In a statement, the Big 12 said its board of directors and Beebe reached a “mutual agreement” for Beebe to leave the job immediately.
With no solution in sight, the Big 12′s future is very bleak. Yet, the University of Missouri has tried to remain optimistic.
“We are being held hostage right now,” Texas A&M President R. Bowen Loftin said on Wednesday.
The Big 12 is being whittled into extinction. The Big East and the Atlantic Coast Conferences are twisting in uncertainty.
It was not immediately known which Big 12 school had raised the legal issues. The Big 12 did not return a message left seeking comment.
If Mizzou remains reactive it could hurt the school and the state by winding up as a part of a Non-BCS conference.
Texas A&M, which has been in the Big 12 since its founding in 1996, said it will submit an application to join another, unspecified conference.
While the Aggies are looking to improve their standing, the Mustangs are ready to prove that they belong in a BCS conference.
The statement by the school spokesman comes a day after The New York Times said on Monday night that university President R. Bowen Loftin sent a letter to inform the league it was leaving.
Texas A&M could formally announce as early as this week that it is leaving the Big 12.