Texas and Oklahoma recently made an offer to depart to the Big 12 and FOX in an try to depart the convention for the SEC one 12 months early, according to CBS Sports. Details of the offer will not be clear however it’s identified that the offer was rejected. The most up-to-date improvement between the 2 departing faculties and the convention comes months after CBS Sports initially reported that an early departure from the Big 12 would imply that the convention rightsholder was made entire due to shedding the Longhorns and Sooners from its programming lineup.
As defined by CBS Sports’ Dennis Dodd, FOX and ESPN maintain the linear broadcast rights to the Big 12 by 2024-25.
“ESPN owns 63% of the value from the new $2.3 billion deal that begins in 2025,” Dodd wrote. “As such, it gets top picks with the four best football games each season, six of the top eight, eight of the top 12 and 12 of the top 20, according to SportsBusiness Journal. Fox, which owns the remaining 37% of the deal, receives 26 games per season. It is not clear whether Fox would get access to some of those ESPN picks if a deal was struck.”
That preliminary report of a possible early departure from Texas and Oklahoma got here in August from Dodd.
“If Oklahoma and Texas ultimately leave the Big 12 early, Fox would likely have to be made whole financially because of the loss of the two lucrative TV ratings winners prior to the end of the deal in 2025,” Dodd wrote final August. “Fox’s Big 12 valuation is based on those schools staying for the next three seasons. There is also a Big 12 early-exit penalty to consider as breaking the existing grant of rights that would have to be negotiated. A grant of rights binds a school’s television rights to the conference if it were to leave before the term of a media rights deal.”
Oklahoma and Texas, in summer time of 2021, introduced their intentions to depart the Big 12 for the SEC no later than 2025 in a transfer that set off the newest wave of convention realignment. Beyond the SEC and Big 12, motion within the American Athletic Conference and Conference USA has since occurred as direct domino impact of the SEC determination by the 2 faculties.
Another main realignment domino fell this previous June when USC and UCLA introduced they would depart the Pac-12 for the Big Ten in 2024. That transfer places the Big Ten at 16 faculties, with the SEC set to have the identical depend as soon as Oklahoma and Texas be part of. An early departure for the Sooners and Longhorns would give the 2 leagues an excellent depend on the identical timeline.
Neither Oklahoma or Texas made the Big 12 Championship Game in 2022, and Oklahoma specifically struggled en route to a 6-6 report in coach Brent Venables’ first season on the helm. Texas, in the meantime, improved from a report of 5-7 final 12 months to 8-4 this fall however nonetheless fell one recreation wanting making the convention title recreation.
Brad Crawford contributed to this report.
publish credit score to Source link