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Message: [QUOTE="HtownOrange, post: 4909207, member: 622"] Please see: [URL="https://news.utexas.edu/2023/02/09/big-12-announces-agreement-for-withdrawal-of-oklahoma-and-texas/#:~:text=IRVING%2C%20Texas%20%E2%80%94%20The%20Big%2012,the%20OU%20and%20UT%20governing"]Big 12 Announces Agreement for Withdrawal of Texas and Oklahoma[/URL] [I]IRVING, Texas — The Big 12 announces that the Conference has agreed in principle to terms with the University of Oklahoma and The University of Texas at Austin to leave the Conference following the 2023-24 athletic year, one year earlier than originally announced, subject to final approval from the OU and UT governing Boards. [B]Compensation to the Conference for the early withdrawals of the two schools totals $100 million in foregone distributable revenues, which OU and UT will be able to partially offset with future revenues.[/B][/I] And: [URL unfurl="true"]https://www.ou.edu/news/articles/2023/february/big-12-announces-agreement-for-withdrawal-of-oklahoma-and-texas[/URL] [I]The Big 12 announces that the Conference has agreed in principle to terms with the University of Oklahoma and The University of Texas at Austin to leave the Conference following the 2023-24 athletic year, one year earlier than originally announced, subject to final approval from the OU and UT governing Boards. [B]Compensation to the Conference for the early withdrawals of the two schools totals $100 million in foregone distributable revenues, which OU and UT will be able to partially offset with future revenues.[/B][/I] Please note that each link is from each school's official website. The statement is from the Big 12. The statements are the same. Three parties to the agreement, posted at two of the parties official sites. This official statement carries much more weight that an internet airhead posting bad math to explain why neither school is paying anything to leave. Believe what you like, but neither school will receive a pay out of the 2023-2024 deal, to be paid after the sports year, unless the earnings exceed the agreement. They may receive postseason incentives and will receive monies for reimbursable expenses (if any). This happens daily in the contracting world. I work in the contracting world, I have some experience in this type of arrangement. Further, there is no evidence that the deal has been negotiated downwards except from statements taken out of context. There is no incentive for the Big 12 to reduce the costs of getting out early as this was agreed upon by the three parties involved. Forgive me for holding my ground on this point, but unless the parties state otherwise, there is no basis to fundamentally believe anything different. For those that want a little more proof: [URL unfurl="true"]https://www.espn.com/college-sports/story/_/id/35625879/oklahoma-texas-exit-big-12-conference-2023-24-season[/URL] [URL unfurl="true"]https://www.cbssports.com/college-football/news/texas-oklahoma-leaving-big-12-early-joining-sec-in-2024-season-after-reaching-exit-agreement/[/URL] [URL unfurl="true"]https://www.espn.com/college-sports/story/_/id/35625879/oklahoma-texas-exit-big-12-conference-2023-24-season[/URL] [URL unfurl="true"]https://www.usatoday.com/story/sports/ncaaf/2023/02/09/texas-oklahoma-reach-agreement-leave-big-12-2024-sec/11223648002/[/URL] [/QUOTE]

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