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Big 12 commissioner: 'We're exploring all options' (0:27)

The Big 12 is looking at all options in regards to further expansion. The beginning of the story

11:11 AM ET

The Big 12 is exploring all options when it comes to further expansion, including the possibility of adding the Pac-12.

Yormark was asked if they were open for business and if they were considering schools from the Pac-12. It's good. We're looking through all of them. I think it's fair to say I've gotten a lot of calls. Those levels of interest are being explored. There is nothing happening.

With USC and UCLA leaving the Pac-12 for the Big Ten, conference realignment remains at the forefront of discussions for university presidents, chancellors, athletic directors and conference Commissioners The Pac-12 board of directors authorized the 10 schools that will remain in the league to explore expansion options and begin negotiations for its next media rights agreement in the wake of the shocking news about two of their flagship programs leaving.

The 10 university presidents and chancellors are committed to a shared mission of academic and athletic excellence.

One of the most tumultuous times in the history of college athletics will be over on August 1 when Yormark takes over the position. He said that positioning the league for its upcoming media rights negotiation is the most important thing.

"We will leave no stone unturned to drive value for the conference," said Yormark, who sat next to Bowlsby on stage.

The conference is a very unified group according to Yormark. On July 1, 2023, the Big 12 will add four new teams.

The Big 12 distributed a record amount of money.

Yormark believes that the conference is in the best position it has ever been in. Bob is leaving us in good shape.

Bowlsby, who usually begins the media days with a "state of the conference" address, joked about his previous comments.

Bowlsby had seen the board during his 10 years with the Big 12. After Texas and OU announced they were going to the SEC, I took my assessment of calm waters for what they're worth.

Texas and Oklahoma will join the SEC on July 1, 2025. He is looking for a win-win scenario for everyone.

It's important that whatever happens is in the best interest of the conference, but I look forward to the right time to have those conversations.