re: Houston, UCF, Cincinnati to Join Big 12 Next Summer

Is a few extra million really worth becoming perennial doormats?

Hell, you could pay your exit fees in one year. What is the problem?

That was probably the second fewest points that Bama scored all year

quote:

---

It would be foolish to waste it and any legit BOR would not allow.

---

not allow it.

It isn't just about paying a huge buyout,which Texas could do. A Grant of Rights is in place. Texas and OU would forfeit their SEC TV money for 2024 and 2025 to the Big 12.

quote:

---

Texas and OU would forfeit their SEC TV money for 2024 and 2025 to the Big 12

---

Only if the Big XII is somehow included in the SEC TV contract - something I doubt is ever going to happen. Otherwise, they have no claim to any SEC TV money whatsoever. The only thing they can do is get an estimate of what they would have made based on the GOR and existing Big XII contract, had OU/UT stayed in.

Note that this doesn't make it any easier for either of us to leave. Indeed this means there's really no incentive for ESPN or OU/UT to really do anything until the SEC's gets their new contract with them going in 2024. Then it's finally probably financially worth it for everybody to just pay up and move on.

You guys realize that 2023-24 schedules are basically finalized. 2025 is only three years out. I don’t think the timetable is going to change. 2025 will work just fine.

quote:

---

So tu and Okie will be joining the SEC next summer.

---

There’s absolutely no way that happens. t.u. has made everyone left in the Big12 feel cheated and robbed. They diverted funds by creating their own network making it so only a few teams had the money they needed. And now, they leave, thus harming the conference further.

The Big12 teams will absolutely make them pay every penny of their buyout clause.

They are stuck there until 2025.

That will give UCF time to beat the dog shite out if OU and Texas?*

quote:

---

Unless the Big 12 waives the right to it, if Texas and OU leave the Big 12 before 2025, the Big 12 has legal right to all of the TV revenue these 2 schools would get from the SEC.

---

quote:

---

This is Rich considering I pointed this out on day one and your idiot fans kept repeating over and over that their lawyers would get them out of that.

---

So simplest scenario: An entity sells its media rights to organization 1. Org 1 makes some nice coin selling those rights onward. They pay some of that back to the entity. The entity then later sells its media rights to organization 2. Org 2 makes some nice coin selling those rights onward. The entity is paid money from Org 2. Org 1 says to org 2, "Hey we've got a contract here with the entity that says we are the only ones to pay for and sell onward those rights". Org 2 replies, "Oh? Show us where we signed that contract." Org 1 says timidly, "Well you didn't sign it, but the entity did." Org 2 says, "Sounds like you need to take that up with the entity". The end.

Now, I'm not saying there isn't plenty of fodder for lawsuits here. And I sure as heck am not going to postulate who would 'win' or, far more likely, how the eventual settlement would play out. I'm just saying that from the most basic logic, you can see how the SEC won't be paying the anybody, much less the Big XII, a dime if they get into their own deal with OU/UT.

OU/UT on the other hand.... Well, they seem to be on the hook for the estimated amount that the Big XII would have made for 2 years had they stayed. Atleast according to the GOR. That's where the ~80 million amount comes from that's being floated around. This particular situation is bit more muddled because ESPN has already, no matter who goes where or when, got a big chunk of those rights on contract now, or lined up in the next year or two.

If you just follow the money and the numbers, without paying any attention to feelings, fans, or 'awkwardness' or whatever, then the cheapest scenario for everybody involved looks to be OU/UT leaving one year early (2024), paying the 80 million from their new found wealth from being in the SEC. It looks like the Big XII's media might also end up landing in their entirety in ESPN's lap as well, although that is far more speculative at this point. But you can easily imagine that since it's likely that ESPN is eventually going to be the end consumer of all, or the vast majority, of that media anyway, they would take steps to sugar coat the whole process (leaving the courts out of it) to get it done as efficiently as possible so they can start initiating their own tsunami of money.