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[QUOTE="HtownOrange, post: 4909274, member: 622"]
1) Yes, monies are being withheld from future payments.  Whether you agree or not, this is legally and for accounting purposes a payment.  If you wish to play the game that a stack of cash is not being pushed across a table from the Big12 to OU and UT for their season share and then OU and UT pushing it back across the table to the Big 12, then so be it.  In a court of law, withholding a future payout from one source which is also due a payment from the same party is a payment.

2) Re-read the articles and statements.  Or the bolded section of my post.  Regardless, OU and UT were owed revenue for each of 2022 -2023 and still owed for 2023-2024 (which will not be paid out until next spring/summer).  If the total amounts exceed the agreement ($50MM each), then OU and UT will receive the remainder.  If the withholdings do not meet the agreed amount, each school must pay, in one manner or another, monies owed.

Many people confuse the fact that UT and OU will not receive a payment for this year's sports and deem this as proof that UT and OU owe nothing, but that is their mistake.  Under the TV deal, both schools are owed monies from each season from the Big 12.  UT and OU have agreed to forgo the payments in lieu of actually issuing checks or moving stacks of cash, applying the monies towards the agreed upon separation amount.  This is similar to an auto buyer trading in their car for a new car.  Generally, the agreed upon trade value is not actually paid to the new car buyer but is applied to the sale of the new care as a down payment - much smaller scale, of course.

An accountant can probably explain this better than I.
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