https://www.cbssports.com/college-football/news/early-exits-for-texas-oklahoma-could-help-big-12-repay-members-that-agreed-to-diluted-revenue-upon-expansion/
"...Baylor, Iowa State, Kansas, Kansas State, Oklahoma State, TCU and Texas Tech agreed to share a portion of their media rights distributions from the Big 12's existing deals with Fox and ESPN to make possible the league's recent expansion with BYU, Cincinnati, Houston and UCF joining the fold in the 2023-24 athletic season. The vote (believed to be held last year) was 8-0 in favor of the move with Texas and Oklahoma abstaining, multiple sources tell CBS Sports.
Each of the eight legacy Big 12 schools agreed to forego $16 million total ($8 million annually in 2023-24 and 2024-25), approximately 19% of their $42.6 million annual distributions, sources said. Each of the four new Big 12 members are set to receive $18 million to $19 million annually, approximately 40% of the original annual distribution....
If Texas and Oklahoma leave after the 2023-24 season, they would be on the hook for early termination fees with each surrendering at least their final year of media rights distribution. CBS Sports previously reported those early exit fees could total as much as $168 million.
However, such a penalty would likely be negotiated down to about 60% to 65% of the original total, industry sources said....
Speculation has raged that Texas and Oklahoma have no desire to play the four new Big 12 members, though they have already committed to remain in the league for the upcoming season. The conference is in the process of finalizing a schedule for all 14 programs...."
Maybe we only play each other and the R8. R8 plays 3 of the 4 newbies and 4 of the other 7 R8. Newbies play each other and 6 of the R8. That actually makes the most sense for us and the R8.