It's been a whirlwind day for Texas fans. This morning the Horns were headed to the Pac10, but by late this afternoon, UT declined an offer to join the Pac10 and will instead stay in the Big12.

According to The Dallas Morning News, Pac-10 Commissioner Larry Scott confirmed that the University of Texas has declined an invitation to join the conference.

In a brief phone conversation, Scott said: "We've been informed by University of Texas president Bill Powers that Texas will stay with the Big 12. We have not received definitive details about this decision."

While a few details still need to be worked out, Big 12 commissioner Dan Beebe has a deal in place to keep the 10 remaining teams in the conference.

Under the new structure, the ten teams will play in a round-robin format, ensuring ...

If you've been following the Fanblogs Twitter Account (@fanblogs) this morning, you already be aware that negotiations are ongoing at this moment to salvage the Big 12 Conference.

According to multiple sources, Big 12 commissioner Dan Beebe has been working behind the scenes to line prospective television deals, if the remaining Big 12 schools (sans Colorado and Nebraska) would remain in the conference.

As first reported on Rivals sister-site Orangebloods.com, Beebe has proposed the following for the ten remaining Big 12 teams:

- A new television contract in 2011 comparable to the SEC's deal, bumping revenues from the $7-$10 million per year to $14-$17 million per year. The numbers would be higher - perhaps as much as $20 million per year - for teams that appear on television more frequently, such as Oklahoma, Texas, and Texas A&M.

- Each ...

With today's official announcement of Colorado to the Pac10 conference and the expected announcement of Nebraska to the Big10 conference (which officially makes it a Big12, don't you think?)... it would seem that the summer realignment-ageddon has officially begun.

Here's a quick what we know, what we can surmise....

- Colorado is officially joining the Pac10. It's unclear as to whether the Pac10 intends to hold at 11 teams, but we should expect the Pac10 to seek to add at least one additional member. For years the argument against expansion centered around the round-robin schedule format and - with 11 schools - that format is officially out the window for college football. Adding one more school would ...

Mere days after supposedly being given an ultimatum to tell the Big 12 if they should stay or go, Omaha.com is reporting that Nebraska University could join the Big Ten by this weekend, even as soon as Friday. NU chancellor Harvey Perlman has declined all interviews and will be meeting with his board of regents on Friday in Lincoln. Although no official sources at Nebraska are confirming anything, there are reports that other Big 12 athletic directors are poised to address changes in the conference by week's end.

But that doesn't mean that Tom Osborne isn't talking. Reached last night, Osborne agreed that things have been accelerated quite a bit:

"I think before too long--I don't know exactly ...

In the ongoing saga of "As the Big 12 Turns", Rivals.com site Orangebloods is reporting that the conference has given Nebraska less than two weeks to decide if it will remain in the Big 12.

According to sources, Nebraska is on the fence as to its future with the conference. The nine schools that are actively working to maintain the current conference, including powerhouses Texas and Oklahoma, are convinced that the league can survive the hypothetical departure of Missouri or Colorado; however, the Huskers are seen as key to the viability of the conference, given the Huskers' stature and marketability.

If these reports are accurate, then kudos to the Big 12 for not standing idly by and being held hostage by a growing list of conference suitors. I'm not exactly sure how you enforce the ultimatum without requiring members to sign a revised agreement with a substantial ...

As has been mentioned on several occassions by SEC Commissioner Mike Slive, the SEC will not stand pat if the Big 10 Conference elects to expand beyond twelve member schools.

"I'm aware of all the interest and all that's being written, but given the success that we have experienced over the past decade, we're comfortable with the position in which we find ourselves," Slive told FLORIDA TODAY on Wednesday. "Now having said that, if there's going to be a significant shift in the conference paradigm, the SEC will be strategic and thoughtful in order to maintain its position as one of the nation's premier conferences. We are watching carefully what's going on and keeping our antenna up and our eyes open as to what's going on around us."

The ...