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Texas A&M, Missouri will pay $12.4 mil to exit Big 12

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A day after the Big 12 said they had reached an agreement with Texas A&M and Missouri on the terms of their departure for the SEC, we now have the number to go with those those terms.

And, as expected, it’s nowhere near the $30 million both schools could have paid.

Missouri and Texas A&M announced on their respective athletic websites that the total cost of leaving the Big 12 will be just under $25 million — or, $12.41 million each. But because of items such as direct payments from the NCAA, bowl payouts, etc., A&M will only end up paying the Big 12 $9.31 million out-of-pocket, according to reports by the San Antonio Express News and Dallas Morning News.

As a reference, SEC schools made just under $20 million in payout from the SEC in 2010-11.

Plus, there’s a provision. A&M “will receive a portion of the benefit received by the Big 12 Conference from the signing of its television contract with Fox Sports, scheduled to commence July 1, 2012.”

Missouri, on the other hand, has waived claim to any of the aforementioned TV benefits. Additionally, the school will pay the Big 12 approximately $500,000 for its share of officiating expenses for 2011-12 athletic year.

Here’s the statement from A&M:

“On behalf of Texas A&M University and Aggies worldwide, I would like to thank the Big 12 and its member institutions for the many memories over the past 16 years. We value our ongoing academic and athletic relationships with Big 12 members, and it is our hope to continue many of our longstanding athletic rivalries in the future. We appreciate the Big 12 working with us on a quick and amicable settlement.”

And from Missouri:

“We are pleased to have these issues resolved and we wish the Big 12 and its continuing member institutions the best in the future.”

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28 Responses to “Texas A&M, Missouri will pay $12.4 mil to exit Big 12”
  1. kcrobert10 says: Feb 28, 2012 6:32 PM

    Thank god its over and we can move on, from the great city of Kansas city in the great state of Missouri so long suckers.

  2. helenh777 says: Feb 28, 2012 8:32 PM

    It is good news that these things are finially over.Good luck to Missouri and A&M in the SEC. Except when you play Alabama. Roll Tide
    Too bad it takes so long between football seasons. I would be willing to watch it all year long.
    It is really sad that the Big East couldn’t have handled things the way the Big Twelve did. If they had they may have been able to talk someone else into taking W.VA.’s place this next season. I hear Temple will but haven’t heard for sure. I hope they do.
    It will be nice if in a couple years we can begin playing Pitt. again.

  3. saints97 says: Feb 28, 2012 8:38 PM

    So the Longhorn and Big 12 blowhards were wrong again. Where are those of you who swore they wouldn’t get off for a dime less than 30 million?

  4. tgaustin says: Feb 28, 2012 9:24 PM

    There it is…only took three comments for a Longhorn blast! Freaking love it!

  5. saints97 says: Feb 28, 2012 10:24 PM

    tgaustin, let’s see what you had to say when A&M suggested that they would pay a reduced (from $30 million) exit fee:

    tgaustin says: Aug 27, 2011 9:36 PM

    The “reduced payment” drop was freaking hilarious!! OK, sure, no worries:)… Too Funny, “reduced exit payment”, too good, too good!!

    Here are some more pearls of wisdom from from back on August 27:

    Not only is Notre Dame going to listen to the possibility of joining, Arkansas as well as Pitt will be too!!

    Something about stones and glass houses.

  6. thefiesty1 says: Feb 28, 2012 10:56 PM

    They let them off easy knowing that the next 4-5 years they’ll both have losing records to deal with their fans.

  7. mgm36 says: Feb 28, 2012 11:14 PM

    the big 12 is going the way of the dodo bird and the passenger pigeon – it will be extinct in a few years

  8. mgm36 says: Feb 28, 2012 11:15 PM

    steers & queers – no place but austin

  9. tgaustin says: Feb 29, 2012 11:22 AM

    Aints97…in case you missed it, all three schools did listen to the possiblilty of joining…read before you wright tool! They stayed, but they did listen. While you’re at it, please explain your hatred for the University of Texas…but be careful Delta Bravo…and quick stalking me you freak! Besides, the aggies Athletic Dept. was already in red to the tune of $12 million…so what’s another $9 and change right??

