“After careful review we have determined that it is in the best interests of our member institutions, student-athletes and fans to remain a 12-team conference,” Commissioner Larry Scott said in a statement. “While we have great respect for all of the institutions that have contacted us, and certain expansion proposals were financially attractive, we have a strong conference structure and culture of equality that we are committed to preserve.”
The PAC-12 controls ALL media rights for all of its schools and the revenue is shared equally. Texas wouldn't agree to put the Longhorn Network under PAC-12 control or share the revenue, so the PAC-12 said 17 you Texas. You're not coming unless its under our terms. And Oklahoma, sorry but without Texas we're really not that interested in you any more either.we have a strong conference structure and culture of equality that we are committed to preserve