Big 12 administrators reportedly make changes to entice Texas, Oklahoma to stay
The Big 12 is not giving up just yet.
Big 12 officials have discussed a structure in which Texas and Oklahoma would receive additional revenue shares as a way of enticing the two schools to remain in the conference rather than pursue a future in the SEC, conference sources have told CBS Sports.
Dennis Dodd laid out the structure this way: The Longhorns and Sooners would receive an additional half-share annually (1.5 shares each), bumping their payouts to approximately $56 million per year. The other eight schools would decrease their payouts accordingly. Big 12 schools currently average $37 million in annual TV rights earnings, including revenue from bowl games and the NCAA Tournament.
Still, all indications are that Texas and Oklahoma are expected to inform the Big 12 on Monday of their intent to not renew their grant of rights agreements with the league, effectively indicating their departure from the conference. That agreement lasts through the 2024-25 athletic season.
While the exit timeline remains an unknown, the money those blue bloods would pay is staggering, an estimated $80 million presuming they actually leave the Big 12 before the current TV rights deal expires.
The money move to the SEC is reportedly around $60 million per school with Texas and Oklahoma in the SEC, compared to the average $44 million currently in the SEC.