Bailey's comments were subsequently transcribed and published on RedRaiderSports.com, Texas Tech's Rivals.com affiliate website.
While the decision to relieve Big 12 commissioner Dan Beebe stole Thursday headlines, the most important topic was discussing handing over media rights to the conference for a six-year period until the current ABC/ESPN contract expires.
"What that means is if you assign your rights to the conference and you leave, you leave your rights," Bailey told Level and Dickens. "There's a real incentive not to leave. We talked about assigning our rights to the conference for six years which is the period of the ABC/ESPN contract. Most of us have to go to our governing boards to get approval for that, but if that were to happen I think it would be the single most stabilizing factor for the conference."
Bailey suspects after the six-year period is up ABC and ESPN will insist the Big 12 teams hand over media rights for an additional period of time.
"I'm sure at that point ABC/ESPN would want us to assign our rights to the conference," Bailey said. "I'm sure they would probably demand it. They can't very easily do a contract with a conference that is not stable."
Source : collegesportsblog.dallasnews.com