The Champions Bowl -- so new they don't even have their funny looking blazers picked out -- does have a multi-million dollar contract with ESPN.
The bowl, born out of an alliance between the SEC and the Big 12 has signed a contract with ESPN that will pay the two leagues the same money the Rose Bowl will get, $80 million a year.
ESPN continues to corner the college football market, agreeing to telecast the new bowl from 2015-2026. The payout means that each league gets $40 million a year.
I wasn't a math major at UT, but even I can figure out that when that money is divided evenly, the Big 12 will be giving out over $1 million more per year to its 10 members compared to the SEC with its 14 members.
Kinda puts the brakes on any Big 12 expansion rumors doesn't it?