"We think the time has come for us to change conferences," CU President Todd Saliman told the board."We see this as a time to create more opportunity" for the university.
The resolution passed by the board of regents Thursday green-lights Saliman and CU Chancellor Phil DiStefano to formally apply for membership with the conference. The Big 12 had been in contact with Colorado about a potential move for weeks, according to The Associated Press. Big 12 commissioner Brett Yormark has been vocal in recent months about his desire to expand, including targeting teams from the west.
The exit of those schools was estimated to cost other Pac-12 members as much as $13 million per year in media rights money.
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