Buyouts for Mizzou, A&M need approval

The chairman of the Big 12’s board of directors says the

conference has agreed to terms with Texas A&M and Missouri on

the schools’ exit penalties but the league’s members must still

give final approval.

Oklahoma State President Burns Hargis said Friday that the

schools agreed to the terms ”long before” West Virginia’s entry

into the conference was finalized this month.

The university’s board of regents voted Friday to grant Hargis

power to execute final settlements, and he says every conference

member must take a similar step before the arrangements are


Hargis refused to comment on terms. League bylaws call for 90

percent of the schools’ payouts over the next two years to be


Conference spokesman Bob Burda also confirmed that the

settlements had not been finalized.