ESPN.com is reporting that Texas, Texas Tech, Oklahoma and Oklahoma State are getting closer to joining the Pac-10. The report also states that Big 12 commissioner Dan Beebe is trying to put together a plan to save the conference, although sources say that he has “zero” chance of succeeding.

Beebe’s last-ditch plan included an emotional plea about preserving rivalries and maintaining the best welfare of the student-athlete, one source said.

Texas A&M is now most likely to join the SEC, a source within the Big 12 said. This move, in the wake of Colorado and Nebraska’s departure, would further diminish the chance of Beebe’s plan succeeding, one source said.

Texas’ decision is expected to come no later than Tuesday. One source familiar with Texas’ plans suggested a hearing on Wednesday at the Texas House of Representatives is “a nonfactor.”

A report on Orangebloods.com said that Texas is committed to discussions with the remaining 10 schools in the Big 12 about a plan put together by Beebe that would keep the league intact with its current programs.

The plan includes assurances that a TV deal could net each school between $14 million and $17 million, Orangebloods.com reported, and schools such as Texas could still have their own TV network.

College football expansion is all about money, so Beebe’s plan isn’t completely hopeless. That said, things don’t look good for him and the Big 12. These schools are going to go where the TV deals are bigger and where they can generate more revenue. As of now, the Pac-10 offers the better “deal” for teams like Texas, so it seems inevitable that that is where they’ll wind up.

We’ll see if Beebe’s last-ditch effort can save the conference but as of now, it appears that the Big 12 is on the verge of imploding.

Update: Now ESPN is reporting that Texas is leaning towards accepting a deal to stay in the Big 12.

Based on a TV deal in the works that could pay them upwards of
$25 million per year, Texas is leaning toward staying in a 10-team Big 12 for the foreseeable future, Orangebloods.com has reported, citing sources familiar with negotiations.

Texas was meeting Monday with the other remaining nine schools in the Big 12 about a TV deal included in a plan put together by Big 12 commissioner Dan Beebe that would keep the league intact with its current programs, according to multiple reports.

Texas stands to earn between $20 million and
$25 million annually in television revenue in the reworked deal, including money from its own network, according to Orangebloods.com.

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