In a last-ditch effort to convince the Texas Longhorns and the Oklahoma Sooners to remain in the Big 12 Conference, league officials are discussing the possibility of extra additional revenue shares for the two schools, according to a report from CBSSports.com.
“Such a structure would grant the Longhorns and Sooners an additional half-share annually (1.5 shares each), bumping their payouts to approximately $56 million per year,” reports Dennis Dodd. “The other eight schools would decrease their payouts accordingly. Big 12 schools currently average $37 million in annual TV rights earnings, including revenue from bowl games and the NCAA Tournament.