    As for Mgm36…please indulge us with your school of choice. You’re on blast with which ever institution you choose!

  10. thraiderskin says: Feb 29, 2012 11:53 AM

    I’m not banging on these schools for heading to the SEC, but 12.4 million? I don’t know what the economic conditions are like in Texas or Missouri, but I do know that lots of people in this country are having their financial issues, in many states, and to see that 12.4 million dollars are being paid out by schools recieving public financing sort of bothers me. I’m not against the move, i’m against the timing and not for conference cohesiveness.

  11. deadeye says: Feb 29, 2012 1:04 PM

    Although 12.5 million sounds like alot, both universities will make that back, probably within 3 seasons.

    TAMU and Mizzou don’t care about their records at this point. Becoming competitive in the SEC will take some time. They’ll have to build inroads on the recruiting trail. And over time both schools could become quite competitive just as Arkansas and South Carolina have.

    The bigger question is what will become of the BIG12. It began falling apart when Nebraska, Colorado, TAMU, and Mizzou were all still members. It seems quite unlikely that WVU and TCU could provide stability when those other four could not.

  12. mgm36 says: Feb 29, 2012 4:12 PM

    tgaustin, it’s none of your effin business who my school of choice is. I live in Texas.

  13. gopokes0714 says: Feb 29, 2012 4:28 PM

    Glad we saw them out properly this year!

    Like I commented on another article. I don’t really get Missouri. When they finally announced they were leaving the BIG 12 had corrected the issues that caused the instability. The weird thing is that I don’t think even Mizzou fans think they have a chance in the SEC.

    I dont understand how a team says, “We don’t care about winning as long as we get paid”. It seems to be like a big slap in the face for the fans and players. This is how the fans get treated after home field advantage alone upset OU in 2010? Furthermore I question the example it sets for the student athletes, “Go out there and give it your best shot, but we are in it for the paycheck” …”oh, and if someone offers you some cash, you can’t take it.” “That would be wrong”.

    @deadeye I am sorry if my team told me they were not worried about winning for the foreseeable future, I wouldn’t be happy.

    Oh well, I doubt the staff at Mizzou cares much. Gary Pinkel showed his class by voting OSU 4th. Talk about going out of your way to show your team sportsmanship and integrity. But I don’t want to hold it against him, I would like to think he wouldn’t have voted that way sober.

    What will become of the BIG 12? Will two top 25 teams help to stabilize? First the competitive level of a team doesn’t have anything to do with conference stability. Surely you know that, right?

    The BIG 12 has raised exit fees, worked out equal sharing revenue, and have an ESPN network TV deal. Those are the things that stabilize a conference. If it was up to the schools then the Sun Belt and MAC would have died off years ago. There are several news articles outlining how the BIG 12 has gone from the brink of destruction to one of the highest profiting, and stable conferences in the country.

  14. gopokes0714 says: Feb 29, 2012 4:31 PM

    @mgm36 if you don’t want to say then don’t reply. No reason to be nasty.

    But since you took the time to be nasty, why wouldn’t you say who you are a fan of? What do you have to hide? I don’t care if you love SMU, UTEP, or North Texas. Have some pride, you will probably feel better about yourself.

  15. kcrobert10 says: Feb 29, 2012 4:44 PM

    Coach pinkel voted the pokes 4th cause that’s what they were. Ark Lsu and Ala were simply better. As far as I’m concerned I’m not going to belive mizzou can’t win in the sec and if they can’t its a very bad reflection of the big 12 conference. My guess mizzou finishes at the very least 3rd in there divison probably 2nd and it wouldn’t be a big shocker that they can beat Georgia at the zou and its great that we don’t catch ark, Lsu, or Ala on the schedule.

  16. gopokes0714 says: Feb 29, 2012 4:48 PM

    Drinking in Missouri is a bigger problem than I thought

  17. kcrobert10 says: Feb 29, 2012 5:03 PM

    I guess pokes but ill bet mizzou has a better record than ur team next yr.

