All You Need to Know about the New, Slimmer, Big XII
According to sources, Texas, Oklahoma and Texas A&M will be guaranteed $20 million per year, while the seven remaining schools will collect between $14 million and $17 million in TV revenue in combined deals with ABC/ESPN and Fox.
Both networks stepped forward and averted what could have been complete chaos in college realignment by putting forth a combined package that will push the Big 12 from a $78 million take in annual TV revenue to just less than $200 million, sources say.
cashing in big is what Texas will do. UT stands to collect between $23 million and $25 million per year once its own television network is up and running, which would make Texas the highest-paid university in America from a TV revenue standpoint.
What amuses me about a lot of the commentary on this subject from people who seem to just now be figuring out that major college sports is about the money.