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dennisdoddcbs 10:01pm via TweetDeck
B12 expansion convo, well, expands. B12 could earn an additional $1 bill by adding 4 teams, CBS Sports has learned.
dennisdoddcbs 10:11pm via TweetDeck
Texas vs. $1 billion in expansion. Who you got?
Big 12 could earn an additional $1 billion by expanding
>>DALLAS -- Big 12 administrators will be presented with information this week at the league's spring meetings that expansion could earn the conference at least an additional $1 billion over the length of its remaining TV rights contract, CBS Sports has learned.
If the league expands by four teams, provisions in its contracts with ESPN and Fox provide money for that benchmark. If the expansion is by two teams, the increase would be $500 million.
Those rightsholders are contractually bound to provide "pro rata" for any new Big 12 members. That is, any new members would be paid an equal share of the current Big 12 members -- approximately $23 million per year. <<
B12 expansion convo, well, expands. B12 could earn an additional $1 bill by adding 4 teams, CBS Sports has learned.
dennisdoddcbs 10:11pm via TweetDeck
Texas vs. $1 billion in expansion. Who you got?
Big 12 could earn an additional $1 billion by expanding
>>DALLAS -- Big 12 administrators will be presented with information this week at the league's spring meetings that expansion could earn the conference at least an additional $1 billion over the length of its remaining TV rights contract, CBS Sports has learned.
If the league expands by four teams, provisions in its contracts with ESPN and Fox provide money for that benchmark. If the expansion is by two teams, the increase would be $500 million.
Those rightsholders are contractually bound to provide "pro rata" for any new Big 12 members. That is, any new members would be paid an equal share of the current Big 12 members -- approximately $23 million per year. <<