Interesting
article. Looks like Texas and Oklahoma are getting out for free? So much for the B12 GOR and B12 exit fee.
If true, they are forgoing B12 revenue for next year, which makes no sense. They won't be in the conference! Why would they get paid? The B12 got completely hosed.
Also the 4 team addition this year means payouts are divided by 14 vs 10, which is less money for all the schools. So if they paid out $40M last year, this year teams will only get $33M instead (the 4 new teams are only getting $18M and not a full share).
And why would the B12 count that reduced $7M as part of the exit agreement when it is applied to every team?
Also interesting Texas/Oklahoma will miss out on most of the SEC money in year 1. In the ACC, SMU will give up money for several years and Stanford/Cal are taking reduced shares for several years. Same as Oregon/Washington to the B18. But in the B12? They had to give a $2.5M bonus to Colorado to get them to leave the PAC! That should tell you about where the B12 stands.
Yormark isn't looking to be the genius some have made him out to be.