Big 12 commissioner Bob Bowlsby announced Sunday that the conference’s executive committee met with the presidents of Oklahoma and Texas.

Bowlsby issued a press release:

The Big 12 Conference Executive Committee, consisting of Big 12 Board of Directors chairman and Texas Tech University President Lawrence Schovanec and Baylor University President Linda Livingstone; and Commissioner Bob Bowlsby met by video conference Sunday afternoon with University of Oklahoma President Joe Harroz and University of Texas President Jay Hartzell.

“The meeting was cordial, and the Executive Committee expressed a willingness to discuss proposals that would strengthen the Conference and be mutually beneficial to OU and UT, as well as the other member institutions of the Conference,” Bowlsby stated in the release. “I expect that we will continue our conversations in the days ahead and we look forward to discussing thoughts, ideas and concepts that may be of shared interest and impact.”

The statement does not detail what “proposals” could be discussed. On Saturday, Dennis Dodd of CBS Sports reported that the conference had come up with a new revenue-sharing plan to entice Oklahoma and Texas to stay in the Big 12 instead of leaving for the SEC:

[G]rant the Longhorns and Sooners an additional half-share annually (1.5 shares each), bumping their payouts to approximately $56 million per year. The other eight schools would decrease their payouts accordingly. Big 12 schools currently average $37 million in annual TV rights earnings, including revenue from bowl games and the NCAA Tournament.