Tuesday, June 15, 2010

The Big 12 Minus Two survives!

Posted by Justin Kendall on Tue, Jun 15, 2010 at 9:35 AM

click to enlarge Big Jay still has a home in the Big 12.
  • Big Jay still has a home in the Big 12.

Jayhawks, Wildcats, Tigers, Cyclones and Bears still have a BCS home.

Texas pledged allegiance to the Big 12 Minus Two last night, announcing on its athletics web site that the divorce was off:

The University of Texas' athletics programs will continue competing in

the Big 12 Conference.

Shortly after Texas reaffirmed its commitment, the rest of the potential defectors -- Oklahoma, Oklahoma State, Texas A&M and Texas Tech -- announced they were staying, too.

Texas has scheduled a press conference for 10 a.m. Tuesday. Big 12 commissioner Dan Beebe has scheduled a press conference for 11 a.m.

I'm starting to wonder if Texas' flirtation was serious. Could this all

have been a money grab? Texas' projected cut of the new television deal

is estimated at between $20 million and $25 million, making the richest

college football program even richer.

But the deal is also good

for the other nine. Kansas, Missouri, Kansas State and Iowa State will

double their TV revenue cut from the ESPN/ABC and Fox deal to between

$14 million and $17 million. Texas's Rivals site, Orangebloods.com,

reports that the new $200 million

deal could hold the conference together for the next 15 years.

Yeah,

Texas gets more money. But for a program flush in money, what's another

$5 million?

The new deal seems to have stopped Missouri's eyes

from wandering. Missouri athletics director Mike Alden issued

this statement

Monday night:

"We're excited about the Big 12 Conference and for its

continued growth.  The University of Missouri has certainly prospered

during its time in the Big 12, and we

are looking forward to future opportunities in the years ahead."

The league likely lost its football championship game -- bad news for

Kansas City, which had played host to the game in the past. The NCAA

only allows 12-team leagues to hold football championship games. The

league would have to expand, and expansion doesn't look to be in the

cards.

"Ten is all anyone wants at

this point," a Big 12 source told The Oklahoman.


As for Colorado, sounds like they're the

loser in all of this.

A source told Orangebloods.com that the

Buffs move to the Pac-10 puts them on the hook for a buyout penalty of

up to $7 million. Apparently, Colorado was so confident in the league's

collapse and were so worried about Baylor swiping its Pac-10 bid, that

the Buffs rushed in. Orangebloods notes that the new deal wouldn't have

happened had Nebraska and Colorado not left the league.
 

More to come.

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Exactly. I've only seen the CU payment Orangebloods.

Also good for KC, locking down the men's basketball tournaments. And the league just dumped two really bad basketball programs.

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Posted by Justin Kendall on 06/15/2010 at 10:31 AM

I heard we take $32m from CU and NU over the next two years, which is awesome. They were ready to hand the football championship game to Dallas forever, so no big loss to KC on that end.

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Posted by Chimpotle on 06/15/2010 at 9:40 AM
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