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Posted on 2/3/23 at 11:10 am to Dr RC
By Dennis Dodd Feb 1, 2023 at 2:47 pm ET
The Texas, Oklahoma situation
Texas and Oklahoma recently made an offer to the Big 12 and Fox to leave the league one year early for the SEC, sources told CBS Sports this week. It was rejected. The nature of the offer was not clear.
CBS Sports previously reported the Big 12 rightsholder would have to be made whole for losing the Longhorns and Sooners early from its programming lineup. That could involve a series of nonconference games involving both schools being played in Big 12 stadiums once Texas and Oklahoma join the SEC.
Fox and ESPN hold the linear broadcast rights to the Big 12 through 2024-25. ESPN owns 63% of the value from the new $2.3 billion deal that begins in 2025. As such, it gets top picks with the four best football games each season, six of the top eight, eight of the top 12 and 12 of the top 20, according to SportsBusiness Journal. Fox, which owns the remaining 37% of the deal, receives 26 games per season. It is not clear whether Fox would get access to some of those ESPN picks if a deal was struck.
There was speculation that Tuesday's release of the 2023 Big 12 schedule was connected to the Texas-Oklahoma issue. In other words, nothing could happen until it was known when the programs would leave the league.
Not true. The league faced a deadline of early February from their rightsholders to get the schedule done. Fox and ESPN needed to start scheduling games themselves.
Meanwhile, time is running out for a potential early exit. As CBS Sports reported, Texas and Oklahoma want to leave early, but the complications are numerous.
CBS Sports LINK
The Texas, Oklahoma situation
Texas and Oklahoma recently made an offer to the Big 12 and Fox to leave the league one year early for the SEC, sources told CBS Sports this week. It was rejected. The nature of the offer was not clear.
CBS Sports previously reported the Big 12 rightsholder would have to be made whole for losing the Longhorns and Sooners early from its programming lineup. That could involve a series of nonconference games involving both schools being played in Big 12 stadiums once Texas and Oklahoma join the SEC.
Fox and ESPN hold the linear broadcast rights to the Big 12 through 2024-25. ESPN owns 63% of the value from the new $2.3 billion deal that begins in 2025. As such, it gets top picks with the four best football games each season, six of the top eight, eight of the top 12 and 12 of the top 20, according to SportsBusiness Journal. Fox, which owns the remaining 37% of the deal, receives 26 games per season. It is not clear whether Fox would get access to some of those ESPN picks if a deal was struck.
There was speculation that Tuesday's release of the 2023 Big 12 schedule was connected to the Texas-Oklahoma issue. In other words, nothing could happen until it was known when the programs would leave the league.
Not true. The league faced a deadline of early February from their rightsholders to get the schedule done. Fox and ESPN needed to start scheduling games themselves.
Meanwhile, time is running out for a potential early exit. As CBS Sports reported, Texas and Oklahoma want to leave early, but the complications are numerous.
CBS Sports LINK
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