@cylclSoneU - are you going to answer this question? Or is this like when you said espn lawyers would have these great arguments and not pay anything out?
I thought even you could figure it out because it's incredibly simple. The league will line up its TV deal beginning 2025 or whatever. Let's say $20MM per year per school; could be different but that makes for easy math. That's $240MM to the Big 12 per year; if the contract is more than 4 years (and it will be) it's more than a billion dollar contract.
Boise/BYU/Cincinnati/UCF are added on half shares for like five years. So they get $10MM and the other eight split $200MM, or $25MM.
Meanwhile the league has loaned Boise, Cincy, and UCF a collective $32MM which is a drop in the bucket when borrowed against a more-than-billion-dollar TV contract. The other eight schools could easily pay themselves back in a year by taking $21MM instead of $25MM for the first year and then up to $25MM for the remainder of the half share period.
Meanwhile those three take a $2MM haircut for six years to repay the loans. So their $10MM becomes $8MM.
Seeing as Boise is currently making $6MM and Cincy/UCF are making $7MM in their current conferences, they still make more money even after the exit fees and half shares, and in 5-6 years (or whatever) when the loans are repaid and the initial half-share period is over, their $8MM goes up to $20MM.
The biggest takeaway here is that you don't think a league that is going to sign a ten-figure contract can figure out how to loan out $30MM lol