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BIG 12 splitting into two 7 team divisions by '23
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<blockquote data-quote="WVUALLEN" data-source="post: 131951410" data-attributes="member: 1112294"><p>The Fact is they are under negotiations. Pleas learn to follow simple sentence structure dumbass.</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>What part of under the assumption don't you understand? Under the assumption does not guarantee they will be in the conference.</p><p></p><p></p><p></p><p>The other thing that matters is when people laugh at 14 when #1 & #2 sing for joy as they flee from loser conference.</p><p></p><p><em><strong>Highlights From The Conversation</strong></em></p><p></p><p></p><ul> <li data-xf-list-type="ul"> </li> <li data-xf-list-type="ul">Regardless if Oklahoma and Texas fulfill required time in the Big 12 through the end of the Grant of Rights in 2025, the two universities will still be required pay exit fees of $80 million each<br /> </li> <li data-xf-list-type="ul"> </li> <li data-xf-list-type="ul">The Grant of Rights is a separate entity financially outside of the exit fees as part of being in the Big 12.<br /> </li> <li data-xf-list-type="ul"> </li> <li data-xf-list-type="ul">Though the Big 12’s hope is that Oklahoma and Texas would leave the league by the summer of 2023, the two depating universities have yet to file the 27-month exit timeline to begin process of leaving to join SEC.<br /> </li> <li data-xf-list-type="ul"> </li> <li data-xf-list-type="ul">The $80 million per university in exit fees can still be negotiated, but as of this time it is not being negotiated.<br /> </li> <li data-xf-list-type="ul"> </li> <li data-xf-list-type="ul">If there are any delays or fighting of exit fees from Texas or Oklahoma, Big 12 commissioner Bob Bowlsby has right to add additional fees on top of the original fees. It’s believed that there will be additional penalties added.<br /> </li> <li data-xf-list-type="ul"> </li> <li data-xf-list-type="ul">There are three processes that can be utilized to settle on the Grant of Rights: The Big 12 can sell the GOR back to Oklahoma and Texas, retain the GOR or let the two universities walk to the SEC.<br /> </li> <li data-xf-list-type="ul"> </li> <li data-xf-list-type="ul">If the Big 12 elects to retain the GOR and Oklahoma and Texas make the move to the SEC, all money accumulated in television revenue by the two universities would be distributed to the Big 12.</li> <li data-xf-list-type="ul"> </li> <li data-xf-list-type="ul"> <br /> If Oklahoma and Texas make the departure of the Big 12 ugly and drags out legally, the $80 million exit will be a minor part of what will eventually be paid by the two universities.<br /> </li> </ul><p>[URL unfurl="true"]https://sicem365.com/s/10774/exit-negotiations-stagnant-between-oklahoma-texas-and-the-big-12[/URL]</p><p></p><p>Further sories from 2021</p><p></p><p>Bowlsby and the Big 12 hold the contractual leverage and they know it. They can and will make it difficult for OU and Texas to leave. That’s how they’ll get paid.</p><p></p><p>But that’s how it will end, and likely in 2022. As the new schools get invited to the dance and a plan for the future of the Big 12 comes into view, negotiations will start in earnest for OU and Texas to part ways with the Big 12.</p><p></p><p>So dweeb continue with your ******** and ignore the obvious. Your crap might work on 247 but not here.</p></blockquote><p></p>
[QUOTE="WVUALLEN, post: 131951410, member: 1112294"] The Fact is they are under negotiations. Pleas learn to follow simple sentence structure dumbass. What part of under the assumption don't you understand? Under the assumption does not guarantee they will be in the conference. The other thing that matters is when people laugh at 14 when #1 & #2 sing for joy as they flee from loser conference. [I][B]Highlights From The Conversation[/B][/I] [LIST] [*] [*]Regardless if Oklahoma and Texas fulfill required time in the Big 12 through the end of the Grant of Rights in 2025, the two universities will still be required pay exit fees of $80 million each [*] [*]The Grant of Rights is a separate entity financially outside of the exit fees as part of being in the Big 12. [*] [*]Though the Big 12’s hope is that Oklahoma and Texas would leave the league by the summer of 2023, the two depating universities have yet to file the 27-month exit timeline to begin process of leaving to join SEC. [*] [*]The $80 million per university in exit fees can still be negotiated, but as of this time it is not being negotiated. [*] [*]If there are any delays or fighting of exit fees from Texas or Oklahoma, Big 12 commissioner Bob Bowlsby has right to add additional fees on top of the original fees. It’s believed that there will be additional penalties added. [*] [*]There are three processes that can be utilized to settle on the Grant of Rights: The Big 12 can sell the GOR back to Oklahoma and Texas, retain the GOR or let the two universities walk to the SEC. [*] [*]If the Big 12 elects to retain the GOR and Oklahoma and Texas make the move to the SEC, all money accumulated in television revenue by the two universities would be distributed to the Big 12. [*] [*] If Oklahoma and Texas make the departure of the Big 12 ugly and drags out legally, the $80 million exit will be a minor part of what will eventually be paid by the two universities. [/LIST] [URL unfurl="true"]https://sicem365.com/s/10774/exit-negotiations-stagnant-between-oklahoma-texas-and-the-big-12[/URL] Further sories from 2021 Bowlsby and the Big 12 hold the contractual leverage and they know it. They can and will make it difficult for OU and Texas to leave. That’s how they’ll get paid. But that’s how it will end, and likely in 2022. As the new schools get invited to the dance and a plan for the future of the Big 12 comes into view, negotiations will start in earnest for OU and Texas to part ways with the Big 12. So dweeb continue with your ******** and ignore the obvious. Your crap might work on 247 but not here. [/QUOTE]
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BIG 12 splitting into two 7 team divisions by '23
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