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Nebraska, Big 12 agree to settlement

Updated: September 21, 2010, 10:52 PM ET
ESPN.com news services

LINCOLN, Neb. -- Nebraska's departure from the Big 12 Conference will cost the university more than $9 million.

The Big 12 and the university announced a settlement on Tuesday in which the conference will withhold $9.255 million in conference distributions rather than the estimated $19.4 million the Big 12 had sought to withhold under its bylaws.

"We feel the long-term benefits of entering into the Big Ten, both academically and athletically, will make this a very good investment," ...

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