Big 12 officials discuss extra revenue shares for Texas, Oklahoma as enticement not to leave for SEC
Big 12 officials have discussed a structure in which Texas and Oklahoma would receive additional revenue shares as a way of enticing the two schools to remain in the conference rather than pursue a future in the SEC, conference sources have told CBS Sports.
Such a structure would grant the Longhorns and Sooners an additional half-share annually (1.5 shares each), bumping their payouts to approximately $56 million per year. The other eight schools would decrease their payouts accordingly. Big 12 schools currently average $37 million in annual TV rights earnings, including revenue from bowl games and the NCAA Tournament.
The topic became a discussion point Thursday night during the conference call with Big 12 commissioner Bob Bowlsby. Texas and Oklahoma were not part of the call. One person familiar with the conversation stressed the revenue share idea was "from the 50,000-foot level" and preliminary in nature.