I'm posting this because I don't think I've seen it anywhere else in this thread.
Here are the details of the $9MM that the Big12 gave to WVU for their Big East buyout. For 2012-2013, 2013-2014, and 2014-2015 WVU will get a perctage of Big12 per team payout (50, 67, 84 respectively). Beginning in 2015-2016 WVU will start getting full shares, however from 2015-2016 thru 2019-2020 WVU will have to pay back the Big12 $1MM per year. So basically the $9MM was a $4MM gift and a $5MM no-interest loan that is repaid in years 4-8.