The University of Texas said it was staying in the Big 12, followed moments later by assurance from Oklahoma, Oklahoma State and Texas A&M to remain in a league that had seemed to be falling apart last week when Nebraska (Big Ten) and Colorado (Pac-10) decided to leave over the next two years.
One of the big reasons Nebraska was not happy with the Big 12 was because it was heavily slanted toward Texas and now that slant will be even greater. The deal that was cut for Texas by Commissioner Dan Beebe will allow Texas to form their own TV network which will generate $3-$5 million, plus based on a TV deal in the works, Texas, along with Oklahoma and A & M stand to make between $20-$25 million per year while the other schools will get somewhere between $14-$17 million. In some cases Texas could make up to $11 million more than some schools. According to the Omaha World Herald, back in 2007, the gap was $3 million from Texas to Baylor, top to bottom.