Colorado is officially leaving the Big 12 for the Pac-10 as early as Thursday, according to ESPN's Joe Schad.
The Boulder Daily Camera, citing multiple sources, said an announcement was scheduled for Friday with league officials scheduled to be in attendance. Athletic director Mike Bohn secured an invitation during a meeting in Denver on Tuesday.
While Baylor took its case to the public, CU officials quietly worked behind the scenes to procure an invitation from the Pac-10 and were successful.
Though the move is doubtful to be the Big 12's official end, a possible announcement by Nebraska later this week could do it.
A Big 12 coach said Wednesday night that an anticipated Nebraska announcement of moving toward the Big Ten Thursday would indeed trigger the death of the Big 12 and a mass migration west.
"If Nebraska leaves," the coach said, "everyone has to look."
Rumors of Colorado's interest in the Big 12 had been rampant for months. Today's news makes those an apparent reality. Meanwhile, in Waco, the future looks grim for Baylor, who may be left shopping for membership in a league without an automatic BCS bid, which would have a significant negative impact on the conference revenue given to the school.
UPDATE (12:20 p.m.): The Pac-10 has issued a release announcing Colorado's Pac-10 membership.
“This is an historic moment for the Conference, as the Pac-10 is poised for tremendous growth. The University of Colorado is a great fit for the Conference both academically and athletically and we are incredibly excited to welcome Colorado to the Pac-10,” said Commissioner Larry Scott.
A press conference is scheduled for 1 p.m. ET on Friday at Folsom Field.