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The next 4 SEC seasons won't have Oklahoma or texas....
Posted on 7/31/21 at 1:01 pm
Posted on 7/31/21 at 1:01 pm
Why are we having so much trash talk? They are still wimpy big 12 teams until 2025
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Posted on 7/31/21 at 1:04 pm to CatsGoneWild
They will buy there way out and be playing in the SEC in 2022 no matter what..
Posted on 7/31/21 at 1:19 pm to Ttazhorn
Is there any doubt that the complete failure of the Longhorn Network caused Texas to leave the Big 12?
ESPN will eat the Longhorn contract and the Big12 contract.
Positives: ESPN will consolidate and pay less for more
ESPN will eat the Longhorn contract and the Big12 contract.
Positives: ESPN will consolidate and pay less for more
Posted on 7/31/21 at 1:23 pm to Poichess
Surely you don't actually believe this.
Posted on 7/31/21 at 1:24 pm to CatsGoneWild
quote:
Why are we having so much trash talk? They are still wimpy big 12 teams until 2025
Next year will be an awkward mess. No way UTx and OU aren't part of an SEC full slate of conference games in 2022.
Just from what is being reported:
Option A: rest of the bigger names scramble to higher ground vs being relegated to non-Pwr 4 status. If 75% of the conference votes to leave, the bylaws dissolve the conference and no buyout exists.
Option B: ESPN pays the buyout out for both out of monies owed UTx from Longhorn network.
quote:
ESPN still owes the University of Texas roughly $160 million on the 20-year $300 million contract for Longhorn Network. That money could then be used by Texas and Oklahoma to pay the roughly $140 million the two schools would owe the Big 12 to leave for the SEC immediately.
ESPN pays out the contract and then gets TX plus OK tv rights via their deal with SEC. Next season will be an awkward, heated shite show in the Big 12. But, it's easy to see why the Big 12 is interested in "cease and desist" orders to avoid ESPN tampering in either case. If it weren't so late in the year now, they may have made a push for 2021 realignment.
This post was edited on 7/31/21 at 1:26 pm
Posted on 7/31/21 at 1:53 pm to Che Boludo
quote:
Option A: rest of the bigger names scramble to higher ground vs being relegated to non-Pwr 4 status. If 75% of the conference votes to leave, the bylaws dissolve the conference and no buyout exists.
The Big 12 agreement is written in such a way that if there is only 1 school remaining, it would have the right to receive all contracted-for amounts - which is somewhere in the neighborhood of $1.28 billion over the next 4 years. ESPN would have to succeed in destroying the entire conference for that to go away. And it won't. Because at least 1 school will want either the entire $1.28 billion or its share of it.
Posted on 7/31/21 at 2:05 pm to CatsGoneWild
They will play in the SEC next season.
Posted on 7/31/21 at 2:21 pm to Poichess
quote:
The Big 12 agreement is written in such a way that if there is only 1 school remaining, it would have the right to receive all contracted-for amounts - which is somewhere in the neighborhood of $1.28 billion over the next 4 years
Where is that being reported? Haven't seen it, and the bylaws support the available reporting in that they state a supermajority (defined as 75%+) can approve "The dissolution, liquidation, winding-up, merger, sale, or transfer of all or substantially all of the assets of the Conference"
not saying your wrong, but would like to see that nugget if you have itThis post was edited on 7/31/21 at 2:32 pm
Posted on 7/31/21 at 2:26 pm to Che Boludo
Does the $76 Million number include rights for the 21-22 school year?
Posted on 7/31/21 at 3:00 pm to Che Boludo
quote:
not saying your wrong, but would like to see that nugget if you have it
LINK
quote:
Existing TV contracts provide further complications. In addition to the SEC's upcoming contract with ESPN, the Big 12 grant of rights agreement includes a clause designed to dissuade teams from looking elsewhere. Should a team leave before the end of the 2024-25 year, "that school's media rights, including revenue, would remain with the Big 12 and not its new conference."
They forfeit 4 years of conference revenues (about $160 million). Further, if they leave before 2025, the money they earn from their new conference would also be payable to the remaining Big 12 schools for that period. UT and OU didn't read that portion of the contract.
Posted on 7/31/21 at 3:20 pm to Poichess
I'm not disputing that. However, nothing in that addresses the ability to dissolve the conference and its assets with 75% vote (specified in the bylaws), which would free all of early exit fees and any existing media rights obligations because there would be no conference.
If 6 other schools quietly shop around for homes and those 6 + UT/OU call a vote, the conference could be dissolved after this athletic year. And, all walk away clear. No?
If 6 other schools quietly shop around for homes and those 6 + UT/OU call a vote, the conference could be dissolved after this athletic year. And, all walk away clear. No?
This post was edited on 7/31/21 at 3:22 pm
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