A USA Today report indicates the Big 12 opted for a more amicable and less financially beneficial split than the league bylaws specified.
The Big 12 said Oklahoma and Texas were slated to forfeit a combined $100 million in revenue distribution when it was announced in February the schools were leaving the conference andThe USA Today report indicates the Big 12 opted for a more amicable and less financially beneficial split than the league bylaws specified, with the conference telling the outlet that “more than $80 million of that is based on money the schools will not get in 2024-25, the year after the move.
There’s likely some angst or head-scratching in Big 12 country over Brett Yormark and the league office electing not to be more stringent over the exit withholdings of the two departing members, especially considering all of the returning members are accepting reduced payouts to fund the four newcomers in 2023 .
“After Texas and Oklahoma made the decision to change conferences, those schools, along with the Big 12 and SEC, chose to accelerate the process and transition a year earlier,” ESPN said in a statement to USA Today. “At that time, the media partners were brought in to reach a resolution that would satisfy all parties for the 2024-25 season.”
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