Texas A&M officials received a letter today from Big 12 commissioner Dan Beebe, outlining withdrawal procedures according to the financial provisions of Big 12 bylaws and mutual waivers of legal claims.
The letter, received in response to A&M’s Thursday request for withdrawal procedures, should help expedite A&M’s apparent move to the Southeastern Conference.
In a statement released today, A&M president R. Bowen Loftin stressed that it is “not our intent to prolong our conference exploration for an extended period of time.” Sources at both A&M and the Big 12 have suggested that, because of the mutual waiver of legal claims in regard to a possible A&M move to the SEC, an announcement in regard to the school’s application for SEC membership could occur by the end of the week.
In Monday’s statement, Loftin said: “I certainly appreciate the discussion among the Big 12 presidents/chancellors (during Saturday’s teleconference) and the expression for their desire for Texas A&M to remain in the conference. We all agree that Texas A&M is an extremely valuable institution; thus, it is incumbent upon me, as the president of the university, to ensure that we are in a position to enhance our national visibility and future financial opportunity. While this is a complex and long-term decision, it is not our intent to prolong our conference exploration for an extended period of time.”
_ Jimmy Burch
Read more:
http://sportsblogs.star-telegram.com/colleges/2011/08/am-receives-letter-from-big-12-confirming-mutual-waivers-of-legal-claims-taking-next-step-toward-pos.html#ixzz1WSYbqB3h 
<--- me waving goodbye
