We all know the bad news: Texas, Texas A&M, Texas Tech, Oklahoma, Oklahoma St, Colorado, and Nebraska are gone.
But here is the good, lets be honest, GREAT news!
Fact: The Big XII cannot officially disband unless 9 of the 12 member schools vote in favor of the break-up. By my count above there are only 7 'yes' votes. (Mizzou isn't going anywhere).
Fact: If 9 votes are not obtained the Big XII will still hold an automatic qualifier spot in the BCS!
Fact: If 9 votes are not obtained any schools who choose to leave (see 7 above) must pay a buyout of over $10 million each to the remaining schools!! (read: $10 million x 7 = $70 million / 5 = $14 million to remaining 5)!
So to break it all down: ISU will remain in the 'new' Big 12. ISU will have an influx of $14 million. And the 'new' Big XII will still have an automatic BCS qualifying spot!!!!!!!!!
The only real question is: who will be joining us in the 'new' Big 12? (hint: TCU, Utah, Boise St, etc.)
But here is the good, lets be honest, GREAT news!
Fact: The Big XII cannot officially disband unless 9 of the 12 member schools vote in favor of the break-up. By my count above there are only 7 'yes' votes. (Mizzou isn't going anywhere).
Fact: If 9 votes are not obtained the Big XII will still hold an automatic qualifier spot in the BCS!
Fact: If 9 votes are not obtained any schools who choose to leave (see 7 above) must pay a buyout of over $10 million each to the remaining schools!! (read: $10 million x 7 = $70 million / 5 = $14 million to remaining 5)!
So to break it all down: ISU will remain in the 'new' Big 12. ISU will have an influx of $14 million. And the 'new' Big XII will still have an automatic BCS qualifying spot!!!!!!!!!
The only real question is: who will be joining us in the 'new' Big 12? (hint: TCU, Utah, Boise St, etc.)