Money in the new Big 12

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Money in the new Big 12

Post by Fido »

This is an interesting read on how the money distributions are going to work in the Big 12. ... expansion/

Baylor, Iowa State, Kansas, Kansas State, Oklahoma State, TCU, Texas Tech and West Virginia agreed to share a portion of their media rights distributions from the Big 12's existing deals with Fox and ESPN to make possible the league's recent expansion with BYU, Cincinnati, Houston and UCF joining the fold in the 2023-24 athletic season. The vote (believed to be held last year) was 8-0 in favor of the move with Texas and Oklahoma abstaining, multiple sources tell CBS Sports.

Each of the eight legacy Big 12 schools agreed to forego $16 million total ($8 million annually in 2023-24 and 2024-25), approximately 19% of their $42.6 million annual distributions, sources said. Each of the four new Big 12 members are set to receive $18 million to $19 million annually, approximately 40% of the original annual distribution.

BYU, Cincinnati, Houston and UCF will each receive a full share of media rights revenue when the Big 12 begins its new deals in the fall of 2025, a source added. That full share will be a base figure of $31.6 million annually. Big 12 officials believe the all-in figure will approach $50 million per school once NCAA Tournament and College Football Playoff revenue is added.
Speculation has raged that Texas and Oklahoma have no desire to play the four new Big 12 members, though they have already committed to remain in the league for the upcoming season. The conference is in the process of finalizing a schedule for all 14 programs.
In October, the Big 12 announced a new deal with Fox and ESPN beginning in 2025 that is worth more than the current deal that includes Texas and Oklahoma. The aforementioned all-in figure of approximately $50 million would reflect a $7.5 million annual increase in rights fees per school.

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