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Colorado, Big 12 agree to early exit

Updated: September 22, 2010, 1:42 AM ET
ESPN.com news services

The Big 12 will become a 10-team league next year after all in the wake of an agreement on Tuesday by Colorado to forfeit more than $6 million in conference payouts in order to leave the Big 12 after the 2010-11 academic year.

Colorado plans to leave for the Pac-10 on June 30, 2011 and have $6.863 million withheld from its conference revenue.

Colorado initially planned to leave for the Pac-10 after the 2011 season, but Nebraska's announced plans to move to the Big Ten after the 2010 ...

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