DEBT FINANCING. And then there were 8? Big 12 in danger

Tony Gutierrez/AP
Texas A & M coach Mike Sherman looks on from the sidelines during the Cotton Bowl last fall. Texas A & M has the big 12 for the Southeastern Conference has been approved leave, but is still at risk of lawsuits by big 12 members.
The big 12, an athletic Conference consisting of 10 universities from the central United States must soon as big 8 rebrand. The possible departure of two of its members - Texas A & M and the University of Oklahoma - can destabilize not only the big 12, but also to the College football landscape.
"It was a pretty intense speculation a year ago, that it could be a seismic change in the Constitution of the Athletics College - and it does not happen," says Malcolm Moran, Director of the John Curley Center for sports journalism at Penn State. "A school - Texas A & M - has all of this uncertainty and change is rethrown."
It comes to money and status
At the end of the day, professors and sports commentators say, what Conference boils down a college geared for money and prestige.
In April, Fox Sports agreed to $1.1 billion over 13 years to members of the big 12 40 football games air pay for. The offer "at the highest levels in sources of income in all college athletics" placed, Bill Byrne, Texas A & M Athletic Director, wrote shortly after the agreement was announced. In July, three members of the big 12 - Texas Tech, the University of Oklahoma, and Texas A & M - called annual payments of $20 million each.
Lucrative TV deals
Each College Athletic Conference, is always on the lookout for a lucrative network business. Here is a list of top money-maker, the number of teams in their Conference, and how much they per year on average.
1. PAC-12: 12 teams, $250 million, Fox and ESPN
2. Big ten: 12 teams, $212 million BTN and ESPN
3. SEC (Southeastern Conference): 12 teams, $205 million, CBS and ESPN
4. ACC (Atlantic Coast Conference): 12 teams, $155 million, ESPN
5. Big 12: 10 teams, $150 million, Fox and ESPN
6. Big East: 16 teams, $42 million, CBS and ESPN
-Tasnim2mountain Shamma, NPR
Source: BusinessofCollegeSports.com
It seemed that Texas A & M had appeased the President, issued by the Fox deal, but on 30 Aug., the Texas A & M, R. Bowen Loftin, a statement to explain that the school left the big 12 "[their] national visibility and future financial opportunity to improve."
Texas A & M, approved at the Southeastern Conference, according to ESPN, although his approval is dependent on, whether Oklahoma in the big 12 remains. University of Oklahoma officials meeting on Monday to discuss whether will leave the school of the big 12 and what can be the legal risks.
Decide, what the University of Oklahoma in the coming days and weeks affects not only Texas A & M of the future, but also the financial future of the big 12 - if there is still a large 12.
Decides Oklahoma stay, is the big 12 to remain more likely to recruit social cohesion and new members. Texas A & M: departure be less a slap - but perhaps no clean break.
The big 12 is Texas A & M: on legal claims for damages resulting from the change of membership, according to statement of big 12 Commissioner Dan Beebe application. But he added, can not be the big 12 speak for their individual members, to sue most of those still on their legal right of Texas A & M and the SEC
"Should the departure of Texas A & M result in significant changes in the big 12 membership, several institutions can be affected according to the count on revenues from contracts that were unanimously approved by our members, including Texas A & M,", Beebe wrote. "In some cases members rely adequately on such authorization on commitments to begin, which is millions of dollar costs."
' Geography is not one more '

Athletic conferences, originally as a way to organize Division football games by region I began which now look to their geographical expand reach to attract more viewers and cheap TV markets.
The addition of Utah and Colorado last summer were, for example, the PAC-12 access to another region and more spectators. The invitation to the University of Utah from what then was the PAC-10 was a historic step.
In the meantime the University of Colorado coupled departure with the University of Nebraska conversion to the big ten of left the big 12 just two teams.
Move the PAC-10 that was PAC-12 and higher education in different conferences, the idea of Superconferences was with 16 or more members. PAC-12 Commissioner Larry Scott tries to create one, to secure a lucrative TV contract. In may, Scott signed the richest deal in college sports, date: a $3 billion, 12 years deal with Fox and ESPN.
Observers such as Moran say that these measures make a "Huge mating dance place, unless there is so much money at stake."
Now all about positioning, the best TV and digital offerings get Moran says, is the "could be the difference between the schools to win or lose millions of dollars be."
"The money is, what drives some of these schools and conferences," says Frank Shorr, Director of the Sports Institute at Boston University. "You saw move from the big East in ACC [Atlantic Coast Conference] it with Boston College." "It seems that geography no longer counts and traditional rivalries can stay very well on the track."
The big 12, PAC-12 and University of Oklahoma said, they would have no comment for this post.
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