Big 12 Presidents Approve Revenue Sharing
IRVING, TX - The Big 12 Conference says school leaders have agreed to equally share first- and second-tier television money if its members agree to give the league their TV rights for at least six years.
Interim commisioner Chuck Neinas says the vote should be seen as a positive sign for Missouri, which is reportedly considering whether to stay in the conference or join Texas A&M in the
Neinas says he plans to visit with Missouri officials this week to state the league's case for staying put, but not before the school's curators meet Tuesday.
The revenue-sharing model had been proposed by Texas several weeks ago, but was waiting for a vote by league presidents. School leaders, who make up the Big 12 Board of Directors, voted Sunday and said each school must still approve the granting of TV rights.