Big 12 Will Evenly Distribute Colorado And Nebraska Buyout Money

These Big 12 stories have a way of taking on a life of their own -- but for good reason. You see, when the Commissioner of your conference comes out and says "part of their thinking is that we'll hold out the distribution [money] that would have gone to us (the Big 12 conference) from those member institutions and use that to help Texas A&M, Oklahoma and Texas hopefully stay in the conference."

"Their" in this case is Missouri, Kansas, Kansas State, Iowa State and Baylor. And he is clearly indicating that these teams would give up their share of Colorado and Nebraska's buyout money -- reported to be worth a total of $35-40 million -- to Texas, Texas A&M and Oklahoma to keep them in their conference.

After he said that, the denials from both Missouri and Texas officials came out saying they didn't know anything about it.

Apparently, they're right.

A Big 12 spokesman confirmed to the Associated Press that Beebe's words were just a "good-faith offer" and that the money would in reality be distributed evenly, as the bylaws state.

So, to get this straight -- Beebe publicly told reporters that they were thinking of giving the buyout from for the shares of five schools to Texas, Texas A&M and Oklahoma. But that is not the case.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation Kansas City

You must be a member of SB Nation Kansas City to participate.

We have our own Community Guidelines at SB Nation Kansas City. You should read them.

Join SB Nation Kansas City

You must be a member of SB Nation Kansas City to participate.

We have our own Community Guidelines at SB Nation Kansas City. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.