Originally Posted by alnorth
Its not a myth at all. Between the two of them, they paid almost $27MM to the big 12. Even if that gets distributed to the schools, you asked if the schools are willing to pay $1MM each, but they really aren't, its still found money. Its basically a big pile of money that gets deposited in everyone's account, earns interest for a few months, then goes out to the ACC.
This isn't accurate at all. The schools are not "paying" money, the conference is withholding unearned TV revenue over the next two years. So the conference is not just sitting on tens of millions right now that it can use for FSU's buyout. Also the gross amount withheld between Mizzou and A&M is $25MM, but the net amount is about $3MM less due to A&M getting a portion of the contract signed with Fox last year.