![]() ![]() ![]() Notice in the "agreement to membership" where the members "agree" to stay together for 99 years. Here's a PDF of the original Big 12 grant of rights signed in 2012. ![]() Winter said he had input in drafting that Big 12 document. That agreement is holding Texas and Oklahoma in the league through the 2024 season. The ACC borrowed heavily from the Big 12 in shaping its grants of rights, sources tell CBS Sports. Even with Oregon and Washington - the two best brand names remaining among the 22 schools still in the Pac-12 and Big 12 - there is not much on which the conference can capitalize. The same reality is emerging for the Pac-12. Outgoing commissioner Bob Bowlsby testified last summer that Texas and Oklahoma brought 50% of the rights value to the league. Some Big 12 athletic directors are worried that the conference's media rights dollars won't stretch far enough to add more programs without their payouts being diminished. That would mean staying at 12 teams with BYU, Cincinnati, Houston and UCF In the fold after Texas and Oklahoma leave before the 2025 season. The best brands and most of the money are among those 32 teams in the Big Ten and SEC - and the networks that own their major television rights (ESPN and Fox).Įverything else has become a scramble to the point that one source within the Big 12 said a worst-case scenario would be nothing happening in the league. However, Oregon and Washington will only receive 50% of the annual share ($30 million with yearly $1 million escalators) after changing conferences, according to multiple reports.Conference realignment has become an increasingly frustrating attempt to squeeze dollars out of a system that has consolidated resources at the top. The Big 12, which has long been focused on expanding with at least two - if not all four - of Arizona, Arizona State, Colorado and Utah, is paying its members nearly $32 million annually through its new media rights agreement with ESPN and Fox.Īnnual payouts in the Big Ten are even more lucrative at $60 million per school annually through an agreement with CBS, Fox and NBC. The Apple-focused media rights package included tiers of incentivization with a significant upside for teams if certain subscription numbers were met, sources told Dodd. Those centered around a streaming contract with Apple that would have reportedly paid members around $20 million annually. Pac-12 commissioner George Kliavkoff delivered an underwhelming media rights presentation to university administrators from the league earlier this week. The already murky future of the Pac-12 now hangs in the balance. "The Conference is gaining three premier institutions both academically and athletically, and the entire Big 12 looks forward to working alongside their presidents, athletic directors, student-athletes and administrators." "We are thrilled to welcome Arizona, Arizona State and Utah to the Big 12," said commissioner Brett Yormark in a statement. The Utes joined in 2011 out of the Mountain West. The Wildcats and Sun Devils have called the Pac-12 home since 1978 when they left the WAC, expanding the league from eight to 10 members. The schools' respective Boards of Regents formalized their transitions into the Big 12 on Friday night. Big 12 presidents unanimously voted to welcome Arizona into the league Thursday and did the same in a Friday meeting for Arizona State and Utah, sources told CBS Sports' Dennis Dodd. In adding three more Pac-12 teams, the Big 12 in 2024 will swell to 16 programs, the largest membership in league history.Ĭolorado was the first to jettison the Pac-12 for the Big 12 last week ahead of the Pac-12 finally unveiling a proposed media rights deal that was not received positively. Arizona, Arizona State and Utah will all join Colorado in the Big 12 starting ahead of the 2024-25 athletic season, the conference announced Friday night. ![]() The rest of the "Four Corners" schools are heading to the Big 12. ![]()
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