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Big 12 ADs Meeting To Discuss Nebraska, Colorado Buyout Money

Chip Brown of reports Big 12 athletic directors are meeting in Dallas today to determine how Nebraska and Colorado's buyouts would be distributed.

Big 12 Commissioner Dan Beebe indicated that schools like Missouri and the rest of the "Forgotten Five" had agreed to possibly give up their portion of the buyout money in order to convince Texas, Teas A&M and Oklahoma to stay in the Big 12.

Later that day, Missouri officials said publicly that this was not the plan and the bylaws state that any change would have to come from the board of directors. Kansas AD Lew Perkins later came out and said the same thing.

Meanwhile, Nebraska officials last indicated that they don't see any reason to be paying the buyout money at all.

We'll have some updates on exactly what the distribution plan is.