Remember that back-door deal that Baylor, Kansas, Kansas State, Iowa State and Missouri made to help keep the Big 12 together (minus Colorado and Nebraska)? Those schools guaranteed Oklahoma, Texas and Texas A&M at least $20 million in conference revenue beginning in 2012-13 if they would remain members of the league.
Big 12 commissioner Dan Beebe said that Texas and Oklahoma have declined the gesture, but Texas A&M wants to make the other schools live up to the promise.
Aggie president R. Bowen Loftin, above, issued the following statement Wednesday:
"A key part of Texas A&M's decision to remain in the Big 12 earlier this summer was the commissioner's commitment that Texas A&M would receive a minimum of $20 million annually in future conference distributions. We remain committed to the conference, and fully anticipate that the Big 12 will honor its commitment to Texas A&M."
The Houston Chronicle reported that Texas A&M is prepared to go to court to get the deal in writing. A high-ranking A&M official told the newspaper that the school would consider leaving for the Southeastern Conference if its demands were not met.
Part of the reason the Aggies are pressing for the money is that the athletic department is in the early stages of paying back a $16 million loan to the university.