The AP got its hands on a 45-page document on which Mizzou's Board of Curators based its decision to give chancellor Brady Deaton permission to explore moving Mizzou out of the Big 12. According to the report, Missouri stands to make $12 million more in annual revenue in the SEC than in the Big 12, if/when the SEC renegotiates its top-tier TV rights. And that figure could jump if the SEC starts its own network.
But not so fast, says interim Big 12 commissioner Chuck Neinas, who disputed whether Mizzou could pull an additional $12 million a year with a move to the SEC.
"If an institution in the Southeastern Conference is going to get $12 million more annually, and there are 14 members, that means they would have to increase their annual income from TV by $168 million," Neinas told ESPN. "I don't think that's accurate. You can ask ESPN or somebody if they want to pay another $168 million. I don't think that's in the cards."
On Monday, the SEC told the Star that its presidents had discussed “a wide range of issues dealing with the changing landscape of intercollegiate athletics.” But, they said, “No actions were taken with regards to expansion.”
Neinas, who was at the press conference in which TCU announced it had accepted an invitation to the Big 12, also said he anticipates the Big 12 will be a 10-team league in 2012, and Missouri will be one of those universities. However, he didn't put a drop-dead date on Missouri's decision.
"If Missouri was going to change horses, it wouldn't be for 2012 anyway," Neinas said. "We’ll give Missouri time to evaluate its situation and have an opportunity to look at the Big 12 and get a better understanding of where we’re going."
Neinas added that once Missouri decides, then the league will decide whether to expand to 12, if at all.
The document obtained by the AP reportedly figured Big 12 exit penalties could cost Mizzou about $25.9 million, and possibly as low as $10.4 million if Mizzou gives the Big 12 a couple of years' notice.
The Missouri curators are scheduled to meet October 20-21.