looks like the Big12 is on the verge of announcing an extension to the ESPN TV deal that would have expired in 2016 to sync up with the Fox TV deal they signed last year. combined, the deals will total $200MM/year (starting in 2013). as part of the agreement, the members of the league also all signed over their rights for 13 years creating some stability where once there was none.
that is $20MM/year per school. will ESPN and Fox REALLY want to sit back down to discuss going to $240MM/year so they can get back to 12 teams and host a title game before the new deals even kick in? i think Texas may get to keep their beloved 10 team league intact for a while, but i guess we'll see.
our current ESPN deal is $155MM/year for 12 teams. i sure hope Swofford pulls a rabbit out of his hat and somehow gets our annual TV revenue up to at least $250MM/year with 14 teams while only being 1 year into the aforementioned deal. even that miracle would only get up to ~$17.8MM/school.
of course, depending on the TV networks willingness to renegotiate with the Big12, they might not be able to get to 12 teams and keep their $20MM/year either. it's possible the networks force them to choose between expansion and less pay or the status quo.