Colorado got $2.5 million signing bonus to join Big 12; other new members didn’t. Why?

LAS VEGAS –  Big 12 Conference commissioner Brett Yormark was asked a question Tuesday about what actually went down behind the scenes one year ago, when he helped convince four schools from the Pac-12 to leave that league and join the Big 12 instead.

He didn’t want to talk about it.

But documents obtained from the schools by USA TODAY Sports – and brief remarks by Yormark here Tuesday – paint a picture of a cutthroat strategy to destabilize the Pac-12 last year to the point that it fell apart to the Big 12’s benefit.

According to the documents, the University of Colorado was offered a $2.5 million signing bonus from the Big 12 Conference last year as an added enticement to get the Buffaloes to leave the Pac-12 and join the Big 12 instead, starting on Aug. 2, 2024.

But here’s what’s curious about that: The other three Pac-12 teams that followed Colorado’s path into the Big 12 a week later apparently didn’t get any signing bonus, according to their Big 12 admission agreements.

Why not?

Was Yormark hoping that by sweetening the pot for Colorado and getting the Buffs to jump first, then the others would do the same out of fear of being left behind in a crumbling Pac-12?

“I’m not going to discuss my negotiating tactics, but listen, we were thrilled that Colorado was the first mover,” Yormark told USA TODAY Sports Tuesday at the Big 12 football media days event. “Ultimately one got us four, you know, when you think about it. Whatever we did in those negotiations seemed to work out pretty well for us.”

How it factors into the realignment timeline

Colorado announced its move to the Big 12 on July 27 last year – the first of eight defections from the Pac-12 last year that all but destroyed it. A week later, Arizona, Arizona State and Utah also announced they were leaving the Pac-12 for the Big 12, but…

Source link : https://sports.yahoo.com/colorado-got-2-5-million-010051538.html

Author : USA TODAY Sports

Publish date : 2024-07-10 01:00:51

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