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Blog Entry

Big 12 announces settlement with TAMU, Missouri

Posted on: February 28, 2012 5:38 pm
Edited on: February 28, 2012 5:40 pm
 
Posted by Chip Patterson

A Big 12 football season without Texas A&M and Missouri began to take shape earlier this month when both the conference and the SEC released their 2012 regular season schedule. The Tigers to the SEC East and the Aggies to the SEC West happened quickly, but the fine print of the transaction required much more work.

On Tuesday, the Big 12 announced their settlement with both schools as they make their official exit in time for the 2012-2013 academic year. Texas A&M and Missouri will no longer be members of the conference effective June 30, 2012. In order to get approval from the Big 12's eight continuing member institutions, some sacrifices needed to be made. For starters, the league will withhold an estimated $12.41 million from the revenues otherwise distributable to each school. You can check out the official wording for Missouri and Texas A&M below:

The Conference will withhold an estimated $12,410,000 from the revenues otherwise distributable to the University. In addition, Missouri agreed that it would waive any claim to any of the benefits received by the Big 12 Conference from its television contract with Fox Sports, scheduled to commence July 1, 2012. Also, Missouri agreed to pay the Big 12 Conference for its share of the actual cost of officiating expenses for 2011-12 athletic year as it has done in previous years, in the approximate amount of $500,000.

Texas A&M's agreement, nearly identical to Missouri's just without the inclusion of the officiating costs.

The Conference will withhold an estimated $12,410,000 from Texas A&M's projected distribution for fiscal year 2012. However, the parties agreed that A&M will receive a portion of the benefit received by the Big 12 Conference from the signing of its television contract with Fox Sports, scheduled to commence July 1, 2012, and certain other concessions.

Big 12 Conference Commissioner Chuck Neinas called both agreements "fair" in their respective releases, and with the final details settled both schools can focus on their future in the SEC.

For all the latest expansion rumors and headlines, check out our Conference Realignment Home.

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Comments

Since: Mar 8, 2011
Posted on: March 1, 2012 4:09 pm
 

Big 12 announces settlement with TAMU, Missouri

I'm no Missouri supporter by any sense, but I tend to think that Missouri will be just fine in the SEC from a competitive standpoint. The SEC has some stellar football teams, but once you get past the top two or three each year, the rest are still very good, but still beatable.  I could see them in the top half of the SEC next year.  

In basketball, Mizzouri picked a helluva year to move to a new conference losing the senior class that has driven them. I know Haith has done wonders this year, but I'm curious to see how he starts over next year. If they keep their current pace, they should be in the top half of the league on a consistent basis. Recruiting will be an interesting storyline to follow. Kansas City may slow a bit, but Memphis could open up for recruiting.

I don't blame MU for jumping ship, because it was a money driven move that the board felt was the right thing to do. If some of your fans would stop trying to act like the rest of the Big 12 is a big pile of crap they're wiping off their shoe on the way out the door, you probably wouldn't get so much backlash from the departure. Nebraska did it with class (mostly) but a lot (definitely not all)of the Mizzou fanbase is over the top with their SEC chants and such.  Yes, I realize KU fans help egg that on. Undecided

I'm curious to see if A&M is going to bounce back after their down year.



Since: Dec 14, 2010
Posted on: March 1, 2012 1:09 pm
 

Big 12 announces settlement with TAMU, Missouri

Okaces- Time will tell I suppose...  Last I checked, money is very important to ALL schools. 

I think getting the #1 recruit in the nation, one of the top O Linemen in the country, arguably the best QB recruit in the country, a 5star WR transfer and a medical redshirt Sr Left Tackle was a good starting point for Ol'Mizzou.  I think we'll do better than the Haters think we'll do, but that's why they play the games. 

Like I said, time will tell regarding our sports programs, but as a University, going to the SEC is huge.  Not knocking the Big12 at all, it's just a decision that makes complete sense.  It's a decision that any of the Big12 schools would have jumped on, Mizzou and aTm were fortunate to get the opportunity.



Since: Oct 20, 2011
Posted on: March 1, 2012 9:53 am
 

Big 12 announces settlement with TAMU, Missouri

natrone, enjoy your money while you cntemplate many mediocre football seasonsof 6-5 at best, good riddance to the Tigers and Aggies, your vision of yourselves was always greater than the reality...



Since: Aug 9, 2011
Posted on: March 1, 2012 1:46 am
 

Big 12 announces settlement with TAMU, Missouri

I agree that ND will go to the B1G, it's merely a matter of when now.  After their TV contract expires, based on their performance thus far, they might work as good a deal as BYU, but nothing bigger and that might prompt them to go conference hunting and that will mean the B1G.  I don't really like ND and could care less, but they have a large fanbase, their in the B1G footprint, and their name is much bigger than my grad school Mizzou or ATM nationwide. 

