The Big 12 will withhold a portion of Baylor's future revenue until the conference is assured changes to institutional controls are in place.
Big 12 board of directors chair and Oklahoma president David Boren said expansion by both two and four schools will be on the table moving forward.
Commissioner Bob Bowlsby, speaking at the start of Big 12 media days, said Baylor officials have declined to release the full Pepper Hamilton report, offering only a summary to the conference.
The Big 12 reached unanimous agreement on a new tiebreaker process Wednesday that ensures the conference will no longer have co-champions.
Big 12 commissioner Bob Bowlsby said that despite the exclusion of Baylor and TCU from the College Football Playoff, the conference does not plan to expand to 12 simply to create a title game.
The Big 12 commissioner says the conference will reconsider how to declare its champion after being left out of the four-team college football playoff.
