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re: Both Texas and OU are gonna be on hook to the Big XII for $76 million
Posted on 7/24/21 at 8:04 am to RD Dawg
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.
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Posted on 7/24/21 at 8:09 am to biohzrd
quote:
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.
Not what endowments are used for.They have nothing to do with athletic dept expenditures.
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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