Clarifying the distribution of withdrawal fees

The Big 12 will evenly distribute any revenue withdrawn from Colorado and Nebraska as part of the bylaws for leaving the conference.

Commissioner Dan Beebe referenced an offer by the five schools (Missouri, Kansas, Kansas State, Iowa State and Baylor) not drawing interest from other BCS conferences to give Texas, Oklahoma and Texas A&M all of the Buffaloes’ and Huskers’ exit fees.

That spawned reports that the offer was agreed upon, which would contradict statements by Missouri AD Mike Alden and Texas AD DeLoss Dodds’ on Tuesday afternoon.