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Left Behind: A Quick Dose Of Post Big 12 Reality

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0xdeadbeef

0xdeadbeef 1626

Posted
Posted
37 minutes ago, Francisco 2.0 said:

 

As everyone has learned, it was never about either school paying out.  It was Fox wanting to broadcast Oklahoma and Texas games for the duration of their contract with the Big 12.  

Sounds like the confererence, ESPN and the schools were ready to end this thing.  Fox said otherwise.

What am I missing?  Why would the B12 be "ready to end this". From the B12's point of view, isn't it better the longer we're here? 

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It's a large Texas forum. Every thread will largely be dominated by Texas posters. This is news? Not only that, it's funny in some form? My view is that the Big 12 will be fine as the 4th of 4 la

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Thiefery

Thiefery 4969

Posted
Posted
12 minutes ago, 0xdeadbeef said:

What am I missing?  Why would the B12 be "ready to end this". From the B12's point of view, isn't it better the longer we're here? 

they want the buyout money in order to pay the new 4 schools for this and next season  before the new deal hits

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ultimaton

ultimaton 2966

Posted
Posted
11 minutes ago, 0xdeadbeef said:

What am I missing?  Why would the B12 be "ready to end this". From the B12's point of view, isn't it better the longer we're here? 

The remaining 8 are about to take a significant pay cut for the remainder of the current contract and they need our exit fees to offset it.

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closetohumping

closetohumping 17401

Posted
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12 minutes ago, 0xdeadbeef said:

What am I missing?  Why would the B12 be "ready to end this". From the B12's point of view, isn't it better the longer we're here? 

It's a divorce and they have replaced us.  They're ready to move on as well.  At least that's the optimist in me saying that.  Pessimist  thinks they're loving this.

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Not a Sock

Not a Sock 2308

Posted
Posted
12 minutes ago, 0xdeadbeef said:

What am I missing?  Why would the B12 be "ready to end this". From the B12's point of view, isn't it better the longer we're here? 

No, all Texas and OU do is spoil the Big12 at this point.  Imagine  a UT vs OU Big 12 title game the entire narrative is going to be solely about OUT and the SEC the big 12 will be an afterthought.

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Hagbard Celine

Hagbard Celine 10762

Posted
Posted

the 23 schedule remains unposted on texassports

with all of the other realignment exits as precedent, we could easily say "fuck this", add a home-and-home in austin and norman with the fairpark game as the decider, keep our OOC schedules, and tell anyone who wants to show up, $3m for your visit to austin/norman to fill up 6 more slots

half of division 1 would jump at the chance to give their fans a game in austin

see you in court

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FartingDreamer

FartingDreamer 138

Posted
Posted
Just now, Hagbard Celine said:

the 23 schedule remains unposted on texassports

with all of the other realignment exits as precedent, we could easily say "fuck this", add a home-and-home in austin and norman with the fairpark game as the decider, keep our OOC schedules, and tell anyone who wants to show up, $3m for your visit to austin/norman to fill up 6 more slots

half of division 1 would jump at the chance to give their fans a game in austin

see you in court

LOL, good luck with that.

Just now, BurntOrange&White said:

I'm talking if we stay throught 2025. Not if we exit.

You're not staying through 2025.  2024 at the latest.

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BurntOrange&White

BurntOrange&White 39655

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Posted (edited)
5 minutes ago, Hagbard Celine said:

the 23 schedule remains unposted on texassports

with all of the other realignment exits as precedent, we could easily say "fuck this", add a home-and-home in austin and norman with the fairpark game as the decider, keep our OOC schedules, and tell anyone who wants to show up, $3m for your visit to austin/norman to fill up 6 more slots

half of division 1 would jump at the chance to give their fans a game in austin

see you in court

Doubt the schedule not being on the website maters. Kansas State doesn't have theirs on the official website either but Tech does. I don't feel like going across all other teams but Oklahoma is another one that doesn't have it posted or listed either.

Actually I felt like doing a little more digging. Most of the original members have the new schedule except Kansas State. Fuck the new schools

Edited by BurntOrange&White
Did research sort of
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Knoxtnhorn

Knoxtnhorn 5936

Posted
Posted
29 minutes ago, Nueces River Rat said:

I guess it's kind of like back in my day in the late 80's and early 90's, the ad in our student newspapers was for summer employment in Alaska.   Sounded appealing to escape the 100 + degree heat until they told you'd be fishing and not just for fun.

