CBS has deal thru 2023...That’s two more years... but as it stands right now SEC teams make $45-$50 mil per team right now anyway..
You don’t think Tx and OU adding to that content increases its value? U bet it does... Not only that but ESPN likely told Tx and OU that they will be assured “x” $$ if they join in 2022 or 2023..
The CBS deal running through 2023 is 3 more seasons, but 2 seasons with OU/UT if they joined in 2022. But then 16 teams are splitting $55 vs.14 teams.
The SEC teams make $45-$50M a year, but in 2019 the Big12 teams rcvd around $39M. It dropped the last couple years because of Covid. I would expect the Big12 payouts to be closer to $39M this year and was projected to be around $45M when the Big12 GOR expired.
I am sure ESPN and OU/UT are counting on the Big12 falling apart so ESPN can use some of the $400M in Big12 rights fees over the next 4 years to support OU/UT's move to the SEC. Thus keeping the current SEC school s whole. But that is why Jamie and Wendy's message was important- if OU/UT leave, then the 8 schools expect the GOR liabilities to hold.
Remember, the core SEC Network was negotiated just a few years ago, so it's not like it's value is as antiquated as the Big12 deal.