Texas A&M has stated Tuesday the university did not send a formal letter of withdrawal to the Big 12 board, contrary to a report in the New York Times.

The Aggies formally notified the Big 12 last week that the school was exploring a departure to the Southeastern Conference. The SEC school’s presidents must still approve Texas A&M’s entry into the 12-team conference, while A&M must also negotiate an exit fee with the Big 12, which is expected to be between $10 and $15 million dollars.

The Big 12 board announced the conference has formed a committee to discuss schools that could replace Texas A&M if the Aggies leave the league. Big 12 board chairman Brady Deaton said Tuesday that the committee could also address the possibility of expanding the conference even if Texas A&M stays put.

Texas A&M said Monday it had received a letter from Big 12 commissioner Dan Beebe outlining the withdrawal procedure should the Aggies decide to leave the league.

Texas A&M school spokesman Jason Cook said on Monday that the letter "outlines the withdrawal procedures according to the financial provisions of the Big 12 bylaws and mutual waivers of legal claims."

The SEC said earlier this month it was happy with its current 12-school membership but left the door open to expansion. Texas A&M president R. Bowen Loftin then received authority from the university’s board of regents to take any action he deems necessary in terms of realignment.