From Brown's article:
"Now, those three schools are guaranteed to start making $20 million immediately. No waiting. No fuss no muss - $20 million.
That number is better than the payout of the SEC ($17.4 million) for Texas A&M. It also is better than the Pac-10, which initially sold the Big 12 schools on a number of $20 million starting in 2012, but later said it might take a year or two to scale to $20 million, according to sources. The initial number might be closer to $17 million in 2012 and $20 million by 2013 or 2014. So suddenly Texas is better off by $3 million with no waiting."
To suggest that Texas was willing to stay in the Big XII for a measly $3 million per year is absolutely ludicrous. I'm willing to bet, given the current estate tax laws and the lack of any tax this year, that alumni donations will out pace this money 30 to 1. Texas is not hurting for money Chip, hidden behind this thinly veiled argument that the Big XII is essentially worth $3 million to Texas is the fact that this was nothing short of a power play by Texas to have the ultimate authority over their conference.
Try all you want Chip but you can't polish a turd, and that turd right now is the Big XII - 2.