Update

Texas denied the Pac-10's invitation to join the conference, so that means the Big 12 is saved. The remaining schools in the Big 12 met to work on a TV deal. The deal likely will keep the Big 12 together for good. The Pac-10 will stop at nothing to benefit from this whole "realignment" scare, so they've raided the Mountain West. Utah is expected to join the Pac-10 as its 12th member