The Dude comes out of protected status to deliver this whopper of a story:
Christopher Lambert@theDudeofWV·5h
Yesterday I saw the economic impact reports of OU and UT leaving the Big 12. They made me sick to my stomach.
Christopher Lambert@theDudeofWV·5h
This transcends sports. It’s just wrong. Especially when OU and Texas forced the Big 12 into decisions that make the impact of their leaving worse than it would have been otherwise.
Christopher Lambert@theDudeofWV·5h
For example, the Big 12 would be in a much better position today had it expanded in 2016. It didn’t expand because of Texas and OU.
Christopher Lambert@theDudeofWV·5h
I was a Longhorn before I was a Mountaineer. The very first football game I watched was Texas & Arkansas. I hate saying this.., Texas is a cancer.
Christopher Lambert@theDudeofWV·5h
According to the report, WVU faces less economic harm than its mates in the Big 12, but the loss of ancillary revenue for WVU is over $100 million. For others estimates eclipse $250 million.
Christopher Lambert@theDudeofWV·5h
I’m in over my head on this one. I don’t have the talent, time or resources to do this justice. I’m sick. I’m not getting better, and I’m just not suited for this. But what happened offended me. And if you knew the details it would offend you too.
Christopher Lambert@theDudeofWV·5h
I’ve never had less faith in the legitimate media. They refuse to address the real story. They are failing to do the research, not consulting with the right experts, and reporting less than accurate details.
Christopher Lambert@theDudeofWV·5h
If nobody else is willing to go to bat, then I have to try. Even if I strike out and look like a fool in doing so.
Christopher Lambert@theDudeofWV·5h
I believe ESPN, already hit hard with cord cutting, lost billions in advertising revenue because of COVID.
Christopher Lambert@theDudeofWV·5h
I believe OU and Texas agreed, in principle, to extend the Big 12 grant of rights as a prelude to contract negotiations with ESPN & Fox. ESPN, after receiving word of the Big 12’s interest in early negotiations, informed Texas it would no longer pay a premium for Big 12 rights.
Christopher Lambert@theDudeofWV·5h
ESPN also notified Texas it exercise options to end LH network. ESPN influenced Texas to recruit OU and engineered their eventual move to the SEC.
Christopher Lambert@theDudeofWV·5h
ESPN, having arranged the move to the SEC, refused to begin talks with the Big 12. OU and Texas used that refusal to back out of their agreement to extend the GoR.
Christopher Lambert@theDudeofWV·4h
The Big 12 must add two. I believe those two will be BYU and UCF. They must replace OU and UT as part of their duty to mitigate damages. They must add at least two because their contract is void without at least 10 members.
Christopher Lambert@theDudeofWV·4h
As for the SEC. I’m told the SEC had always been reluctant to accept to expand membership in cases where doing so likely killed the conference. They were encouraged by ESPN to accept OU and UT.
Christopher Lambert@theDudeofWV·4h
The SEC and Big 12 had a longstanding gentleman’s agreement that precludes the Big 12 expanding into SEC territory and the SEC from poaching from the Big 12. The sugar bowl deal was offspring of that agreement.
Christopher Lambert@theDudeofWV·4h
I believe the Big 12 has evidence proving ESPN’s tampering. I believe UT became part of the scheme when it recruited OU. I believe both OU and UT acted in bad faith as Big 12 members.
Christopher Lambert@theDudeofWV·4h
According to the economic impact projections the Big 8 face ancillary losses of revenue that near $1 billion (combined). What’s ESPN’s potential liability now?
Dun Woody@dun1870gc·4h
Replying to @theDudeofWV
This is great incestigaticework and it demands someone other than Bowlsby, anyone, like Luck, should be holding ESPN's feet to the fire and negotiating a "make good deal" for Big12: $, alliance with SEC, bowls, time slots, etc
Christopher Lambert@theDudeofWV·4h
It fell into my lap. I wish I didn’t know.
Christopher Lambert@theDudeofWV·5h
It would be in a much better place had it not traded pro rata for CCG money.
Christopher Lambert@theDudeofWV·4h
The Big 12 should show its cards to the world.
Christopher Lambert@theDudeofWV·4h
The Big 12 scandal has the potential to fundamentally change the economics of college sports and expose levels of greed and plotting never imagined.
Christopher Lambert@theDudeofWV·4h
Who sets the market value for OU & UT? The same organization who tampered with the Big 12 and needs them to go away.
Christopher Lambert@theDudeofWV·4h
Just so you understand. ESPN faces massive liability, yet they get to unilaterally decide the value of the Big 8 without providing any substantiation for their appraisal. Do you see anything wrong with that?
Christopher Lambert@theDudeofWV·4h
How can the national media not recognize the conflict of interest? ESPN needs the Big 12 to dissolve. Or they going to squeeze the Big 12?
Christopher Lambert@theDudeofWV·4h
The other big takeaway is the days of ESPN paying premium for college sports are over.
Christopher Lambert@theDudeofWV·4h
And the national media… where do you think their value is estimates come from? Who is telling them the Big 8 is worth $12-14m?
FreeMason@kenneyclone·3h
Bob Bowlsby is... Bowlsby should have kept his mouth shut. Media ran with Bowlsby narrative. There is no way Big 8 value is 12-14 mil... KU Tier 3 deal alone is near $10 mil. WV is $8-$9 mil? Etc. There is no way you can tell me that Jim Fisher is more valuable than WV program
Christopher Lambert@theDudeofWV·3h
WVU's was $7 to $12M. Before they gave ESPN T3 rights.
Christopher Lambert@theDudeofWV·3h
The Iowa, Kansas, Texas and West Virginia legislatures need to appropriate gap funds for Big 8 schools until they can negotiate a new contract. I suggest Texas takes the money given to Baylor, TCU and TTU from UT's SEC share.
Brett Broyles@BrettTBroyles·3h
TCU and Baylor are private, therefore they won’t receive financial support out of Austin.
Christopher Lambert@theDudeofWV·3h
They should...
Christopher Lambert@theDudeofWV·3h
Expect the Big 12 to pursue traditional revenue options including a sports betting partnership that perhaps includes NFL-like injury reports.
Christopher Lambert@theDudeofWV·3h
Amazon and DAZN have already expressed interest in Big 12 media rights.
Louis Oliverio@LouisOliverio·3h
Would kill recruiting. The money may be better but no one would see the B12 on TV other than the loyal fans.
Christopher Lambert@theDudeofWV·3h
Big 12 would still be on traditional TV. Just most games streaming.
Christopher Lambert@theDudeofWV·5h
I’ve consulted with several attorneys who advise that ESPN and UT potentially have massive liability that could easily exceed $200 billion dollars. I had not seen the economic impact projections yet.
Shawn@McCoyShawn13·3h
Nothing is going to happen
Christopher Lambert@theDudeofWV·3h
It's already started.
Christopher Lambert@theDudeofWV·3h
But if ESPN and the Big 12 don't quietly settle, walls are coming down. State AG's pursuing antitrust suits, Federal antitrust suits, dirty laundry revealed by discovery. And millions in legal fees.
Christopher Lambert@theDudeofWV·3h
Look, I expect ESPN and the Big 8 reach some type of deal. They have to, else its going to get very bad for both. I expect the Big 12 to have a new primary broadcast partner. My bet is both Amazon and DAZN share rights much like ESPN and Fox do now.