Texas & Oklahoma leaving in 2024, period.

[RustShack]

This is just how negotiations work, it’s possible they come to an agreement still.

For sure.

 

[surly]

2/9/2023 6:36:00 PM

Big 12 Announces Agreement for Withdrawal of Oklahoma and Texas​

The Big 12 announces that the Conference has agreed in principle to terms with the University of Oklahoma and The University of Texas at Austin to leave the Conference following the 2023-24 athletic year, one year earlier than originally announced, subject to final approval from the OU and UT governing Boards. Compensation to the Conference for the early withdrawals of the two schools totals $100 million in foregone distributable revenues, which OU and UT will be able to partially offset with future revenues.

 

[SCNCY]

So I wonder how this compares to what we were expected from a strict contract standpoint?

 

[Nor'easter]

Shoulda went for more (me who has never negotiated multi million dollar deals)

 

[aeroclone]

 

[ISU4Life]

Good, sit on these on the way out.

 

[Die4Cy]

That reads like OU and UT won't get paid their media money by the conference this year, plus will need to pay the balance of what they owe after they move to the SEC?

That's gonna sting in the short term.

 

[cycophagus]

2/9/2023 6:36:00 PM

Big 12 Announces Agreement for Withdrawal of Oklahoma and Texas​

The Big 12 announces that the Conference has agreed in principle to terms with the University of Oklahoma and The University of Texas at Austin to leave the Conference following the 2023-24 athletic year, one year earlier than originally announced, subject to final approval from the OU and UT governing Boards. Compensation to the Conference for the early withdrawals of the two schools totals $100 million in foregone distributable revenues, which OU and UT will be able to partially offset with future revenues.

Here is the coverage in The Athletic

OU, Texas reach deal to exit Big 12 in 2024

The schools will forfeit a combined $100 million in revenue distribution, which OU and UT will partially offset with future revenue.

theathletic.com

 

[1100011CS]

That'll help the per school payout.

Do the 4 new schools get a chunk of that?

 

[KnappShack]

Another big win for Brett Yor-Motherfucking-mark!

The conference hit a grand slam and then some with his hire.

 

[PickSix]

So I wonder how this compares to what we were expected from a strict contract standpoint?

No idea. However, the guy who broke the story was on a podcast earlier in the week and was conjecturing on what the number may be. $100 mil was on the high end of what he thought were the possibilities.

Start at 7:00:

‎Yahoo Sports: College Football Enquirer: The conflict pod: Tim Brown vs Tommy Rees, Texas & Oklahoma vs Fox & Jim Boeheim vs everyone on Apple Podcasts

‎Show Yahoo Sports: College Football Enquirer, Ep The conflict pod: Tim Brown vs Tommy Rees, Texas & Oklahoma vs Fox & Jim Boeheim vs everyone - Feb 6, 2023

podcasts.apple.com

 

[Althetuna]

 

[Cyforce]

So we'll get 12.5 mil?

 

[CyCrazy]

Do the 4 new schools get a chunk of that?

Better not

 

[CyCrazy]

And **** them, gtfo.

 

[nwcat]

Do the 4 new schools get a chunk of that?

No. I'm pretty sure they don't (which was part of the admission agreement)

 

[Cyforce]

Assuming now we can paint horns down in.place of the kickoff X without repercussions?

 

[nwcat]

No. I'm pretty sure they don't (which was part of the admission agreement)

 

[KnappShack]

Excellennnnt

 

[clonesorelse]

Now it seems like there’s enough room for four pac 12 schools to leave when USC and UCLA leave and come on over.