TheVolunteer
Go Big Orange!
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Texas says it is staying in the Big 12.
Shortly after Pac-10 commissioner Larry Scott confirmed to The Associated Press in an e-mail that the University of Texas had declined an invitation to join his conference, the Longhorns put out a statement saying they would "continue competing in the Big 12."
Ubben: Texas Got What It Wanted
Ubben Texas would not have stayed in the Big 12 if it
did not believe in what
the commissioner was selling: more money,
writes ESPN.com's David Ubben. Blog
Blog network: College Football Nation
Oklahoma and Texas A&M also say they will stay in the Big 12, which on Friday seemed in danger of falling apart after Nebraska and Colorado both decided to leave over the next two years.
"The decision to stay in the Big 12 represents a consensus position which resulted from a collaborative effort with our colleagues in the conference," Oklahoma president David L. Boren and vice president and director of athletics Joe Castiglione said in a joint statement. "We value the strong working relationship that has been reaffirmed during this process among the conference members. We intend to work very hard to make the conference as lasting and dynamic as possible. We appreciate the respect and interest that has been shown to OU during this process."
Texas president William Powers Jr. wouldn't give any details about why the school decided to stay put when asked by the AP. Texas has scheduled a news conference for Tuesday morning.
Big 12 commissioner Dan Beebe will also address the media on a teleconference at noon ET on Tuesday.
Texas had a meeting Monday with the other remaining nine schools in the Big 12 about a TV deal included in a plan put together by Beebe that would keep the league intact with its current programs, according to multiple reports.
Millions of Reasons
Texas, Texas A&M and Oklahoma would reportedly each receive at least
$20 million annually from a new Big 12 TV contract, 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
Based on a TV deal in the works that could pay upwards of $25 million per year, Texas leaned toward staying in a 10-team Big 12 for the foreseeable future, Orangebloods.com reported, citing sources familiar with negotiations.
Texas stands to earn between $20 million and $25 million annually in television revenue in the reworked deal, including money from its own network, according to Orangebloods.com.
The Longhorns network figures to generate between $3 million and $5 million, according to the Orangebloods.com 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.
"Everybody is feeling much more confident the Big 12 is going to survive," a person with direct knowledge of discussions told The Associated Press. "Everybody's going to be making more money."
Big 12 officials have told member schools that the loss of the Denver television market and Nebraska would not weaken the league's negotiating position with TV networks as much as feared, the person said.
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 the departure of Texas, Texas Tech, Oklahoma and Oklahoma State to the Pac-10 was "imminent," citing four sources within the Big 12.
A source told ESPN's Joe 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.
-Per ESPN
Shortly after Pac-10 commissioner Larry Scott confirmed to The Associated Press in an e-mail that the University of Texas had declined an invitation to join his conference, the Longhorns put out a statement saying they would "continue competing in the Big 12."
Ubben: Texas Got What It Wanted
Ubben Texas would not have stayed in the Big 12 if it
did not believe in what
the commissioner was selling: more money,
writes ESPN.com's David Ubben. Blog
Blog network: College Football Nation
Oklahoma and Texas A&M also say they will stay in the Big 12, which on Friday seemed in danger of falling apart after Nebraska and Colorado both decided to leave over the next two years.
"The decision to stay in the Big 12 represents a consensus position which resulted from a collaborative effort with our colleagues in the conference," Oklahoma president David L. Boren and vice president and director of athletics Joe Castiglione said in a joint statement. "We value the strong working relationship that has been reaffirmed during this process among the conference members. We intend to work very hard to make the conference as lasting and dynamic as possible. We appreciate the respect and interest that has been shown to OU during this process."
Texas president William Powers Jr. wouldn't give any details about why the school decided to stay put when asked by the AP. Texas has scheduled a news conference for Tuesday morning.
Big 12 commissioner Dan Beebe will also address the media on a teleconference at noon ET on Tuesday.
Texas had a meeting Monday with the other remaining nine schools in the Big 12 about a TV deal included in a plan put together by Beebe that would keep the league intact with its current programs, according to multiple reports.
Millions of Reasons
Texas, Texas A&M and Oklahoma would reportedly each receive at least
$20 million annually from a new Big 12 TV contract, 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
Based on a TV deal in the works that could pay upwards of $25 million per year, Texas leaned toward staying in a 10-team Big 12 for the foreseeable future, Orangebloods.com reported, citing sources familiar with negotiations.
Texas stands to earn between $20 million and $25 million annually in television revenue in the reworked deal, including money from its own network, according to Orangebloods.com.
The Longhorns network figures to generate between $3 million and $5 million, according to the Orangebloods.com 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.
"Everybody is feeling much more confident the Big 12 is going to survive," a person with direct knowledge of discussions told The Associated Press. "Everybody's going to be making more money."
Big 12 officials have told member schools that the loss of the Denver television market and Nebraska would not weaken the league's negotiating position with TV networks as much as feared, the person said.
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 the departure of Texas, Texas Tech, Oklahoma and Oklahoma State to the Pac-10 was "imminent," citing four sources within the Big 12.
A source told ESPN's Joe 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.
-Per ESPN
