Several outlets are reporting that TCU has been extended an invitation by the Big 12 conference, and that it plans to accept.
TCU was scheduled to join the Big East on July 1, 2012, but instead will join the Big 12. By leaving the Big East before it officially became a member, TCU will have to pay a $5 million exit fee but is not bound by the Big East’s 27 month requirement for notification.
The bigger news, as far as Louisville is concerned, are reports that if Missouri opts to not jump to stay in the conference, the league is content to cease expansion and stay with ten teams. If Missouri does leave for the SEC, the word is that the Big 12 will look to expand back to 12. BYU, Louisville, West Virginia and Cincinnati appear to be the top candidates in that case.
Losing TCU doesn't quite kill the Big East, but if Louisville or West Virginia get an invite and leave, it's done.