Question:
What's the $100M for? Is this the simple conference exit fees or is it compensation for the GoR?
The basic exit fee was meant to be 2 years revenue distributions, or about $80M EACH. And this has nothing to do with how many years they stay in the conference, or how early they leave or not.
Then the GoR was supposed to be on top of that, and the more difficult nit to unpick.
If Big12 is only getting $100M (or $80M after Fox gets a cut), then they are leaving about $80M on the table. Again, they should be owed that money even if OuT stays thru 2025. This isn't like Scott Frosts contract, where they could have waited and reduced their obligation. Why give them a break on that, and why so large? The OP article says it "usually" gets negotiated down to 60%, but why agree to that just because "usually"? Did ESPN/Fox fatten up the TV deal (or agree to shiv the PAC so Big12 could survive) in exchange for this?
Also, is the Big12 getting anything additional for the loss of 1 year of GoR? I've not seen anything about that.
Maybe I am missing something, certainly I have not dug into the details as much as I could.