Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Texas A&M, Missouri Sacrifice $25.3 Million on Big 12 Exit

Feb. 29 (Bloomberg) -- Texas A&M University and the University of Missouri will sacrifice a combined $25.3 million as part of an agreement to leave the Big 12 conference for the Southeastern Conference on July 1.

Big 12 officials said in a statement yesterday that they will withhold an estimated $12.4 million from Texas A&M’s projected distribution for this year. The school will still get a portion of the proceeds the league received from the signing of its television contract with Fox Sports.

The conference said it will withhold $12.4 million in revenues set to go to Missouri, which agreed to waive any claim to benefits from the Big 12 television deal. Missouri also agreed to pay the conference $500,000 for its share of officiating expenses for the 2011-12 athletic year.

“We are pleased to have these issues resolved and we wish the Big 12 and its continuing member institutions the best in the future,” Missouri Chancellor Brady Deaton said.

The departures of Missouri and Texas A&M for the SEC came a year after Nebraska left the Big 12 for the Big Ten and Colorado exited to join the Pacific 12. The Big 12 is adding West Virginia and Texas Christian next season.

To contact the reporter on this story: Erik Matuszewski in New York at

To contact the editor responsible for this story: Michael Sillup at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.