The Big 12 will survive with ten teams as Texas, Texas A&M, Oklahoma, and others have pledged to remain in the conference. This has been confirmed by ESPN and other outlets. The question now is why Texas and Texas A&M chose to stay in the conference.
...sources say UT officials have vowed that if A&M turns down its invitation to the Pac-10, breaks away from UT and goes to the SEC, Texas won't schedule the Aggies in anything anytime soon.Texas A&M's athletic identity revolves around hating Texas. Ending the rivalry with Texas would likely be detrimental to Texas A&M in the long term as losing its only important rivalry would weaken fan support. To put it another way, Texas A&M losing its rivalry with Texas would be like Michigan State losing its rivalry with Michigan, only worse.