OK, so got something more to report back on. Again, not 100% certain, but this is what I am being told is possible.
Paint a picture first--starting with this;
A&M Announces might leave and is exploring options. Asks BIG XII what protocol to leave:
http://www.tamu.edu/athletics/big12Exploration.html" onclick="window.open(this.href);return false;
Big XII counters with an announcement of its own:
http://www.big12sports.com/ViewArticle.dbml?DB_OEM_ID=10410&ATCLID=205250520" onclick="window.open(this.href);return false;
Rumor is, that the Big XII TV Deal with Fox requires 10 teams or would trigger a renegotiation. That deal pays all teams in the league $9M per year--shared equally. This is for secondary rights. ESPN holds Primary right with a deal through 2014.
Hearing ESPN And Fox are on board with BYU joining should A&M make it official and leave. The rumor I was told is that it could happen as soon as this weekend, should A&M bolt tomorrow because Big XII wants to look proactive on this.
TH has been careful with comments about no talks with Big XII--not been approached by them. Does not mean has not been approached by 3rd parties, and he would not speak on that when asked previously.