The Houston Chronicle is reporting (not just rumors, but claiming sources, FWIW) that Nebraska has been offered and will accept membership in the Big Used-to-be-10-or-11. (Then again, they could be the only Big 12 now!)
Other interesting bits:
Texas and Texas A&M haven’t ruled out becoming members of the Southeastern Conference, the source said. UT officials confirmed Wednesday there is a meeting scheduled between A&M and UT on Thursday to discuss their courses of action. That could include pushing for Baylor to be a part of the Pac-10.
Colorado is preparing to announce that it will join the Pacific 10, the source said, as a preemptive strike to Baylor making a push through Texas lawmakers to join the other five Big 12 South schools in forming a Pac-10 south division [...]
UPDATE (N): Now looks like the Chicago Tribune has some concrete reporting as well that Nebraska to Big-10 is all but a done deal:
The Big Red will be joining the Big Ten.
A source with knowledge of the expansion talks has confirmed to the Tribune that Nebraska will be invited to apply for Big Ten membership.
The league has not determined, the source said, whether it will remain at 12 schools or expand to 14 or 16.
Big Ten commissioner Jim Delany said Sunday that the league "could act and act again" - meaning that expansion could occur in phases.
Act I is set: Nebraska will join the conference of Bo and Woody.
Meanwhile, the The LA Times is now citing a Pac-10 source that says that the deal is "lock and loaded" and that CU would still be the number one choice if the Big 12 South schools were to turn down the offer (lifting the excerpts and topline straight from Ralphie Report):
With Nebraska reportedly headed to the Big Ten Conference, the Pac-10 is poised to extend offers to six current Big 12 Conference members, ramping up its numbers to 16.
Pac-10 Conference officials declined to talk about the deal on the record because of the sensitive nature of negotiations, but one with knowledge of the plan said, "It's locked and loaded.
Even if Texas and others decide to stay in the Big 12, the Pac-10 would still make a move to expand by two schools, sources said, with Colorado being the No. 1 target.
Might as well make this an all purpose conference expansion open thread.