DeerPark12
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I'm not following. Don't all schools already sign media agreements with their conferences? How is this different than what UT has agreed to with the SEC?
Not exactly. Media rights are certainly part of conference agreements, but usually only apply as long as a school is a member of the conference. If a school decides to leave the conference, they take their media rights with them.
What has been put in place by the Big 12 leadership is an agreement where the rights become property of the Big 12 for a period of six years, regardless of whether the schools are still in the conference. Essentially, the schools would be signing a six-year contract with the league. Instead of a buyout clause, the schools are free to walk away, but they offer a new conference nothing because TV rights are the primary source of income.
The six-year length is significant because that is one year longer than on of their TV contracts, meaning the conference will still be together when the rights come back up for bid.