According to multiple reports, TCU's board of trustees will meet as early as today to discuss and vote upon an invitation to join the Big 12 Conference.
The Fort Worth Star-Telegram reports that a meeting could take place this morning and an announcement could be released as early as this afternoon:
One source in TCU's athletic department said the meeting could happen Monday morning, leaving the possibility that an announcement could come as soon as Monday afternoon. But another suggested a 5 p.m. meeting could likely set up a Tuesday announcement that TCU will join the Big 12 in July.
The Big 12 officially invited the Horned Frogs on Thursday, moving to replace departing Texas A&M, who will join the Southeastern Conference in 2012, to keep the conference at at least ten teams. Current member Missouri is exploring its options to leave the Big 12 as well.
Earlier this year TCU accepted an invitation to join the Big East, and would have to formally "exit" that conference despite having never played a game in any sport as an official member. Per ESPN Dallas:
A source told ESPNDallas.com last week that TCU would have to pay a $5 million exit fee to leave the Big East, but would be able to join the Big 12 in time for the 2012-13 athletic year.