From ESPN:

Texas and Oklahoma could make their move to the SEC official in a matter of weeks, ESPN has confirmed.

The Austin American-Statesman reported Friday that a Big 12 source believed talks between the SEC and the two schools had been ongoing for more than six months, though Texas A&M had been left out of the discussions. The report said the move could become official in a matter of weeks.

A high level administrator said his understanding of the situation mirrors that timeline.

A Big 12 source told ESPN's Heather Dinich that neither Texas nor Oklahoma has officially expressed their desire to leave to the rest of the conference membership.

ESPN reported Thursday that both Texas and Oklahoma would likely owe the Big 12 upwards of $76 million apiece to buy out the remainder of their grant of media rights agreement, which runs until 2025. A new agreement with the SEC, however, would likely make that price tag easily affordable for the two powerhouse programs.

https://www.espn.com/college-football/st...-texas-sec

Also...The ACC caught completely off guard..also From ESPN:

Several ACC athletics directors believed that in the next few years, their league would make a push to add both Texas and Oklahoma -- along with Notre Dame, which currently is a partial ACC member -- as it looks to restructure its TV contract, but the suddenness of the Longhorns' and Sooners' move to the SEC took them by surprise.

One ACC AD wondered if this could be the first domino that would lead to a massive shakeup that would ultimately result in a 32-team "super conference." Two other ADs suggested that the best path forward might be for the ACC, Pac-12 and others to work together toward a new media rights package that could help counter the outsized strength a 16-team SEC would command, though one AD also said he believed there was minimal value in what would remain of the Big 12.

Split among the Big 8, that comes out to $19 million per member. I'd be shocked if the new TV value is higher than $20 million annually per member without Texas and Oklahoma.

Yeah, 21-22 is the last year of the B12 as we know it.

I never thought once this ball started rolling they'd stick around until 2025 - they lose far more than $76million by doing so.

KS and ISU are actually in the strongest position as AAU members, and can approach first the B1G and then the Pac.

Guessing TCU, Baylor and KSU are the ones left holding the bag.

(07-23-2021 09:36 AM)Maize Wrote:  ESPN reported Thursday that both Texas and Oklahoma would likely owe the Big 12 upwards of $76 million apiece to buy out the remainder of their grant of media rights agreement, which runs until 2025. A new agreement with the SEC, however, would likely make that price tag easily affordable for the two powerhouse programs.[/i]

Wow, I thought it would be north of $100 million. So I agree, if true, that's a cheap buyout for them.

If the remaining XII schools get big checks up front, then they will all jump ship and the whole conference will disappear.

(07-23-2021 09:48 AM)Maize Wrote:  One ACC AD wondered if this could be the first domino that would lead to a massive shakeup that would ultimately result in a 32-team "super conference." Two other ADs suggested that the best path forward might be for the ACC, Pac-12 and others to work together toward a new media rights package that could help counter the outsized strength a 16-team SEC would command, though one AD also said he believed there was minimal value in what would remain of the Big 12.[/i]

Good catch. I think ADs realize the urgency here, and we'll probably see some really creative solutions. Hold on to your butts, everyone. CFB has peaked in popularity, and now we're in a painful consolidation phase of the sport. Going to be a lot of teams left on the sidelines.

(07-23-2021 02:24 PM)Claw Wrote:  If the remaining XII schools get big checks up front, then they will all jump ship and the whole conference will disappear.

The Big 12 is not going anywhere. There’s no where for them to go. None of those schools are going to bring in any money to the ACC, Big 10, or PAC 12. None are strong enough to be Indy either.

The Big 12 will rebuild like the Big East/AAC did in 2005 and 2012-2013.

(07-23-2021 09:48 AM)Maize Wrote:  Also...The ACC caught completely off guard..also From ESPN:

Several ACC athletics directors believed that in the next few years, their league would make a push to add both Texas and Oklahoma -- along with Notre Dame, which currently is a partial ACC member -- as it looks to restructure its TV contract, but the suddenness of the Longhorns' and Sooners' move to the SEC took them by surprise.

One ACC AD wondered if this could be the first domino that would lead to a massive shakeup that would ultimately result in a 32-team "super conference." Two other ADs suggested that the best path forward might be for the ACC, Pac-12 and others to work together toward a new media rights package that could help counter the outsized strength a 16-team SEC would command, though one AD also said he believed there was minimal value in what would remain of the Big 12.

Long term that may be what we see

An updated version of the pre SEC/ACC Southern Conference and a Big/PAC conglomeration

(07-23-2021 02:24 PM)Claw Wrote:  If the remaining XII schools get big checks up front, then they will all jump ship and the whole conference will disappear.

They probably won't get all the money up front. There will be a negotiated deal in which UT and OU leave before the end of the GOR and pay more than the GOR requires, but pay it in annual installments over a few years. Something like UT and OU each paying the Big 12 $20 million every year for 5 years.

(07-23-2021 02:43 PM)Wedge Wrote:  

(07-23-2021 02:24 PM)Claw Wrote:  If the remaining XII schools get big checks up front, then they will all jump ship and the whole conference will disappear.

They probably won't get all the money up front. There will be a negotiated deal in which UT and OU leave before the end of the GOR and pay more than the GOR requires, but pay it in annual installments over a few years. Something like UT and OU each paying the Big 12 $20 million every year for 5 years.

I agree, but the devil is in the details. If the money is paid to the conference, and then the conference pays its members, that's one thing. If the money is paid to the schools that are existing members now, then they would continue to get that money even if they left the Big XII.

I can see this being legally done more than one way. How it is finalized will determine the near-term future of the Big XII. The minute that contract becomes public we will know if the Big XII will be fighting to survive.

