Each Big 12 member currently makes $37 million with ESPN and Fox. According to multiple sources, each Big 12 member is worth between $14 - $19 million with Texas and OU gone. Say ESPN and Fox call up Bowlsby tomorrow on a 3-way call.
ESPN starts, "Listen Bob, let's put this behind us. You drop pursuing any litigation against us, Texas, and Oklahoma, you let Texas and Oklahoma pay a $15 million exit fee each, we rip up the existing contract, and we'll offer you a new contract."
Fox: "You also rip up our contract."
ESPN:. "Our contract will be for $3.072 billion for 12 years." ($32 million each). "Each member signs a Grant of Rights . We won't offer this again. What you say Bob?"
Should Bowlsby agree?
ESPN starts, "Listen Bob, let's put this behind us. You drop pursuing any litigation against us, Texas, and Oklahoma, you let Texas and Oklahoma pay a $15 million exit fee each, we rip up the existing contract, and we'll offer you a new contract."
Fox: "You also rip up our contract."
ESPN:. "Our contract will be for $3.072 billion for 12 years." ($32 million each). "Each member signs a Grant of Rights . We won't offer this again. What you say Bob?"
Should Bowlsby agree?