To help provide stability to the Big 12 conference, Texas Longhorns President William Powers said that his school is open to a new revenue-sharing model, Jim Vertuno of the Associated Press reports.
Big 12 Realignment: Texas Open To Revenue Sharing For Big 12 Stability
“There are methods of doing that, including the way media deals are structured and we’ll be working with our partners in the Big 12 and our media partners to structure something that has stability,” Powers said on Wednesday.
“We are open to every idea...We’ve never said that’s off the table.”
Texas currently receives a larger share (estimated between $15-$20 million per year) of a 13-year, $1.2 billion television deal that the Big 12 conference signed with FOX. Texas also signed their own 20-year, $300 million deal with ESPN for the Longhorn Network.
“A lot of these issues that you hear (about) whether its revenue sharing or whatever, we’ve been working on long before,” he said. “We will continue to work on those. I’m not going to prejudge on how those will come out. There are not any preconditions for the conference coming back together.
“We want a stable, workable conference going forward.”
For more, visit Texas Longhorns blog Burnt Orange Nation.
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