Texas A&M has notified the Big 12 of its intention to leave the Big 12 for "another conference" Wednesday morning. Here's the official letter.
The school's official entry into the SEC beginning in 2012 could come as early as next week. For Texas A&M to be accepted, nine of the conference's 12 presidents would have to vote in the Aggies.
For now, it's about A&M extricating itself from the Big 12. The Big 12 and A&M are not through with negotiations on an exit penalty, but the school went ahead and announced its intentions. According to league bylaws, A&M owes $28 million to leave the Big 12. However, a source told CBSSports.com that he expects the final amount to be between the $9.2 million that Nebraska paid last year and the $28 million.
If A&M gets into the SEC, the next question is whether the league temporarily goes to 13 or announces a 14th team to balance the league. The smart money says that the SEC takes its good old time -- because it can.