The Big 12 presidents met on Sunday and agreed to a revenue sharing program that locks up the top-tier TV rights of its members over the next six years.
With the move, interim Big 12 Commissioner Chuck Neinas said he hopes it will stabilize the conference. Big 12 member Missouri has been considering leaving for the SEC, following behind former Big 12 school Texas A&M.
The revenue sharing program will benefit the league’s expansion efforts as well, since the Big 12 just landed a 13-year, $1 billion television deal with Fox Sports last April. Big 12 members like Iowa State are already expecting to see nearly double the amount of television revenue from the new sharing plan.
Expectations like that are simply speculation, as it is unsure how many schools the Big 12 will end up dividing between when all is said and done.
The Big East has also been on the move to expand. Big East Commissioner John Marinatto announced on Sunday that he was authorized to “aggressively pursue” expansion. This came after a meeting between the conference presidents at the Georgetown campus in Washington, D.C.
The schools all reaffirmed their commitment to the Big East, but again it is speculation until the dust settles on conference realignment.
The conference is still targeting the military academies of the Air Force and Navy as football members. East Carolina has also applied for membership to the Big East and it has options in the other Conference USA schools.