Big 12 agrees to revenue-sharing proposal
The plan calls for the conference to equally distribute all revenue from its network and cable television football contracts — known as Tier I and Tier II, along with men’s basketball and NCAA Tournament television revenue.
The sharing would take effect this year if each school agrees to a six-year grant of its Tier I and II rights. Essentially, a school surrenders that income to the conference for that amount of time.
The schools are in the process of exploring that provision through their boards, but the vote to accept the proposal among presidents was unanimous.
The Big 12’s five-member expansion committee has been reactivated and that the conference has been encouraged by the amount of schools that have shown interest in the league, although Neinas wouldn’t be specific.
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