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ESPN: Colorado, Big 12 agree to early exit

The Big 12 will become a 10-team league next year after all in the wake of an agreement on Tuesday by Colorado to forfeit more than $6 million in conference payouts in order to leave the Big 12 after the 2010-11 academic year. Colorado plans to leave for the Pac-10 on June 30, 2011 and have $6.863 million withheld from its conference revenue.

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