Big 12 Votes To Withhold Revenue From Baylor
via Big 12
The Big 12 Conference Board of Directors voted unanimously to withhold one-quarter (25 percent) of future revenue distribution payments to Baylor University, pending the outcome of third-party verification review of required changes to Baylor’s athletics procedures and to institutional governance of its intercollegiate athletics programs, among other matters.
“The Board is unified in establishing a process to verify that proper institutional controls are in place and sustainable,” said University of Oklahoma president and Big 12 Conference Board of Directors chairman David Boren. “Effective immediately, the Conference is withholding 25 percent of Baylor’s share of any future revenue distribution until the proper execution of controls is independently verified. By taking these actions the Board desires to ensure that the changes that were promised are actually made and that systems are in place to avoid future problems. The proportional withholding of revenue distribution payments will be in effect until the Board has determined that Baylor is in compliance with Conference bylaws and regulations as well as all components of Title IX.”
Baylor was not included in the Board vote and will be responsible for all associated costs.