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ESPN is the one that is paying the majority of the "hefty raise".. not Fox.. I think fox is paying a third of that and will not get first dibs on games of the week anymore. They do, however, get more basketball games.. Sure the 50 mil sounds good (with the expected CFP money), but its Well..WELL behind what the BiG and SEC are going to be paying out.We just can't get there can we?
It's not the Big 12 that wants that. They get $168 million if TX/OU leave early. They're also getting a hefty raise from their 2026 media rights contract without TX/OU.
We all heard how devastating TX/OU's departure would be to the Big 12's next media rights contract. That they would become a G5 conference, and they'd be lucky to get $25 million per team. Remember that? I do.
It didn't happen. They got a raise from $42 million to $50 million without TX/OU.
The only entities that are out anything if TX/OU leave early are tejas, Oklahoma, and FOX.
tejas would be out $84 million
Oklahoma would be out $84 million
FOX would be out whatever revenue TX/OU would have generated. They already reported OU's media revenue production was down "significantly" this past season anyway, and the Hateful 8's media revenue production was up 50%. That's because TCU, K State, Baylor, and Okie Jr are running the show now.
The Big 12 gets whatever revenue TX/OU generates if they stay for 2024/2025, or they get paid $168 million if TX/OU leave early.
It's win/win for the Big 12. They are the ultimate authority.
So yeah the teams in the Big12 will all benefit of a "hefty raise" thanks to the CFP and having all 3 tiers of its rights with ESPN/Fox..
So they will continue to be making more than the Pac and ACC.. just as before.. but even further behind the other two conferences who have signed the monster deals.
I don't hate the Big 12 conference, just know it wasn't sustainable financially.. had nothing to do with onfield, on court performances.
I'm sure the news of the one year early departure will get leaked soon enough and we'll see how they settled on it