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Texas and Oklahoma to SEC? Live news updates as football powers leave Big 12, ignite conference realignment
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SEC Expansion: timeline and updates as Texas, OU make push to join the Southeastern Conference - Sports Illustrated Mississippi State Football, Basketball, Recruiting, and More
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Jul 24, 2021
As Texas and Oklahoma appear destined to depart for the SEC, the Big 12 does not appear to be going down without a fight.
Big 12 officials are reportedly considering restructuring the league s revenue sharing system, according to Dennis Dodd of CBS Sports. The group is proposing an increase of a half-share for each school, bumping the annual payout to approximately $56 million per year. The other eight schools would have their shares decreased to cover the cost.
Big 12 schools currently make around $37 million per year from the conference s media rights agreement, which includes bowl games and the NCAA tournament, per Dodd.
07/25/2021
As with the last round of NCAA conference realignment, the current discussions about Texas and Oklahoma leaving the Big 12 for the SEC are almost entirely financially-driven. There aren’t firm details out there yet on what the SEC is offering the Sooners and Longhorns to join, but the details of what the SEC currently gives its members and what it was planning to give its current members under its new (announced in December, taking effect in 2024-25) ESPN deal are out there. If the SEC is able to keep that distribution with these new schools, that would make this move make a lot of financial sense for Oklahoma and Texas. But now, at the 11th hour (ahead of the Longhorns’ and Sooners’ reported plans to tell the Big 12 Monday they won’t renew their grant of rights), a CBS piece from Dennis Dodd has the remaining Big 12 schools floating the idea of paying Oklahoma and Texas 1.5 shares to stay.
AP Photo/Eric Gay
As rumors about the SEC moving closer to adding Texas and Oklahoma persist, the Big 12 is reportedly making an effort to keep its two signature programs from jumping ship.
Per Dennis Dodd of CBS Sports, Big 12 officials are discussing a new financial structure that would increase revenue for Texas and Oklahoma.
According to Dodd, the structure would grant the Longhorns and Sooners an additional half-share annually (1.5 shares each), bumping their payouts to approximately $56 million per year.
In order to make the revenue balance out, the other schools in the conference would decrease their annual payouts.
Dodd did note the topic came up during a conference call with conference officials and Big 12 Commissioner Bob Bowlsby on Thursday.
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