Break out your spurs and cowboy hats, everybody. Looks like this will be official very, very soon.

The Big 12’s Board of Directors had meeting Tuesday to detail the transition from Missouri to WVU, according to a Big 12 source. Officials from that conference will be on WVU’s campus Wednesday for a press conference to make an official announcement.

WVU could be subjected to the Big East’s exit fee and waiting 27 months before it can leave, but separate sources said the Big 12 and WVU both hope to have the Mountaineers in the conference for the 2012-13 athletic year.

WVU was part of the unanimous vote last week to increase the exit fee from $5 million to $10 million once the Big East added a school. However, WVU will only have to pay the original $5 million because no team has joined the Big East.

If the Big East announces an addition before WVU announces it will join the Big 12, WVU would have to pay $10 million, but a person close to the process said the university is confident that will not happen.