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Telling you.. ESPN has to pay out the remainder of the LHN contract.. Texas can't take it to the SEC but the contract was fully guaranteed. Which was another reason why UT had money to pay it's exit fees.
Edit* Also in regards to ND.. for it to work like UT in the Big 12 w/LHN.. NBC would provide 50 mil a year and the ACC would kick in 25 mil for it's tier 3 games
They're gonna roll the LHN monies into the SEC Network payout and a ESPN+ channel.
If you think ESPN's gonna give tejas a lump sum payout for LHN you're dreaming unicorns.