I remember those.  I was close to taking the bait.  Get it?  But, I met a guy that had gone up there the previous year.  He told me you prep fish below deck for 16 hours a day, and that it was absolutely miserable.  He also lost half a finger.  I imagine monotony, lack of sleep, boredom, and the motion of the boat would make fingers somewhat susceptible to accidental slicings.  

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FartingDreamer

FartingDreamer 138

Posted
Posted (edited)
7 minutes ago, Knoxtnhorn said:

I remember those.  I was close to taking the bait.  Get it?  But, I met a guy that had gone up there the previous year.  He told me you prep fish below deck for 16 hours a day, and that it was absolutely miserable.  He also lost half a finger.  I imagine monotony, lack of sleep, boredom, and the motion of the boat would make fingers somewhat susceptible to accidental slicings.  

Still beats a summer in Cincinnati, Ohio...

Edited by FartingDreamer
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Not a Sock

Not a Sock 2308

Posted
Posted
3 minutes ago, BurntOrange&White said:

I'm talking if we stay throught 2025. Not if we exit.

We still don’t get it, the exit penalty for leaving the Big 12 is the loss of 2 years of conference payouts, Texas must inform the Big 12 that they intended to leave which they will do this summer if they can’t come to an early exit agreement, at which point the Big12 will with hold conference payouts. 

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BurntOrange&White

BurntOrange&White 39655

Posted
Posted
1 minute ago, Not a Sock said:

We still don’t get it, the exit penalty for leaving the Big 12 is the loss of 2 years of conference payouts, Texas must inform the Big 12 that they intended to leave which they will do this summer if they can’t come to an early exit agreement, at which point the Big12 will with hold conference payouts. 

So there is no fucking reason to even stay, just pay the money and gtfo. 

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Liquor and Poker

Liquor and Poker 3659

Posted
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12 minutes ago, Knoxtnhorn said:

I remember those.  I was close to taking the bait.  Get it?  But, I met a guy that had gone up there the previous year.  He told me you prep fish below deck for 16 hours a day, and that it was absolutely miserable.  He also lost half a finger.  I imagine monotony, lack of sleep, boredom, and the motion of the boat would make fingers somewhat susceptible to accidental slicings.  

Could have just done a pharmaco study or three. The rash goes away in a year or so. 

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Js1

Js1 85110

Posted
Posted
16 minutes ago, Hagbard Celine said:

the 23 schedule remains unposted on texassports

with all of the other realignment exits as precedent, we could easily say "fuck this", add a home-and-home in austin and norman with the fairpark game as the decider, keep our OOC schedules, and tell anyone who wants to show up, $3m for your visit to austin/norman to fill up 6 more slots

half of division 1 would jump at the chance to give their fans a game in austin

see you in court

I see Imma's "let's just be independent" hurr-durr bullshit is continuing.

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Thiefery

Thiefery 4969

Posted
Posted
2 minutes ago, BurntOrange&White said:

So Deloss greed and short sightedness really is fucking us over more than a decade later. 

gotta relax man.. LHN paid a lot of money and even though it didn't end up being what it was originally thought to be.. school got paid.  Just two more seasons to go.  Hopefully the team can take the next step where we won't even care about this because of the success we are having.

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closetohumping

closetohumping 17401

Posted
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51 minutes ago, Thiefery said:

gotta relax man.. LHN paid a lot of money and even though it didn't end up being what it was originally thought to be.. school got paid.  Just two more seasons to go.  Hopefully the team can take the next step where we won't even care about this because of the success we are having.

Yeah, can't pass on the LHN not to say Deloss is perfect.  We'd be in the PAC if it weren't for that network.

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BluTechsan

BluTechsan 393

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Posted (edited)

I’ve looked at the posted ‘23 schedule.

There are 4 teams that play UT only

There are 4 teams that play OU only

and there are 4 teams that play both.

You can pretty much bet that there’s also a schedule sitting somewhere that is ready to go if/when OUT leave. Just swap n go.

 

edit: that’s a 16 gm inventory that is being haggled over

Edited by BluTechsan
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Al_4_ISU

Al_4_ISU 12409

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Posted

It’s gotta be crushing some folks here that the Big 12 isn’t the entity fucking this up.

