According to the Boulder Daily Camera and Neil Woelk, the Colorado Buffaloes are set to announce their acceptance of a Pac-10 invite:
It's a done deal.
The University of Colorado will announce at an 11 a.m. Friday press conference that the school will leave the Big 12 and join the Pac-10.
Multiple sources confirmed the deal to the Camera early Thursday, and league officials are scheduled to be in Boulder on Friday for the announcement.
The new league will have at least 12 teams, and likely 16. Texas, Texas A&M, Texas Tech, Oklahoma and Oklahoma State are also still on the Pac-10's docket, and most observers believe those schools are also ready to make the move to West Coast-based conference. The expanded conference would likely debut in time for the 2012 football season.
Colorado officials have spent the week working behind the scenes to make sure the school was part of the Pac-10's expansion plans. The deal was finalized Wednesday after CU's board of regents gave athletic director Mike Bohn the go-ahead to secure an invitation at a meeting Tuesday night in Denver.
Speculation has mounted for the last week that Colorado would be part of the Pac-10's massive expansion. The Camera reported last week that CU would be part of a six-team deal that would also include Texas, Texas A&M, Texas Tech, Oklahoma and Oklahoma State.
Here is the Pac-10 press release: