Big 12 Conference commissioner Dan Beebe is working on an agreement to leave his position, the Kansas City star reported Wednesday night.
The Star cited two sources with knowledge of Beebe's decision.
Beebe received a raise from $661,000 to $997,000 in 2009 before the Big 12's first near-breakup, when Colorado joined the Pac-12 and Nebraska jumped to the Big Ten. He received a three-year contract extension through 2015 last November.
The Oklahoman reported Tuesday that the University of Oklahoma would only commit to staying in the Big 12 if the conference ousted Beebe as commissioner and added regulations on ESPN's Longhorn Network.
The Big 12's board of directors is scheduled to meet on Thursday.
Beebe, the league's third commissioner, has been the Big 12's commissioner since 2007 and served as senior associate commissioner of the conference since February 2003.
He was the Ohio Valley Conference commissioner from 1989-2003 after working with the NCAA as the Director of Enforcement.