It’s not in the Big 12’s interest for this to continue.  The league just had a season where remaining teams performed at a high level against other conferences.  If UT or OU gets their shit together in the next 2 years, it doesn’t look great for the remaining members.  And obviously you guys want out.  The forced marriage is only good for the only entities that actually call any shots here.

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royiv

royiv 9157

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3 hours ago, FartingDreamer said:

I was a student when this came out.  I remember the backlash and letters to the editor and opinion pieces in The Daily Universe (the student newspaper) about it.  Also came out around the same time as the Southpark episode with similar results.  

I did summer (door-to-door) sales back in 2002 in Cincinnati.  I think I knocked on more doors in one week, then I did on my entire mission in Utah.

I sold for them back when they were APEX Alarm LLC and then APX and I  was a young and naive college student.  They would screw us out of much of our year end paychecks, so Vivint was built on dishonesty.  

But you're so good at knocking in doors and having them slammed in your face! Why is Utah County the country's center of MLM scams?

Dude, you got sent to UTAH for your mission? What a suck assignment. One, that market is pretty saturated already. Two, the one potential upside of a mission is living in a foreign country and learning a new language and culture. You must have really pissed off someone high up. Did you get caught soaking?

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mdmost

mdmost 42865

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Posted
1 minute ago, Al_4_ISU said:

It’s gotta be crushing some folks here that the Big 12 isn’t the entity fucking this up.

It’s not in the Big 12’s interest for this to continue.  The league just had a season where remaining teams performed at a high level against other conferences.  If UT or OU gets their shit together in the next 2 years, it doesn’t look great for the remaining members.  And obviously you guys want out.  The forced marriage is only good for the only entities that actually call any shots here.

I think most on here have seen for a time that this is all about Fox wanting their money. I don't blame them at all. But take what you can and move on. 

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thunderlounge

thunderlounge 7758

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2 hours ago, Not a Sock said:

Imagine  a UT vs OU Big 12 title game the entire narrative is going to be solely about OUT and the SEC the big 12 will be an afterthought.

 

8 minutes ago, BluTechsan said:

You can pretty much bet that there’s also a schedule sitting somewhere that is ready to go if/when OUT leave. Just swap n go.




The fuck is this “OUT” bullshit doing on this site?

Fuckers should be negged back to the sewers for this dumbass fuckery.

 

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closetohumping

closetohumping 17401

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7 minutes ago, Al_4_ISU said:

It’s gotta be crushing some folks here that the Big 12 isn’t the entity fucking this up.

It’s not in the Big 12’s interest for this to continue.  The league just had a season where remaining teams performed at a high level against other conferences.  If UT or OU gets their shit together in the next 2 years, it doesn’t look great for the remaining members.  And obviously you guys want out.  The forced marriage is only good for the only entities that actually call any shots here.

It’s not crushing anyone. We just want to leave but don’t act like you guys haven’t been hanging on and your commissioner wasn’t butt hurt

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DFW Horn

DFW Horn 6118

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Posted
3 minutes ago, closetohumping said:

It’s not crushing anyone. We just want to leave but don’t act like you guys haven’t been hanging on and your commissioner wasn’t butt hurt

Why is Yormark "butthurt"?

It's nothing personal, just business from his perspective. 

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LonghornSean

LonghornSean 3942

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Posted (edited)

The Big 12 Is Ready for Texas and Oklahoma to Leave. So Why Is It Taking So Long?

With a lot of stakeholders and their various interests at play, the Longhorns and Sooners have hit many snags while trying to depart to the SEC.

ROSS DELLENGER

1 HOUR AGO

Spoiler

On July 21, 2021, news broke that Texas and Oklahoma were planning to leave the Big 12 and join the SEC starting in 2025.

After the college football universe overcame the shock and awe of the news, it collectively cast doubt on the timing of the move: No way they stay in the Big 12 for four more years, right?

A year and a half later, the answer to that question goes unanswered. And the reason why is a somewhat complicated mess that involves two testy blueblood universities (Texas and OU), eight frustrated legacy Big 12 members, a pair of neighboring FBS conferences (Big 12 and SEC) and—most notably—two rival television networks.

