The biggest catalyst for this seems to be that ESPN and Fox have refused to begin negotiations over renewing their B12 contracts, which expire in 2025. No renewal from them would probably mean that CBS (which lost the SEC to ESPN starting in 2024) and Ballys would be the only networks left to pick up the contract, probably with a smaller payout for the B12. The B12 teams already get about $6 million less per team than the SEC teams.
ESPN will pay the SEC $300 million a year, five times what CBS currently pays. That means the SEC will earn about $1 billion a year (compared to $409 million for the B12). The league already pays about $44 million a year to each team, so the extra $250 million could get the 14 teams an additional $17 million a year, to about $61 million. But if you go to 16 teams, that means each team would lose about 1/7 of that amount, or $8.5 million (if my math is correct). That brings the total down to about $53 million.
It's been reported that Texas would scrap the Longhorn Network -- which is contracted with ESPN through 2031 -- if it joins the SEC.
Any B12 team would likely have to pay a $12 million exit fee, which is what A&M and Mizzou each paid to join the SEC. Given the possible additional money that would likely come from the SEC, that's probably not a big deal for a team wanting to leave the B12 for the SEC.
In order to add teams to the SEC, 3/4 of the current schools -- 11 of the 14 -- would have to approve. A&M would likely vote no.
Last Edited: 7/22/2021 10:46:01 PM by Pataskala