Pistols Firing · Jul 27, 2021
ESPN Reportedly Owes UT for Longhorn Network, Which Could Help Fund Big 12 Exit
A big question mark as to how Oklahoma and Texas are going to quickly jump ship to the SEC has been money, but there might be at least part of an answer to that.
Chip Brown, a Texas insider for 247Sports, tweeted Tuesday that ESPN still owes Texas for the final 10 years of the $20-year, $300 million contract for the Longhorn Network. The money could help the two schools parachute out of the Big 12.
A source close to the situation said the buyout money for #Texas and #Oklahoma to leave the #Big12 before 2025 could come from the roughly $160 million #UT is still owed by ESPN for the final 10 years of ESPN's 20-yr, $300 million contract with Texas for the Longhorn Network.