

Online reporter Mark Woodley

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