Earlier this week the Big 12 Conference took a major step toward preserving conference stability with a new revenue-sharing plan that grants each member school equal rights to revenue generated in Tier I and II football and basketball games. While there are now only nine teams that compose the “Big 12,” the conference board of directors all voted in favor of equal sharing of Tier I and II television revenues. It’s a move that some schools within the conference have been waiting years for, and has other schools fleeing to conferences with plans like this in place.
Big 12 university leaders agreed to equally share the wealth from the conference’s most lucrative television deals if its members agree to lock those top-tier TV rights into the league for at least six years.
The league’s announcement Monday was an encouraging sign for the long-term health of the conference, but it is no done deal.
Missouri is considering leaving the Big 12, possibly for the Southeastern Conference, and the university’s board of curators is scheduled to meet today in St. Louis.
On September 22, 2011, Dan Beebe stepped down from his position — which he had held for four years — as Big 12 Commissioner. On Tuesday, 79-year-old Chuck Neinas, a veteran in the world of college sports, will officially assume the title as interim commissioner of the Big 12 Conference.
Well, the Big 12 is going to stay alive, but Dan Beebe’s time as conference commissioner has come to an end.
Beebe fell on the sword for the Big 12 on Thursday, stepping down as commissioner in order to appease Oklahoma University, which said it would remain in the conference as long as there was a new commissioner in charge.