Texas and Oklahoma could be stuck in the Big 12 until 2025
The SEC’s TV contract expires with CBS at the end of the 2023 year, which is worth $55 million a year. Afterward, the SEC will begin its new contract with ESPN, valued at roughly $300 million per year.This is like NIL & Recruiting but played by the Corporate big Boys !
With that much money on the table, it is a head-scratcher as to why both teams have not made the jump to the SEC. But that answer is simple; neither team wants to pay the Big 12 more than they have to.
A report from last year put both teams’ buyout numbers close to $76 million a piece.
“What I’ve always been told is Texas and Oklahoma don’t want to pay a dollar more than they have to leave the Big 12, and they’re prepared to stick with the 2025 exit if that’s what it takes. And certainly, the Big 12 has no incentive to kick them out early.
Those two programs generate 50 percent of the revenue in their TV contract.
So I’m working under the assumption right now that there’s going to be a two-year period where the Big 12 will be a 14-team league.”
https://www.on3.com/news/college-fo...-oklahoma-sooners-timeline-for-sec-departure/
What would a 14 team Big 12 TV contract be worth ?
Will CBS, after losing the SEC, spend SERIOUS money to get the Big 12 ?
BIG 12 members -
Texas Tech, TCU, Baylor, Oklahoma State, Iowa State, Kansas State, Kansas and West Virginia.
Keep Oklahoma & Texas;
Add BYU, Houston, UCF and Cincinnati (all supposedly set to join Big 12 on July 1, 2023) & you would have an interesting situation !
https://www.si.com/college/2021/09/...ions-conference-invites-four-new-teams-byu-ad
https://kslsports.com/488016/byu-football-big-12-conference-history-games/
IMO, Oklahoma and Texas would still be the big guns ! To keep them, would the Big 12 authorize an unequal payout to them ?
Half a loaf is better than none !
If you are a Big 12 member, would you give 10% of your expanded TV revenues to Oklahoma & Texas to get a MUCH BIGGER piece of the TV pie ?
CBS pays $200 MM to Big 12, Oklahoma & Texas split $20 MM, lowering split TV payout to $180 MM - TV payout per team drops from $14.28 MM to $12.85 MM for all 14 schools, Oklahoma & Texas actually get $22.85 MM.
How much are the Big 12 teams getting now ?
FWIW - SEC currently has 14 members; add Oklahoma & Texas & you have 16.
$300MM split 16 ways is $18.75 MM; if the other Big 12 schools give up the 10%, then with $22.85 MM Oklahoma & Texas are $4MM richer by staying in Big 12 rather than going to the SEC.
PLUS, winning a conference title in the Big 12 & going to CFP MUCH easier than winning the SEC !
Even with the addition of the new schools, will the Big 12 still have enough impact (& enough TV $$$s) & stay together without Oklahoma & Texas ?
It seems like the 2025 moving date it’s set in stone. However, a lot can change between now and then that could entice either or both teams to make that jump sooner rather than later or NOT AT ALL.
College football conference realignment is in the air, with Houston, Cincinnati, and UCF planning to leave the AAC & BYU leaving the West Coast Conference for the Big 12 in time for the 2023 academic year, according to a report from CBS Sports.
How will UCF as a Power 5 Conference member impact their in-state recruiting; how will it impact UF's recruiting ?
https://www.si.com/fannation/colleg...ball-realignment-big-12-expansion-2023-season
Found this somewhat dated AP article which talks about SEC revenue distribution; hard to get precise numbers.
The Southeastern Conference schools each received more than $44.6 million in total revenue distributed by the league, a seven-figure increase from the previous fiscal year.
SEC Commissioner Greg Sankey said Thursday the league handed out just over $651.0 million of total revenue among the 14 members for the 2018-19 fiscal year, which ended August 31, 2019.
It includes $624.2 million distributed from the conference office, as well as $26.8 million schools kept to offset travel and other related bowl expenses
The total distributed comes from television agreements, postseason bowl games and the College Football Playoff and the SEC football championship game, as well as the league’s men’s basketball tournament, the NCAA Championships and a supplemental surplus distribution.
https://apnews.com/article/51ff34b3ac7c3f43385182a949c61a61
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