The Big 12 will be rid of the Nebraska Cornhuskers and Colorado Buffaloes sooner than later. There'd been some question as to whether Colorado would have to stay in the Big 12 next year. Nope.
The Big 12 struck a deal with the schools yesterday to be officially done with them by July 1, 2011, and the league is getting paid -- just not as much as it had sought.
Nebraska is paying
the Big 12(minus two) $9.255 million from its conference cut (not the estimated $19.4 million the Big 12 had wanted) to move to the Big Ten, and Colorado
agreed to forfeit $6.863 million (not the estimated $15 million) to move to the Pac-10.
As if you needed another reason to cheer against the Huskers, Nebraska
can cut its payment down to $8.755 million if it reaches a BCS bowl game
this season (and that's looking good so far; the Huskers are a top 10
team). Then again, Nebraska in the BCS could mean another $4 to $5
million for the conference. So win-win?
Not that $9 will even dent the Huskers' bank account. The Big Ten paid $22
million to its members last year. Nebraska would pull in about $10
million annually from the Big 12. Take it away, math majors.
Getting any money is better than none for the Big 12. Nebraska
chancellor Harvey Perlman was arguing that Nebraska shouldn't have to
pay any penalty due to the Big 12's state of flux and wanted to fight it
out. Settling proved quicker for both.
Big 12 leaders are expected to meet next month to figure out how to
split up the money, ESPN reports. Isn't that code for giving 90 percent
to Texas?
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