http://sports.espn.go.com/ncaa/news/story?id=5285680Reports: Texas considering Big 12 dealEmail Print Comments203 ESPN.com news services
The Texas Longhorns, based on a TV deal in the works that could pay them upwards of $25 million per year, are leaning toward staying in a 10-team Big 12 for the foreseeable future, Orangebloods.com has reported, citing sources familiar with negotiations.
Texas was meeting Monday with the other remaining nine schools in the Big 12 about a TV deal included in a plan put together by Big 12 commissioner Dan Beebe that would keep the league intact with its current programs, according to multiple reports.
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Texas, Texas A&M and Oklahoma would each receive at least $20 million annually from a new Big 12 TV contract, according to a report, comparable with what the top conference deals pay now.
BCS conference Amount of contract
Big Ten $242 million
SEC $205 million
Big 12 $78 million
ACC $67 million
Pacific-10 $58 million
Big East $33 million
Texas stands to earn between $20 million and $25 million annually in television revenue, including money from its own network, in the reworked deal, according to Orangebloods.com.
The Longhorns network figures to generate between $3 million and $5 million, according to the report. Because the Big 12 has unequal revenue sharing, the deal will mean more money for Texas, Texas A&M and Oklahoma, who all would receive at least $20 million annually from the new deal.
The other seven schools in the Big 12 would make between $14 million and $17 million, doubling what they currently receive in TV revenue.
Earlier Monday, ESPN reported that the departure of Texas, Texas Tech, Oklahoma and Oklahoma State to the Pac-10 was "imminent," citing four sources within the Big 12.
The report said that Texas' interest in being aligned with the research opportunities and academic missions of Pac-10 schools is driving the decision, along with money.
But a source within the Big 12 told ESPN's Joe Schad that Texas president William Powers Jr. was working through Beebe's projections to determine if they compare financially with a proposal by Pac-10 commissioner Larry Scott.
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Part of those projections would likely include "adjustments" from television partners as well as future contracts that were more on par with the contracts of other conferences, the source said.
Earlier Monday, a source told Schad that Powers was taking a "global view" of the landscape, excited about the importance of aligning his school with research opportunities and academic reputations of schools in the Pac-10.
But clearly being able to come at least close to the Pac-10 financial projections, while being able to still launch a network, may have swayed Powers to change his mind. The source within the Big 12 said Beebe's plan was "gaining traction" with Powers.