Big 12 bounces back, lives to play again

Staring at extinction, the Big 12 is once again in play.

The beleaguered conference made a rousing comeback Monday, when Texas declined an invitation to join the Pac-10 and decided to stay in the Big 12.

Oklahoma, Oklahoma State and Texas A&M quickly followed the Longhorns by recommitting to the conference after commissioner Dan Beebe convinced his members they would make more money in television and media deals in a 10-team Big 12 then in a 16-team Pac-10.

A person with direct knowledge of discussions among the Big 12's remaining members said Texas is clear to set up its own TV network and keep all proceeds in exchange for remaining in the …