Big 12 Commissioner Bob Bowlsby told senators the value of its TV deal would be cut in half if Texas and Oklahoma leave the conference.
Hartzell said Texas initiated contact with the SEC, reaching out to the conference in the spring. He said the idea of joining other conferences such as the Big 10, Atlantic Coast Conference and Pac-12 was considered internally, but Texas never contacted those leagues.Hartzell said Texas' athletic budget was between $220-$225 million per year—one of the largest in the country.
Texas lawmakers dug into the future of the Big 12 without the Sooners and Longhorns. Bowlsby said the TV contract value would take a 50 percent hit. Rhoades said the financial implications could put into question upcoming projects—including the building of a new basketball arena—and affect academic opportunities for students. Rhoades said the school, like others impacted, will also struggle to attract and keep talent on the field and in coaching staffs.
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