Memphis's $200M Big 12 bid rejected amid conference disinterest

TL;DR Summary
The Big 12 has declined Memphis' $250 million offer to join the conference, indicating that the school’s attempt to buy its way in is unsuccessful and that previous vetting remains unchanged, despite Memphis's lucrative offer and efforts to join the Power Four leagues.
- Big 12 'not interested' in Memphis' $250 million effort to join conference On3
- Memphis releases statement after Big 12 rejection, says Tigers athletics 'stronger than ever' The Commercial Appeal
- Memphis' bid to join Big 12 falls short as conference leaders rebuff $200 million proposal from school CBS Sports
- Memphis makes $200 million proposal to join Big 12, per report Daily Memphian
- Memphis’ Big 12 pitch, including $200 million in sponsorships, isn’t gaining traction: Sources The New York Times
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