As far a Tier 3 tv rights go... let UT keep the LHN. Also, let them have conference games on the LHN as long as the broadcast rights are not exclusive to LHN for that event. Example, LHN and KStateHD.tv are allowed to simulcast any event not broadcast as tier 1 or tier 2. Currie needs to push this. This would encourage all the other schools to take a stake in developing their own network and having necessary equipment on site. If they would, the conference could leverage a Big 12 network where tier 3 revenue was solely driven by demand on the internet and revenue shared for cable broadcasts.
Let's say Baylor at K-State doesn't make the Tier 1 or 2 tv slots. It then falls to the Big12 network, where local cable affiliates televise the Big12 network game featuring Big12 commentators, and all revenue from this is shared equally. At the same time the BU Vs. KSU game is on tv in some areas, the individual schools are allowed to broadcast the video feed w/ their schools commentators online. So in this case K-StateHD.tv and SicEmBearsHD.tv both show the game online. This revenue goes directly to the school, so K-State's subscriber dollars go directly to K-State.
Big 12 schools need to develop "apps" for devices like Apple TV for their internet broadcasts.