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Mizzou and Big 12 Agree on withdrawal terms

Mizzou SEC

Fans express their excitement for Mizzou's move to the SEC.

Nearly four months after Mizzou made official its July 2012 move to the Southeastern Conference, the Big 12 Conference and MU have reached a financial agreement regarding the separation.

The Big 12 will withhold an estimated $12,410,000 from the revenues otherwise distributable to the university. In addition, Missouri agreed it would waive any claim to the benefits received by the Big 12 Conference from its television contract with Fox Sports, scheduled to commence July 1, 2012. Also, Missouri agreed to pay the Big 12 for its share of the cost of officiating expenses for 2011–12 athletic year, as it has done in previous years, in the approximate amount of $500,000.

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

The Tigers open SEC play in football when they host the Georgia Bulldogs Sept. 8, 2012.