Nebraska, Colorado pay millions to leave Big 12

The Big 12 will be rid of the Nebraska Cornhuskers and Colorado Buffaloes sooner than later. There’d been some question as to whether Colorado would have to stay in the Big 12 next year. Nope.

The Big 12 struck a deal with the schools yesterday to be officially done with them by July 1, 2011, and the league is getting paid — just not as much as it had sought.