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Both Texas and OU are gonna be on hook to the Big XII for $76 million
Posted on 7/24/21 at 2:22 am
Posted on 7/24/21 at 2:22 am
LINKChump change for Texas I suppose but not So much for OU I would think especially coming off Covid revenues.
This post was edited on 7/24/21 at 2:55 am
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Posted on 7/24/21 at 2:25 am to RD Dawg
quote:
but not So much for OU especially coming off Covid revenues.
Posted on 7/24/21 at 2:47 am to RD Dawg
They will negotiate it down.
Posted on 7/24/21 at 5:05 am to RD Dawg
How will Texas and Oklahoma owe the Big XII money when the Big XII won't be in existence?
Posted on 7/24/21 at 6:20 am to RD Dawg
I think the revenue from the SEC will more than compensate and loss of revenue from the big 12
Posted on 7/24/21 at 6:22 am to RD Dawg
The SEC revenue will offset loss of Big 12 revenue
Posted on 7/24/21 at 6:36 am to RD Dawg
I think it only takes a couple more teams or so to leave their conference and the grant of rights is void. I don’t see them having to pay anything.
Posted on 7/24/21 at 7:55 am to RD Dawg
Actually OU is like top 5 in actual PROFIT, so at the end of the year they have more money than UT.
Also the PAC media deal is up in 2023, ACC in 2024 so other big 12 teams will be long gone before then. No payout it happening.
Also the PAC media deal is up in 2023, ACC in 2024 so other big 12 teams will be long gone before then. No payout it happening.
This post was edited on 7/24/21 at 7:57 am
Posted on 7/24/21 at 8:01 am to RD Dawg
Chump change for A&M. Chump change for Texas. Now Oklahoma might have to go digging in the coach cushions and set up a Go Fund Me ...
Posted on 7/24/21 at 8:02 am to RD Dawg
The SEC is making a power play that will set the league up for unprecedented new media deals. $76 million is a nice chunk of money but it’s modest when you compare it to what’s coming.
Posted on 7/24/21 at 8:04 am to RD Dawg
Texas has around 60 billion in their endowment acct. basically they can pay that off in the interest money from that acct. I’m sure OU can foot the bill pretty easily also.
Posted on 7/25/21 at 8:11 pm to RD Dawg
Per this articleIt's closer to $75 million each.
quote:
should those numbers hold — Texas and Oklahoma would be on the hook for around $76 million apiece. The good news for those schools is that ESPN's David Hale wrote that the figure, "seems like a big number but would almost certainly be in the vicinity of (or maybe less than) what a new 16-team SEC would pay its members annually."
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