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.
League spokesman says it won’t seek to add Texas A&M or any other schools to its ranks, right now.
Even though they have a new quarterback and lost a few other players, the coaches feel that Gary Pinkel has a talented enough squad.
Texas struck a 20-year, $300-million deal with ESPN for the network, a move that caused some to question whether Texas was gaining too much power.
The Aggies (16-1, 3-0 Big 12) trailed by one before Khris Middleton swiped the ball from Marcus Denmon and converted a layup with 34 seconds remaining.