  18. gopokes0714 says: Feb 29, 2012 5:20 PM

    I will take that bet all day.

    Seriously Mizzou didn’t finish in the top 25. They will be facing and preparing for new opponents every week. And they are not on any preseason polls.

    Looking at the Missouri schedule I predict 5-6, with a 6-6 best.

    OSU is looking at a 9-3 year with a schedule that allows for an outside shot at 11-1. Worst case scenario OSU goes 7-5.

  19. deadeye says: Feb 29, 2012 5:44 PM

    “I am sorry if my team told me they were not worried about winning for the foreseeable future, I wouldn’t be happy.”

    ============================

    @gopokes0714

    That’s a mischaracterization of what I meant. Of course they want to perform as best they can on the field. The reason for the move was NOT because they thought they could win the SEC. They moved because they percieved the SEC to be a source of higher revenue and more stability.

    And if what you are saying is true, then all the teams who rarely have winning records should be seeking weaker conference affiliation according to your reasoning.

  20. gopokes0714 says: Feb 29, 2012 5:55 PM

    Stronger teams in a conference is for strength of schedule, pride, competition, reputation,and fan support. Not conference stability.

  21. kcrobert10 says: Feb 29, 2012 6:37 PM

    Pokes did u forget ur lossing ur qb and best wr. My bet u guys will be lucky to get to 7 wins but u are in a very weak conference. As far as getting ready for new teams that goes both ways we are returning large portions of our team and adding the best freshman wr in the country. By the way mizzou lost 2 top 10 picks in last yrs draft including our qb and probably the best rookie dlineman in the nfl and yet we still did very well and got to 8 wins.

  22. gopokes0714 says: Feb 29, 2012 6:55 PM

    You say since OSU is losing their QB & WR they will have 7 wins at best.

    If only we had some history of replacing a great QB and the nations best WR……. oh that’s right, we do, and we went 11-2

    Then you contradict yourself with your argument with Missouri. Honestly I don’t have anything against Mizzou. You know, that whole enemy of my enemy saying. My comments are only based on what I have read.

    Apparently I am not alone in my thinking….

    http://bleacherreport.com/articles/1072918-oklahoma-state-football-2012-one-good-reason-why-the-cowboys-can-beat-every-opp

    http://cfn.scout.com/2/1158760.html

    http://bleacherreport.com/articles/1085223-missouri-football-schedule-2012-breaking-down-the-tigers-game-by-game

  23. gopokes0714 says: Feb 29, 2012 6:58 PM

    http://cfn.scout.com/2/1142810.html

  24. kcrobert10 says: Feb 29, 2012 7:09 PM

    Pokes u made my point the schedule is favorable for us. Even if we do go 4-4 do u not think we will win 3 non-cons and a or a bowl game to get to 8 to 9 wins again.

  25. gopokes0714 says: Feb 29, 2012 7:19 PM

    The bet was Missouri will finish with a better record. It would appear that Missouri’s best case scenario is OSU’s worst. So yes, I believe OSU will have a better record than Missouri.

  26. snooper007 says: Feb 29, 2012 10:14 PM

    Mizzou with a better win/loss record than Okie State next year?

    Interesting….based on their schedule I see them at 5-6, with two dates TBA and then a spot for the SEC Championship? WTF? That’s setting them up for 13 games using basic math, and laughable at best! Back to their schedule………….

    I see them at 4 – 7 with the idiots still showing 2 dates TBA and the ROFLMAO@ SEC Championship Game……..Now That’s Funny!

