Schulz, Currie Pleased with Big 12 Resolution
Sept. 21, 2010
MANHATTAN, Kan. – The Big 12 Conference announced it has reached an agreement with the University of Nebraska and the University of Colorado regarding their withdrawal from the conference effective June 30, 2011, subject to final approval from the member institutions’ respective governing boards.
“We are pleased to have this issue behind us and are looking forward to a vibrant future for the Big 12,” Currie said. “Thanks to the leadership of Commissioner Beebe and the board of Directors, including President Schulz, this has been resolved expeditiously and amicably without a drawn-out legal proceeding and significant cost.”
“With today's resolution, the Big 12 can look ahead to a bright future,” Schulz added. “My thanks to Commissioner Beebe for his hard work and leadership. It is time to look ahead and move on. The coming years promise exciting competition and a great fan experience for the K-State family. Thanks to our fans, our players and coaches who continue to think big as we pursue our goals of competing for championships in all sports.”
The Conference will withhold approximately $16.12 million from the 2010-11 revenues otherwise distributable to Nebraska and Colorado.
“These agreements were accomplished through a collegial, respectful process among the Conference, its institutions, and the Universities of Nebraska and Colorado that led to a resolution that all parties believe is fair,” Commissioner Dan Beebe said. “The Big 12 has enjoyed its relationship with Nebraska and Colorado and wishes them well in the future."
The settlements allow for the Big 12 to move forward in 2011-12 with a 10-team league.
“This enables us to start a true round-robin competition in all sports next fall,” Currie said. “Our fans have been waiting patiently for a 2011 football schedule, and we anticipate now being able to announce our upcoming slate in a few weeks.”
“The future of our league is very bright and we have 10 tremendous schools committed to our future together,” Currie added.