I would like to know how I can watch the football game between Texas
and Ohio State on September 9th, 2006 online, from my PC via live streaming. I
am willing to pay for the viewing.

I am pretty sure that you can't watch live. I wonder how much the delay is.

http://www.texassports.com/index.php?s=&url_channel_id=-1&url_subchannel_id=&url_article_id=2244&change_well_id=2

Why are some events offered live while others are delayed? 
Due to Big 12 contractual television agreements, many UT streaming
events can only be shown on a delayed basis. Also in conjunction with
those contracts, certain events that are streamed on a delayed basis
cannot begin before stipulated times within the agreements.

Thanks, redhoss-ga.
I was hoping that there was a site that somehow "mistakenly" bypasses
the regulations and stream one of ABC local affiliate channels.