Texas, Oklahoma, Oklahoma State and Texas Tech are in talks with the Pac-12, multiple sources tell Orangebloods.com.
A source close to Texas and another one of the four schools says if Texas was to go to the Pac-12 it would be allowed to keep a "modified" version of the network.
Texas would be allowed to keep most, if not all, of its third-tier revenue under a formula being devised as long as the other schools in the Pac-16 meet a certain threshold of revenue, sources said.
The Pac-16 would most likely be divided into four-team pods with Texas, Oklahoma, Oklahoma State and Texas Tech in one pod; Arizona, Arizona State, Colorado and Utah in another pod; Oregon, Oregon State, Washington and Washington State in another pod; and USC, UCLA, Cal and Stanford in the other pod, the sources said.
The sources said the schools would play every other school in their pod and then face two other schools from the other pods (with those two teams from the other pod rotating every two years, so there would be home and away games) to form a 9-game conference schedule.
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