Report: Big 12 could offer more money to entice Texas, Oklahoma to stay

The Big 12 is considering measures to keep Texas and Oklahoma in the conference.

It was reported on Wednesday that the two schools had reached out to the SEC about possibly joining the conference.

In an effort to entice Texas and Oklahoma to stay, Big 12 officials have had preliminary discussions about offering extra revenue shares, Dennis Dodd of CBS Sports reports.

An additional half-share each would reportedly raise the Longhorns' and Sooners' payouts to roughly $56 million per year, while the remaining eight schools would see their payouts reduced. Big 12 schools currently average $37 million, Dodd adds.

The talks took place during a conference call with Big 12 commissioner Bob Bowlsby that did not feature representatives from Texas and Oklahoma.

Texas and Oklahoma are expected to begin the process of joining the SEC and declare their intent to leave the Big 12 within the coming days.