The Big 12 entered into a financial agreement with two private equity corps in a deal where they came together. The Conference gets money and the schools get potential loans.
Basketball championships are nice but UConn's lack of value primarily because of a mediocre football program caused Big 12 board of directors to say no for now.
The numbers may surprise you and I can tell you one coach that will not be happy when the new roster limit for NCAA football is announced is Mike Gundy.
I'll admit I believe this split is unacceptable, but at least Big 12 Commissioner Bret Yormark did one solid. He gave the league a chance for a revised split.