COLLEGE STATION, Texas — Texas A&M is looking into joining the Southeastern Conference, and contemplating remaining in the Big 12.
School President R. Bowen Loftin offered his first detailed comments Monday on the Aggies' rather public interest in joining the SEC — a move that almost surely would set off another round of conference realignment.
"We've made no decision about terminating our relationship with the Big 12," Loftin said. "This is all about what is best for Texas A&M, along with ... visibility for us and our athletes and financial resources. That's what it's all about. I think anybody in my shoes would have exactly the same kinds of concerns."
He said there is no timetable for any decision and any realignment by Texas A&M will take place after a "lengthy" process. He acknowledged that Texas A&M had approached the SEC, which has won the last five BCS championships in football but on Sunday reaffirmed its 12-school membership while leaving the door open to expansion.
"There is no bid," Loftin said. "There has never been a bid to invite us into the SEC at any time in the past and if it were to occur in the future, we would certainly want to evaluate that."
Loftin met with reporters shortly after receiving authority from the board of regents to take any action he deems necessary in terms of realignment. He said Texas A&M is looking only at the SEC right now, but didn't rule out other possibilities.
"It's not so much what's wrong with the Big 12, it's what's right for Texas A&M and where we want to go in time," he said.
The Big 12 will begin the football season in a few weeks with 10 teams after Nebraska (Big Ten) and Colorado (Pac-12) left in July, a year after a seismic shift in conference alignment. The Big 12 did not respond to requests for comment Monday, though Commissioner Dan Beebe told USA Today on Sunday that the Big 12 was interested in maintaining 10 member schools.
"We're just working hard to try to figure out how they can stay with us because of the value that institution has and the quality academic and athletic programs it offers," Beebe told the newspaper. "We'll see. We've seen the odds stacked against us before."
Loftin said he began discussing Texas A&M's interest in the SEC with Commissioner Mike Slive on July 21. A&M's departure would cast doubt on the future of the Big 12, and Loftin said he would consider the ramifications for the conference before doing anything.
"What we do, if anything, will be in the best interest of Texas A&M and the state of Texas," he said. "We're also very concerned about the members of the Big 12. We don't want the Big 12 to go away. We have no intention of doing anything that might precipitate that."
Another key for Texas A&M in negotiating with another conference would be continuing its more than 100-year-old football rivalry with Texas.Comment on this story
"That's a historic rivalry," he said. "We see no reason why it could not continue under a different conference arrangement if they chose to do so. We certainly want to make that part of any discussion we have with another conference."
Loftin said he would have to consider the financial consequences to leaving the Big 12, if Texas A&M wants to go somewhere else. The Big 12, including Texas A&M, agreed to a 13-year television deal with Fox Sports in April that is worth more than $1 billion. If the Aggies leave the conference, there is a chance the contract could be voided, which could lead to legal issues for Texas A&M and its new league.
Texas A&M also could be subject to buyout or exit fees if it bolts.
"I've read the bylaws of the Big 12 and they're confusing to some extent," Loftin said when asked about what costs could be associated with leaving. "So I think there's a lot of room to talk about what that might mean if we choose to explore that option. We have not yet begun that process yet. This is one of the steps we have to take. The issue is looking at the Iong-term and any short-term costs must be weighed against long-term costs and benefits."