Blog Entry

Big 12 announces settlement with TAMU, Missouri

Posted on: February 28, 2012 5:38 pm
Edited on: February 28, 2012 5:40 pm
 
Posted by Chip Patterson

A Big 12 football season without Texas A&M and Missouri began to take shape earlier this month when both the conference and the SEC released their 2012 regular season schedule. The Tigers to the SEC East and the Aggies to the SEC West happened quickly, but the fine print of the transaction required much more work.

On Tuesday, the Big 12 announced their settlement with both schools as they make their official exit in time for the 2012-2013 academic year. Texas A&M and Missouri will no longer be members of the conference effective June 30, 2012. In order to get approval from the Big 12's eight continuing member institutions, some sacrifices needed to be made. For starters, the league will withhold an estimated $12.41 million from the revenues otherwise distributable to each school. You can check out the official wording for Missouri and Texas A&M below:

The Conference will withhold an estimated $12,410,000 from the revenues otherwise distributable to the University. In addition, Missouri agreed that it would waive any claim to any of the benefits received by the Big 12 Conference from its television contract with Fox Sports, scheduled to commence July 1, 2012. Also, Missouri agreed to pay the Big 12 Conference for its share of the actual cost of officiating expenses for 2011-12 athletic year as it has done in previous years, in the approximate amount of $500,000.

Texas A&M's agreement, nearly identical to Missouri's just without the inclusion of the officiating costs.

The Conference will withhold an estimated $12,410,000 from Texas A&M's projected distribution for fiscal year 2012. However, the parties agreed that A&M will receive a portion of the benefit received by the Big 12 Conference from the signing of its television contract with Fox Sports, scheduled to commence July 1, 2012, and certain other concessions.

Big 12 Conference Commissioner Chuck Neinas called both agreements "fair" in their respective releases, and with the final details settled both schools can focus on their future in the SEC.

For all the latest expansion rumors and headlines, check out our Conference Realignment Home.

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Comments

Since: Jan 16, 2010
Posted on: February 29, 2012 2:47 am
 

Big 12 announces settlement with TAMU, Missouri

Abbie..........What the heck does this post have to do with Big 12 realignment??  NOTHING, you moron!!!  Posts are supposed to be relevant to the basic news article.......NOT advertisements.  Your post should be deleted NOW.



Since: Nov 17, 2006
Posted on: February 29, 2012 2:42 am
 

Big 12 announces settlement with TAMU, Missouri

Ouch!! Thats gotta hurt!! Lose to KSU, then to KU is bad enough. Big 12 title hopes went poof after KU beat OKST. And now this. Paying $12.4 million to a conference you're leaving. Rough week to be a Mizzou fan...




Since: Oct 26, 2011
Posted on: February 28, 2012 11:59 pm
 

Big 12 announces settlement with TAMU, Missouri

When you chase money,thats all you get.Money When your a President of a school your suppoesed to make the Best Move for the school,and its not always money.People always think the Grass is always Greener on the other side,but it don't chew any better.They play better Football in The Big 12 than the Big Ten.If The Big Ten was Such a Good Deal,how come Notre Dame hasn't jumped to them.The Big 12 has a Better shot at Notre Dame than you realize,and it might happen.Its better than 50 50 They want out of The Big East because of Basketball.WVU,PITT,and The Cuse Leaving.Its not a far fetched s you think.You forget ND AD was The Runner Up to the The Big 12 commish when BeeBee got it.



Since: Oct 31, 2011
Posted on: February 28, 2012 10:56 pm
 

Big 12 announces settlement with TAMU, Missouri

Notre dame will never join the B12, they will hold out as long as they can unless the B1G or ACC give them all the benefits of a member but get to keep all their money too.




Since: Mar 20, 2007
Posted on: February 28, 2012 10:20 pm
 

Big 12 announces settlement with TAMU, Missouri

When Louisville and Notre Dame join up, the new Big12 will be better than ever.....can't wait, should be fun!
Less talented on the field often equals more fun.  No defense equals lots of scoring.


lovemeyou
Since: Feb 28, 2012
Posted on: February 28, 2012 10:11 pm
This comment has been removed.

Post Deleted by Administrator




Since: Mar 19, 2011
Posted on: February 28, 2012 10:03 pm
 

Big 12 announces settlement with TAMU, Missouri

When Louisville and Notre Dame join up, the new Big12 will be better than ever.....can't wait, should be fun!



Since: Apr 22, 2008
Posted on: February 28, 2012 9:31 pm
 

Big 12 announces settlement with TAMU, Missouri

OMG. What are the chances that after reading a story on the Big XII, I find find an add for a dating service...for tall people nonetheless. This is exactly what I have been looking for. Thank God you commented on this story. You are a lifesaver!!!! Get this crap off of here.


abbiethanksgod
Since: Feb 28, 2012
Posted on: February 28, 2012 9:07 pm
This comment has been removed.

Post Deleted by Administrator




Since: Nov 27, 2011
Posted on: February 28, 2012 9:01 pm
 

Big 12 announces settlement with TAMU, Missouri

THE MUSICAL CHAIRS OF CONF INS AND OUTS IS ALL ABOUT GREED, PERCEPTION OF GREENER GRASS IN ANOTHER LOCALE, ENVY, AND OF COURSE MONEY......FOOTBALL WAS THE CATALYST AND BASKETBALL APPEARS TO BE AN AFTERTHOUGHT.....OLD RIVALRIES AND GEOGRAPHICAL COMMON SENSE IS OUT THE WINDOW....IT WILL BE YRS BEFORE THE DUST SETTLES AND THE AD'S, ACCOUNTANTS, AND FANS CAN JUSTIFY WHAT IS TKING PLACE......IT IS WIDELY PUBLICIZED THAT TCU HAD TO PAY $5 M TO A CONF THEY NEVER PLAYED IN AND THAT TCU WILL ONLY GET 50% OF $17-20M BIG-12 MEDIA MONIES IN 2012-13, 84% IN 2014-15, AND FULL 100% IN 2015-16.....ASSUMING NEW CONFS OFFER A SIMILAR PARTIAL PAY, IT MAY TAKE MANY YRS FOR THE FINANCIAL REWARDS TO START FLOWING...WHAT WILL SOME OF THESE SCHOOLS DO UNTIL THEN ?????


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