Why does everybody say we can't afford a $12 million buyout? Utter non-sense. Certainly not optimal but that's the stakes at the highest levels.
https://www.blackandgoldbanneret.co...was agreed upon that,new TV contract kicks in.
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It was agreed upon that UCF, Cincinnati,
BYU, and Houston are to receive a fixed lower share of approximately $18 million in 2023-2024 and $19 million in 2024-2025 from the media deal, and then get a full share starting in 2025-2026, after the Big 12’s new TV contract kicks in. The payouts for these four schools are to come from the payouts the remaining eight were receiving from ESPN and Fox. To make up for it, the eight would then recoup those funds from the exit fees of Texas and Oklahoma,
per CBS’ Dennis Dodd."
Once we get to the 2025-26 season, UCF — and the other 15 schools — get full drops. The final annual revenue total under the new media deal with ESPN and Fox would push into the range of $50 million per school. The new deal will run from 2025-31 and include a Grant of Rights provision."
