Sep 22, 2010 2:03 AM
BOULDER, Colo. (AP) - University of Colorado regents have authorized the school's chancellor to move forward with plans for the school to join the Pac 10 on July 1.
An agreement with the Big 12, the school's current conference, would allow it to withhold $6.86 million in revenues that it would be entitled to receive before then and to join the Pac 10 a year early.
The regents made the decision during a Tuesday meeting.
Attorneys for the Big 12 and Pac 10 have been negotiating an exit strategy for weeks. CU previously announced it would switch conferences in 2012.
CU athletic director Mike Bohn insisted the move would help the university with donors and with recruiting.
(Copyright 2010 by The Associated Press. All Rights Reserved.)