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Texas Tech, Oklahoma State Apparently Not Happy With New Big 12 Financial Arrangement

Apparently Texas Tech -- who has yet to officially sign off on the new Big 12 arrangement -- isn't happy with the way things turned out. Add Oklahoma State in there as well.

Here's the issue: Kansas, Kansas State, Missouri, Iowa State and Baylor agreed to give their share of the Colorado and Nebraska buyout money (reported to be over $20 million) to Texas, Texas A&M and Oklahoma. Conspicuously missing from the teams receiving that extra cash are the two who have yet to sign the new agreement.

Dan Beebe is reportedly scheduled to hold a press conference at 2:30 p.m. this afternoon. Meanwhile, the Texas regents are meeting at 2:00 p.m. today to discuss the new move so Beebe likely wouldn't have any new information to report just 30 minutes after that meeting starts. Jim Bob Breazeale of Sports Talk San Antonio reports as of 1:00 p.m. today Texas Tech was on the phone with the Pac-10.

Dan Wetzel of Yahoo! Sports thinks Tech will "eventually" sign off on the new deal but they're upset that Texas, Texas A&M and Oklahoma are the ones benefiting from the new arrangement.

All indications are that the Big 12 will be saved but Texas Tech and Oklahoma State will apparently make it interesting right down to the end.