    Saturday 09/01/12
    Southeastern Louisiana Lions
    Faurot Field, Columbia, MO — — W

    Saturday
    09/08/12 Georgia Bulldogs
    Faurot Field, Columbia, MO — L

    Saturday
    09/15/12 Arizona State Sun Devils
    Faurot Field, Columbia, MO — — L

    Saturday
    09/22/12 at South Carolina Gamecocks
    Williams-Brice Stadium, Columbia, SC L

    Saturday
    09/29/12 at UCF Knights
    BNH Stadium, Orlando, FL W

    Saturday
    10/06/12 Vanderbilt Commodores
    Faurot Field, Columbia, MO — W

    Saturday
    10/13/12 Alabama Crimson Tide
    Faurot Field, Columbia, MO — L

    Saturday
    10/20/12 — TBA — —

    Saturday
    10/27/12 Kentucky Wildcats
    Faurot Field, Columbia, MO — W (maybe)

    Saturday
    11/03/12 at Florida Gators
    Ben Hill Griffin Stadium, Gainesville, FL– L

    Saturday
    11/10/12 at Tennessee Volunteers
    Neyland Stadium, Knoxville, TN — L

    Saturday
    11/17/12 — TBA — —

    Saturday
    11/24/12 at Texas A&M Aggies
    Kyle Field, College Station, TX — L

    Saturday
    12/01/12 SEC Championship Game
    Georgia Dome, Atlanta, GA — ROFLMAO!

    And then Okie State’s Schedule……………..
    I see them at 500 at 6-6

    Saturday
    09/01/12 Savannah State Tigers
    Boone Pickens Stadium, Stillwater, OK — W

    Saturday
    09/08/12 at Arizona Wildcats
    Arizona Stadium, Tucson, AZ — L

    Saturday
    09/15/12 Louisiana’s Ragin’ Cajuns
    Boone Pickens Stadium, Stillwater, OK — W

    Saturday
    09/22/12 — Open Date — —

    Saturday
    09/29/12 Texas Longhorns
    Boone Pickens Stadium, Stillwater, OK — L

    Saturday
    10/06/12 — Open Date — —

    Saturday
    10/13/12 at Kansas Jayhawks
    Memorial Stadium, Lawrence, KS — W

    Saturday
    10/20/12 Iowa State Cyclones
    Boone Pickens Stadium, Stillwater, OK — W

    Saturday
    10/27/12 TCU Horned Frogs
    Boone Pickens Stadium, Stillwater, OK — L

    Saturday
    11/03/12 at Kansas State Wildcats
    Bill Snyder Fam Stad, Manhattan, KS — L

    Saturday
    11/10/12 West Virginia Mountaineers
    Boone Pickens Stadium, Stillwater, OK — L

    Saturday
    11/17/12 Texas Tech Red Raiders
    Boone Pickens Stadium, Stillwater, OK — W

    Saturday
    11/24/12 at Oklahoma Sooners
    Gaylord Family Mem. Stad, Norman, OK — L

    Saturday
    12/01/12 at Baylor Bears
    Floyd Casey Stadium, Waco, TX — W

    Bottom Line……..Welcome to the Toilet Bowl Mizzou! Enjoy your SEC….Cellar Dwellar!

  27. gopokes0714 says: Feb 29, 2012 10:35 PM

    Without arguing too much of that….I do want to point out that Arizona will be a W.

    We have dominated them the last two years. I go to every game. I have never seen a team quit in the first quarter like Arizona did. We put up a quick 14 and you could see it in their demeanor, they couldn’t compete. They were visibly frustrated, and it was the first quarter.

    As a side note this is why I don’t get OU’s excitement of bringing Mike Stoops back. Because they won a championship over a decade ago? They didn’t win because of Mike, and there certainly wasn’t any defense in Arizona.

  28. kcrobert10 says: Feb 29, 2012 10:48 PM

    What makes u guys think asu is going to win at the zou. Don’t hate just cause we decided to climb out of the cesspool u call the big 12. We nearly beat asu in the dessert last yr beat Texas a&m at college station 2 yrs in a row and only lost one game at home the last 2 yrs. Pokes before u point it out I know it was to ok st. I’ll go on record and say we won’t lose a noncon game with that schedule. The Georgia, Ala, and sc games will be though but I belive we can win 2 out of those last 3 road games against Florida who is down, Tennessee who is very down, and Texas a&m who hasn’t been able to beat us for yrs now there or at the zou. This team has been consistent at putting up 8 win season and is returning a lot of talent next yr.

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