The question I have, is who else would the B1G go for in that case?  I don't think they'd stay at 13, but who packs the same punch as PSU, Nebraska, and Notre Dame?  They could put in a middling team like the SEC did first when they picked up SC and Arkansas some years back until they started winning too many, so now they grabbed ATM and Mizzou for the same reason--fodder.  Assuming the B1G gets BD in another year, who else would be a worthwhile grab?  Apart from Rutgers the Big E has been picked clean and I don't think any of the new Big E teams besides Boise would even be worth a 2nd look and Boise without Moore might not even be that.

Another factor in ND going to the B1G will be this 4-team playoff going around--unless they listen to O'Bama and make it an 8-team playoff--everyone will be scrambling to be in one of the 4 conferences likely to get head of the line privileges for the 4 slots:  the SEC, B1G, B12, and PAC.   The Big E and ACC will both be sitting around watching unless they manage an undefeated champion some year when everyone else has lost at least one.  I think the Panthers and Syracuse have the potential to give the ACC teams a couple more wins similar to ATM and Mizzou for the SEC, but they are always so competitive and close that it's tough to have a 1-loss champ let alone an undefeated one.    



Since: Jan 22, 2012
Posted on: February 29, 2012 8:35 pm
 

Big 12 announces settlement with TAMU, Missouri

Notre dame will never join the B12, they will hold out as long as they can unless the B1G or ACC give them all the benefits of a member but get to keep all their money too.
Notre Dame's TV contract expires in 2013.  Their ratings have been down and the thought is that they won't be making as much as past contracts.  If their TV money starts to disappear they will make a move.  I still think they won't go anywhere but B1G though.



Since: Mar 8, 2011
Posted on: February 29, 2012 4:44 pm
 

Big 12 announces settlement with TAMU, Missouri

Stuz, I agree with you on this, unfortunately it's part of the landscape right now.

I don't get why people cheer for conferences to implode (Big East, Big 12, etc).  Every conference has universities that rely on the conference revenues for athletics and <gasp> academics.  Does someone seriously want to see an entire school suffer to satisy some weird vendetta? 

bigtwelvesux, you wrote "I am a Huskers fan.....There isn't one team in the little 12 besides UT and OU that would say no to the big 10 if an invite came."  As much as I don't like your screen name, I have to agree to an extent.  The B1G is a great conference with a stellar reputation and has been very forward-thinking. Being a Cyclone fan, if an offer came from the B1G, it would probably be foolish for the board to pass it up.  From a geographic standpoint, ISU sits on the outside of the rest of the conference and would likely have the most to lose if more realignment surfaces.

That being said, I don't want to see them go anywhere. I have a deep respect for the rivalries of the old Big 8 days and genuinely miss playing NU, CU and (shortly) MU.  The Big 12 weathered the storm and is still a top conference, whether anyone outside of Big 12 country wants to admit it or not.  And talks of going after reputable teams like Louisville and Cincy only further my belief that the Big 12 is stable and moving in the right direction to solidify itself.

I also believe your blaming Neinas is off base. He was what the Big 12 needed to settle things down. He went after TCU and WVU to at least give some direction to stabilizing the conference. I hope they get the right guy to keep the conference progressing.




Since: Dec 14, 2010
Posted on: February 29, 2012 1:39 pm
 

Big 12 announces settlement with TAMU, Missouri

I'll trade $12mil for $20mil everyday for the rest of my life (hand shake), good bye...




Since: Apr 5, 2009
Posted on: February 29, 2012 11:02 am
 

Big 12 announces settlement with TAMU, Missouri

This is a great settlement for Mu and aTm. A fair number, very close to what NU and CU paid. NU and CU are much happier today than a few years ago. MU and aTm will be happier in the SEC, for different reasons.  I used to be sad that we will not play KU anymore but in the big picture it is not that big a deal. I don't think that we should play them every year, once in a while is plenty. Good luck to the 8 schools that stayed in the Big XII. 



Since: Feb 11, 2009
Posted on: February 29, 2012 3:52 am
 

Big 12 announces settlement with TAMU, Missouri

Hooray, hooray.  Can we move on with life now.  Everyone may not be exactly happy with the way things have settled down, but it's time to think about spring football and the season ahead, which will be decided on the field and not in meeting rooms or courthouses somewhere.



Since: Sep 2, 2011
Posted on: February 29, 2012 3:11 am
 

Big 12 announces settlement with TAMU, Missouri

24.8-9 (that's for the Big East to compensate for West Virginia)=15.8 million. Not a bad profit. We will see if it was worth it for Missouri and Texas A&M when the TV contracts are worked out and if these 2 can make it on the football field.


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