Despite a report Friday of negotiations stalling, many believe the situation remains fluid, while acknowledging that recent “snags” in discussions—most of them centered on television rights—have slowed momentum.

“These things are difficult and complex,” says former Big 12 commissioner Bob Bowlsby. “There are a lot of stakeholders. There’s nothing easy about it.”

So what makes it so complicated? What are all of the moving parts? Those answers are easier to explain.

Starting earlier this fall, momentum was building for the Longhorns and Sooners to enter the SEC a year earlier than originally scheduled, in July 2024. Plenty of signs pointed this way.

Big 12 commissioner Brett Yormark publicly opened the door for an early exit. That came after an October meeting of Big 12 presidents where, sources tell Sports Illustrated, the presidents of Oklahoma and Texas made it clear they’d prefer to leave a year early—a notion that some believe was connected to the earlier-than-expected arrival of the four new Big 12 members: Houston, Cincinnati, UCF and BYU.

The new members’ start date of July 2023 meant that the Longhorns and Sooners would compete against them for not just one season, but two. This did not go over well in Austin and Norman. Though it mattered not to the result, Texas and Oklahoma did not cast votes to add the four schools.

 

“We didn’t have a vote and now we have to play them?” asks one official.

Since December—when Big 12 ADs met in Las Vegas—the two SEC-bound schools, as well as the eight legacy Big 12 universities, agreed to go their separate ways. There was a sense from both sides that the sooner they split, the better.

Take for instance this recent comment from a Big 12 administrator: “They want to go and we want them to go.”

The expectation of an early exit grew loud enough that those in the SEC had been gearing up for their arrival in time for the 2024 football season. “It was made very clear to me that they are coming on board in the Fall of 2024,” a high-level administrator at an SEC school said earlier this week.

But negotiations have hit several roadblocks in recent weeks. Last Friday, more negotiations played out. They did not result in an agreement.

“They keep coming close and every time they get to the finish line, they hit a snag,” says one athletic director.

Why?

It’s complicated.

There are two key issues in any early exit from Texas and Oklahoma:

The grant of rights/TV contract: The two schools are contractually bound to the league through the end of the 2024-25 academic year via what is termed a grant of rights, which coincides with the league’s television deal with ESPN and Fox.

The 99-year agreement: In 2012, the Big 12 schools entered into a 99-year agreement to remain together, a deal that comes with an exit fee of two years’ worth of gross revenue, or about $80 million each.

Let’s explain Item No. 1.

A grant of rights is exactly what it sounds like. The two schools gave away their multi-media rights to the conference. Through 2024-25, the Big 12 owns the broadcasting rights of any athletic event played on their schools’ campuses.

The grant of rights and the television contract are attached at the hip. ESPN and Fox split the broadcasting rights of Big 12 schools and they pay dearly for them. Each Big 12 school gets about $40 million in distribution each year, and while that includes other revenue streams—NCAA tournament, CFP, etc.—the majority of the dough comes from the networks.

Breaking the grant-of-rights agreement, and subsequently the TV contract, a year early comes at a steep price. But in this situation, matters are made more complex because of the television networks involved.

To steal characters from Romeo and Juliet, it’s the Capulets and the Montagues. For years now, Fox and ESPN have been engrossed in a battle for college football territorial rights.

In this situation, Fox stands to lose the most. While ESPN owns exclusive rights to the SEC starting with the 2024 season, FOX would lose the rights of the two football giants for that entire season if they make the move early.

Under their current Big 12 agreement, Fox broadcasts, say, four games a year each from Texas and Oklahoma. The network would need to be compensated for the loss of those eight games, says Bob Thompson, who was president of Fox for a decade until he stepped away in 2009.

“Fox is the one who could potentially be harmed,” Thompson says. “Fox is going to want its pound of flesh. That can be accomplished in two ways: one, ESPN and Fox work out a trade of some sort; two, the conference, through the penalty fees from OU and Texas, compensate FOX.”

This is the real sticking point, those with direct knowledge of the negotiations say.

Various different SEC and Big 12 administrators describe Fox in an assortment of ways. The network is “the hurdle,” says one. It is the “missing piece,” says another.

“Everybody, conceptually, is pretty close to a deal,” says one Big 12 source. “The hangup is Fox wants some inventory. If they get that figured out, they’re on the 1-yard line.”

