According to Chip Brown . . . ESPN/ABC has already stepped up with the cash, because if there was all kinds of upheaval they stood to have multiple existing TV contracts torn up and we have to start all over again.
According to sources, Texas, Oklahoma and Texas A&M will be guaranteed $20 million per year, while the seven remaining schools will collect between $14 million and $17 million in TV revenue in combined deals with ABC/ESPN and Fox.
Both networks stepped forward and averted what could have been complete chaos in college realignment by putting forth a combined package that will push the Big 12 from a $78 million take in annual TV revenue to just less than $200 million, sources say.
And while this deal will be remembered for holding rivals like Texas, Texas A&M and OU together. It will also be remembered for two TV networks stepping up and paying a premium dollar to ward off expansion.
Both networks, but especially ESPN, faced having freshly minted contracts in other leagues (ACC and SEC) torn up if those leagues came apart or began adding significant teams.
Chip Brown, Orangebloods.com