For those that have seen the Goodfellas, there is a seen where Paulie hands Henry Hill a wad of cash, signaling the end of their association and any connections to one another. "Thirty-two hundred dollars he gave me. Thirty-two hundred dollars for a lifetime. It wasn't even enough to pay for the coffin."

These exit fees are paltry in comparison to the long-term values that these schools were used to or expecting moving forward. The nearly $20 million total that each school will expect through 2025 will likely be as much, if not more, than the new annual TV deal payouts after 2025.

(07-23-2021 02:24 PM)Claw Wrote:  If the remaining XII schools get big checks up front, then they will all jump ship and the whole conference will disappear.

Yes, that's a key factor in whether the Big 12 will rebuild and raid the AAC or MW, or whether it will totally dissolve and its schools scattered to the four winds.

(07-23-2021 02:49 PM)Claw Wrote:  I agree, but the devil is in the details. If the money is paid to the conference, and then the conference pays its members, that's one thing. If the money is paid to the schools that are existing members now, then they would continue to get that money even if they left the Big XII. ...

But how does that make a practical difference if there is nowhere for them to "scatter" to? For instance, why would Baylor want to go to the AAC where the media value it brings is dragged down by Tulane and Tulsa and South Florida when the Little Eight as a group can shop from the top of the AAC ladder?

(07-23-2021 03:04 PM)BruceMcF Wrote:  

(07-23-2021 02:49 PM)Claw Wrote:  I agree, but the devil is in the details. If the money is paid to the conference, and then the conference pays its members, that's one thing. If the money is paid to the schools that are existing members now, then they would continue to get that money even if they left the Big XII. ...

But how does that make a practical difference if there is nowhere for them to "scatter" to? For instance, why would Baylor want to go to the AAC where the media value it brings is dragged down by Tulane and Tulsa and South Florida when the Little Eight as a group can shop from the top of the AAC ladder?

5 conferences of 16, or 80 teams, is the end game breakaway. Little 8 add the next best 8 to get to 16. BYU, Cincy, UCF, Houston, Memphis, Boise, SMU, and ____?

(07-23-2021 02:24 PM)Claw Wrote:  If the remaining XII schools get big checks up front, then they will all jump ship and the whole conference will disappear.

Where they going? Nobody wants them.

Good luck in the AAC.

It's easier to just keep the B12 name and add 4 school or 5 if Kansas goes to the B1G over the 7 or 8 trying to get into lesser conferences in the AAC/MWC who aren't power 5 as it is.

(07-23-2021 09:36 AM)Maize Wrote:  From ESPN:

Texas and Oklahoma could make their move to the SEC official in a matter of weeks, ESPN has confirmed.

The Austin American-Statesman reported Friday that a Big 12 source believed talks between the SEC and the two schools had been ongoing for more than six months, though Texas A&M had been left out of the discussions. The report said the move could become official in a matter of weeks.

A high level administrator said his understanding of the situation mirrors that timeline.

A Big 12 source told ESPN's Heather Dinich that neither Texas nor Oklahoma has officially expressed their desire to leave to the rest of the conference membership.

ESPN reported Thursday that both Texas and Oklahoma would likely owe the Big 12 upwards of $76 million apiece to buy out the remainder of their grant of media rights agreement, which runs until 2025. A new agreement with the SEC, however, would likely make that price tag easily affordable for the two powerhouse programs.

https://www.espn.com/college-football/st...-texas-sec

That says it's the price "to buy out the remainder of their grant of media rights agreement, which runs until 2025". Is there also an exit fee to leave the conference on top of that? Leaving the conference and withdrawing from a Grant of Rights are two different things. You could do the latter without doing the former (though I don't see why anyone would). Maybe that's why this sounds so cheap.

(07-23-2021 04:20 PM)ken d Wrote:  

(07-23-2021 09:36 AM)Maize Wrote:  From ESPN:

Texas and Oklahoma could make their move to the SEC official in a matter of weeks, ESPN has confirmed.

The Austin American-Statesman reported Friday that a Big 12 source believed talks between the SEC and the two schools had been ongoing for more than six months, though Texas A&M had been left out of the discussions. The report said the move could become official in a matter of weeks.

A high level administrator said his understanding of the situation mirrors that timeline.

A Big 12 source told ESPN's Heather Dinich that neither Texas nor Oklahoma has officially expressed their desire to leave to the rest of the conference membership.

ESPN reported Thursday that both Texas and Oklahoma would likely owe the Big 12 upwards of $76 million apiece to buy out the remainder of their grant of media rights agreement, which runs until 2025. A new agreement with the SEC, however, would likely make that price tag easily affordable for the two powerhouse programs.

https://www.espn.com/college-football/st...-texas-sec

That says it's the price "to buy out the remainder of their grant of media rights agreement, which runs until 2025". Is there also an exit fee to leave the conference on top of that? Leaving the conference and withdrawing from a Grant of Rights are two different things. You could do the latter without doing the former (though I don't see why anyone would). Maybe that's why this sounds so cheap.

There's an $80 million exit fee.

https://www.cbssports.com/college-footba...xit%20fee.

So, the beginning rate to exit is just short of $160 million per school.

That will be negotiated down and/or paid by ESPN as part of the musical chairs.

(07-23-2021 04:07 PM)Fresno St. Alum Wrote:  It's easier to just keep the B12 name and add 4 school or 5 if Kansas goes to the B1G over the 7 or 8 trying to get into lesser conferences in the AAC/MWC who aren't power 5 as it is.

That is not where we are at yet.

1. It's every man for itself.
2. Package deal to the PAC.

When options are exhausted then it's rebuild time.