Something that has been discussed: Texas and Oklahoma playing road games at legacy Big 12 programs that, in theory, Fox would broadcast. Would that solve the inventory issue?

“I could see that happening and I could see Fox agreeing with that,” says Thompson.

But it’s not so easy. Big 12 schools, as well as Texas and Oklahoma, would have to re-arrange future schedules. The Sooners and Longhorns might want that agreement to be a home-and-home as well. Will their conference mates agree to such? It’s unclear.

All of this is complicated by future scheduling formats, especially in the SEC, where the conference is in the midst of attempting to finalize a division-less, nine-game conference schedule. SEC athletic directors met earlier this week in New Orleans for their annual winter gathering. Texas athletic director Chris Del Conte and Oklahoma athletic director Joe Castiglione were in attendance.

No scheduling format was agreed to, though league administrators continue to lean toward the nine-game format where each school would play three permanent opponents and a rotation of six others. However, the uncertainty of OU and Texas’ exit lingers as a roadblock to finalizing those plans.

Speaking of conference schedules, the Big 12 finally released its 2023 football schedule earlier this week. The league handed a few parting gifts to its departing members:

Texas is playing at Houston and plays at Iowa State in late November.

Oklahoma plays three of the four new members, including two on the road, and that includes a game at BYU in mid-November.

Item No. 2—the $80 million penalty for breaking the 99-year agreement—has a more simple solution. Well, kind of.

No matter when Texas and Oklahoma leave—2024 or 2025—they owe a penalty as part of the agreement, Bowlsby contends. However, some question the enforcement of such a deal. Any lawsuit over the agreement would likely be heard in the state courts of Oklahoma and Texas.

“That comes with issues,” says one source with knowledge of the deal. “Presidents are litigation averse. They don’t want to testify. They are survivalists. They are going to negotiate their way out of anything. I’d not look for it to go to court.”

If anything, the penalty will be negotiated down. Some say more like $30 million. Others say $60 million. Whatever the penalty, it will be combined with a potential penalty connected to the grant-of-rights.

If the Big 12 and TV partners agree, Texas and OU could make up for the loss value of the 2024 season with cash. Some believe that, collectively, the two schools are 50% of the league’s value. The TV deal is valued at about $220 million for 2024. That means the schools may owe as much as $55 million each (that would get them to half of the $220 million).

 

Combine all of that and the price tag is steep for each team: As low as $70 million and as much as $130 million.

For the legacy Big 12 members, the steeper the price is better. The penalty fee, whatever it is, will be distributed among the group. This is an important issue. Despite the four new members taking a smaller distribution cut in 2023 and in 2024—about $18 million each year—Big 12 legacy schools are expected to see at least a one-year reduction of $5-8 million in 2024 before the league’s new TV deal begins in 2025.

“It all boils down to financials,” says one administrator with a long history in the Big 12. “If the league teams remain whole from what they would be receiving (in penalties), I don’t think there’s opposition to them leaving. If the media rights changes and they lose money, why would they let them leave?”

On Friday morning in Dallas, Big 12 athletic directors and schools presidents met for annual winter meetings. Texas and OU’s exit was expected to be a discussion point.

“It’s time to move on,” says one Big 12 administrator. “Best for everybody is just to move on.”

And yet, despite all of the schools and the two conferences involved agreeing on an earlier split, they have little to no control of the outcome. Like so much in college sports these days, the ball is in the court of television networks—entities that have gained control of the entire industry through their multi-million dollar broadcasting rights deals.

“We’ve sold our souls to the devil,” says one athletic director, “but we love our paycheck.”

https://www.si.com/college/2023/02/03/big-12-sec-texas-longhorns-oklahoma-sooners-split-explainer

Edited by LonghornSean
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LTtxfan

LTtxfan 48975

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3 hours ago, Al_4_ISU said:

It’s gotta be crushing some folks here that the Big 12 isn’t the entity fucking this up.

It’s not in the Big 12’s interest for this to continue.  The league just had a season where remaining teams performed at a high level against other conferences.  If UT or OU gets their shit together in the next 2 years, it doesn’t look great for the remaining members.  And obviously you guys want out.  The forced marriage is only good for the only entities that actually call any shots here.

It's crushing for the B12 to see Texas and blOU leave...  

'Methinks the lady doth protest too much'  😋

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