Buyouts for Mizzou, A&M need approval
The chairman of the Big 12’s board of directors says the
conference has agreed to terms with Texas A&M and Missouri on
the schools’ exit penalties but the league’s members must still
give final approval.
Oklahoma State President Burns Hargis said Friday that the
schools agreed to the terms ”long before” West Virginia’s entry
into the conference was finalized this month.
The university’s board of regents voted Friday to grant Hargis
power to execute final settlements, and he says every conference
member must take a similar step before the arrangements are
Hargis refused to comment on terms. League bylaws call for 90
percent of the schools’ payouts over the next two years to be
Conference spokesman Bob Burda also confirmed that the
settlements had not been finalized.