Texas A&M University on Wednesday officially notified the Big 12 Conference that the institution will submit an application to join another athletic conference. Should this application be accepted, Texas A&M will end its membership in the Big 12 Conference effective June 30.

"After much thought and consideration, and pursuant to the action of the (Texas A&M University System) Board of Regents authorizing me to take action related to Texas A&M University's athletic conference alignment, I have determined it is in the best interest of Texas A&M to make application to join another athletic conference," A&M President R. Bowen Loftin said in a letter  to Big 12 Commissioner Dan Beebe in the letter dated Thursday.

"We appreciate the Big 12's willingness to engage in a dialogue to end our relationship through a mutually agreeable settlement," Loftin added. "We, too, desire that this process be as amicable and prompt as possible and result in a resolution of all outstanding issues, including mutual waivers by Texas A&M and the conference on behalf of all the remaining members."

A move by the Aggies has been expected for several weeks and reports have accelerated in recent days that they plan to join the Southeast Conference.

The Big 12, including Texas A&M, agreed to a 13-year television deal with Fox Sports in April worth more than $1 billion. There is a chance the contract could be voided if the Aggies leave the conference, which could lead to legal issues for Texas A&M and its new league.