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Oliver Luck hired by B12.
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<blockquote data-quote="Buckaineer" data-source="post: 131760291" data-attributes="member: 1428007"><p>Texas and Oklahoma owe 2 years worth of their final two years in the BIG 12.</p><p></p><p>So that's about (right now) $40 million per school per year. $80 million each, $160 million total--but that is just for the BUYOUT.</p><p></p><p>Then each of them owes from now through June 30th 2025, Each year of the ENTIRE media payout that the BIG 12 would provide them. This would be leaving their media rights with the conference via the GOR.</p><p></p><p>Its an escalating number each year--from an article most recently, that payout was about $28 million/yr</p><p></p><p>So let's say its:</p><p>2021-22=$28 million (each)</p><p>2022-23=$29 million (each)</p><p>2023-24=$30 million (each)</p><p>2024-25=$31 million (each)</p><p></p><p>That means in addition to the $160 million owed, UT and OU also owe the BIG 12 and additional GOR payout of upwards of $118 million EACH.</p><p></p><p>That's another $236 million due to the BIG 12 --could actually be more if they are collecting media rights within the SEC before 2025.</p><p></p><p>$236 plus $160 million (conservative estimates) =$416 million minimum that OU/UT must leave behind to the BIG 12 schools. Divided by 8 schools=$52 million per school owed by UT/OU to leave before June 30th 2025.</p></blockquote><p></p>
[QUOTE="Buckaineer, post: 131760291, member: 1428007"] Texas and Oklahoma owe 2 years worth of their final two years in the BIG 12. So that's about (right now) $40 million per school per year. $80 million each, $160 million total--but that is just for the BUYOUT. Then each of them owes from now through June 30th 2025, Each year of the ENTIRE media payout that the BIG 12 would provide them. This would be leaving their media rights with the conference via the GOR. Its an escalating number each year--from an article most recently, that payout was about $28 million/yr So let's say its: 2021-22=$28 million (each) 2022-23=$29 million (each) 2023-24=$30 million (each) 2024-25=$31 million (each) That means in addition to the $160 million owed, UT and OU also owe the BIG 12 and additional GOR payout of upwards of $118 million EACH. That's another $236 million due to the BIG 12 --could actually be more if they are collecting media rights within the SEC before 2025. $236 plus $160 million (conservative estimates) =$416 million minimum that OU/UT must leave behind to the BIG 12 schools. Divided by 8 schools=$52 million per school owed by UT/OU to leave before June 30th 2025. [/QUOTE]
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Oliver Luck hired by B12.
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