The American Athletic Conference and ESPN have agreed to a
12-year, $1 billion media rights deal beginning in the 2020-21 season, according to Sports Business Journal. The deal will pay each school $6.94 million annually, which is about $5 million more than they were making under the previous deal.
Just because it says a billion doesn't mean you're making money.
The American Athletic Conference and ESPN have reached agreement on a new 12-year television contract that will increase revenue to the league's school's but leaves them far behind their Power Five counterparts
www.usatoday.com
The new deal will give out more money per year but may make it more difficult to watch UConn games.
www.theuconnblog.com
AAC buyout. This means that three athletic departments are expected to be following the standard protocol. That means paying an exit fee of $10 million each, and 27 months’ notice that they’ll be leaving.
This would mean that the three teams set to leave the AAC would be out for the Fall of 2024, most likely. However, staying around for three awkward seasons isn’t what anyone wants. The Big 12, the three teams leaving, and the AAC all want this done sooner, frankly, and for various and complex reasons.
With three teams leaving for the Big 12, there are a lot of questions that need to be answered. Notably what will the buyout look like and how long it will take to go into effect?
www.underdogdynasty.com
There is no doubt that Big 12 is working on an exit plan for OU and Texas thus using that money to pay the exit fees for Cincinnati, Houston and UCF. Those 3 would pay back the Big 12 as they will not get full contract money for 3 or more years from big 12. BYU being an independent will more than likely get full money a lot quicker than the other 3.
This is just my opinion as I don't see OU and Texas being in the conference in 2022 or Next might be their last year. Deals will be made.