From the Big 12 Conference
The Big 12 Conference Board of Directors agreed to a formal grant of television rights for a minimum of six years during a teleconference today. The approval by the Board was unanimous; however the University of Missouri did not participate in the vote on the advice of legal counsel.
Interim commissioner Chuck Neinas was authorized by the Board to immediately distribute legal documents for institutional execution. An earlier vote related to equal revenue distribution becomes effective upon the formal assignment of rights by all institutions. The Board did not set a deadline but indicated a desire to expedite the approval process.
The grant of rights was included in a joint resolution proposed by both the University of Oklahoma and the University of Texas. In addition to the grant of television rights for at least a six-year period, the proposal included agreements related to high school content and access to football games for institutional third-tier telecast packages.