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Champions Bowl Payout = $80 Million

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Jul 23, 2012; Dallas, TX, USA; The Big 12 Championship trophy is displayed during Big 12 Media Day at the Westin Galleria.  Mandatory Credit: Kevin Jairaj-US PRESSWIRE
Jul 23, 2012; Dallas, TX, USA; The Big 12 Championship trophy is displayed during Big 12 Media Day at the Westin Galleria. Mandatory Credit: Kevin Jairaj-US PRESSWIRE

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?