Big 12 Expansion (new thread)

SeventhSon

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Do they know about shrinkage?
 

cykadelic2

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Houston released their Big 12 contract

https://gocoogs.com/big-12-contract...tIzF8CnwIgQo3qtQYuXDuc3NMxbdhWXQ782vC4IYBzdAs

Biggest news that I take from this is that there will be a new grant of rights. Not terribly surprising as a new GOR increases the value of the contract to TV partners. Every hateful 8 member agreed to a new GOR in 2019 while OU & UT declined too

Basically, expansion is going to be done for awhile unless the Power 5 adds from the G5.
My biggest takeaway from the link is that there is nothing binding on ISU and the rest of the R8 relative to departing from the B12 prior to any new B12 GOR/TV Deal.
 
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Clonehomer

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This is the only semi-interesting pieces.

"– Houston will join on July 1, 2024, or an earlier date agreed upon by UH and the conference. The school will be bound to a “grant of rights” (for broadcast, bowl, and NCAA revenues) beginning that day.

– UH deposited $2,500,000 with the conference upon execution of the agreement. The conference put it in a money market account, and UH will recover its earnings upon entering the league.

– Beginning on July 1, 2025, Houston will participate fully in conference revenue distribution. This is where the contract is redacted:



The day that full revenue distribution begins for UH is the same as the current grant of rights (GOR) for the Big 12 ends.

This means UH (and likely Cincinnati, UCF, and BYU) will not receive a full distribution for at least the first year. In all likelihood, Houston will not receive any conference revenue until the current GOR ends even if UH enters the league next summer. Texas and Oklahoma are bound to the Big 12’s grant of rights (GOR) through 7/1/2025, and unless an early separation agreement is signed, they will be due their full shares.

Because the conference is negotiating with UT and OU, it appears the State agreed that sharing revenue distribution information before 7/1/2025 “would cause substantial competitive harm.” If the two schools leave early, the remaining Big 12 schools will share their exit fees (the remaining amount owed in the GOR). The four new schools will have no claim to that.

– The agreement insists that UH “made the initial contact with the Big 12 about becoming a Member of the Conference and that the Conference did not contact UH about becoming a member.” This clause is directly due to Big 12 commissioner Bob Bowlsby sending ESPN a cease and desist letter, accusing the network and other conferences of meddling in Big 12 affairs. Bowlsby did not want the American Athletic Conference to have a similar claim about the Big 12."

Wasn't there a penalty for leaving for OuT? I thought even with the notice that they still were bound to pay a penalty or lose the final year of distribution for leaving the conference? Wouldn't that be available to pay one or two of these schools?
 

Hoggins

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My biggest takeaway from the link is that there is nothing binding on ISU and the rest of the R8 relative to departing from the B12 prior to any new B12 GOR/TV Deal.

Agreed, but the other power 5 conferences just passed on expansion so I would except everyone to sign a new GOR in the next 1-2 years
 

cykadelic2

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Agreed, but the other power 5 conferences just passed on expansion so I would except everyone to sign a new GOR in the next 1-2 years
Of course they passed on expansion. The B10, P12 and ACC are waiting on the B12 to reach a settlement agreement with UT/OU/SEC/ESPN/Fox relative to OUT's departure to the SEC. Once that settlement is reached, realignment is clearly back on the table for the Remaining 8 and the B10, ACC and P12.

And if the B12 (somehow) remains intact with the currently projected 12 schools, no new GOR will be executed amongst those 12 schools until new TV deals are executed. They go hand in hand.
 

AuH2O

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My biggest takeaway from the link is that there is nothing binding on ISU and the rest of the R8 relative to departing from the B12 prior to any new B12 GOR/TV Deal.
Dave Wanstedt agrees that this is the most important takeaway.
 

Hoggins

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Of course they passed on expansion. The B10, P12 and ACC are waiting on the B12 to reach a settlement agreement with UT/OU/SEC/ESPN/Fox relative to OUT's departure to the SEC. Once that settlement is reached, realignment is clearly back on the table for the Remaining 8 and the B10, ACC and P12.

And if the B12 (somehow) remains intact with the currently projected 12 schools, no new GOR will be executed amongst those 12 schools until new TV deals are executed. They go hand in hand.

New TV contract will be negotiated in the next 1-2 years so yea, new GOR will come with that.

And if you’re banking on expansion from the PAC 12, ACC, or Big 10; you’re gonna be disappointed. New Big 12 is our home
 

Clonehomer

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I really thought the childish hand signals were a state of Texas thing. Now you're telling me KSU has one as well? Do we need to get one? Maybe something like this?

jerk-off.gif
 
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