Kansas, Kansas State, Iowa State, Baylor and Missouri drafted a "business plan" to persuade the bigger schools to reject any interest from the Pac-10 or Southeastern Conference, Perkins said. The idea was to make sure the three Big 12 South schools would not lose any money by sticking with the Big 12.
"Five schools got together and we tried to develop a business plan like everything else," said Perkins, who did not disclose financial details of the offer. He said paying to remain aligned with Texas, Oklahoma and Texas A&M is no different from a school giving a pay raise to a coach who wins a national championship and gets other job offers.
Perkins and Kansas State athletics director John Currie both said they don`t expect the three big schools to need the money because league revenues are expected to grow in coming years.
Big 12 commissioner Dan Beebe indicated on Tuesday that the five schools had offered to give Texas, Texas A&M and Oklahoma their share of whatever exit penalty money Colorado and Nebraska wind up paying for leaving the league over the next two years.
But Perkins said the five offered to take the money out of their share of conference revenues from other sources such as television and NCAA basketball, not the penalty money.
Nebraska, which will join the Big Ten in July 2011, said it does not believe it owes any penalty money.
"The bylaw is structured as 'damages` and it`s hard for me to see that there are any damages," Nebraska chancellor Harvey Perlman said. "The Big 12 is getting more now than they did when we were a member."
Perlman wouldn`t discuss how much the penalty might be, saying "the distribution is around $9 million so you can figure it out." Colorado athletic director Mike Bohn said the school`s penalty for bolting to the Pac-10 in July 2012 "could be" around $9 million.
Big Ten now faces
COLUMBUS, Ohio -- The Big Ten had neatly drawn up its football schedules for the next three seasons before Nebraska joined the conference.
Now those dates and travel plans have all been tossed to the wind.
When conference officials and member athletic directors meet in late July or early August, they`ll face a thicket of questions in a brave, new world for the Big Ten.
With Nebraska on board as the Big Ten`s 12th member, most likely starting in 2011, what will be the divisions in football? How should the conference schedule be set up? Where will the football championship game be played? Will there be different divisional alignments to balance other sports?
"We`ll meet, talk about divisions, try to figure that piece out and talk about a process for a championship game and a location process," Ohio State athletic director Gene Smith said Wednesday. "There`ll probably be other opinions in the room."
Though Reggie Bush admitted no wrongdoing he did express regret on Wednesday over his involvement in an NCAA probe that resulted in major sanctions for Southern California`s football program. He also pledged to support USC however he could in an appeal of the sanctions.
Arkansas athletic director Jeff Long says the school has "no interest" in joining another conference amid speculation the Razorbacks could be a candidate to move to the Big 12.