The overriding reason OU and Texas bolted from the conference was due to a Big 12 consultant reaching out to Fox and ESPN to receive an estimate of the 2025 TV rights renewal amount. Reportedly ESPN and Fox refused to offer a renewal amount, which reportedly spooked OU and Texas that their might not be the same amount of money available from the Big 12 TV package in 2025.
After they made the decision to leave the conference, it was widely reported that best case the TV income without OU and Texas would be half of what it is today. Later a story came out that showed an estimate of only a $5 million decrease, but that's still less money than what is received today.
After they made the decision to leave the conference, it was widely reported that best case the TV income without OU and Texas would be half of what it is today. Later a story came out that showed an estimate of only a $5 million decrease, but that's still less money than what is received today.
As for the second part, like most news today, one person says it, dozens of other outlets pick it up and run it under their banner, it then gets referenced as "multiple outlets" saying it but when you read way to the end of each iteration, there is eventually a statement "according to ________" that circles back to the same source.
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