Top Missouri Budget Officials Aren't Concerned About Mizzou's Big 12 Exit Fees
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Top Missouri Budget Officials Aren't Concerned About Mizzou's Big 12 Exit Fees

Date: November 7, 2011
By: Andrew Weil
State Capitol Bureau

Intro: 
The multi-million dollar cost for Mizzou to leave the Big 12 isn't raising concerns among top state budget officials.
RunTime:  0:36
OutCue:  SOC

Wrap: Columbia Republican Senator Kurt Schaefer is the Senate Appropriations Committee Chairman.

He says he thinks Mizzou will end up paying a fee closer to what Colorado and Nebraska paid.   

Actuality:  SCHAF2.WAV
Run Time:  00:12
Description: "Revenues to the university from their agreement with the SEC are so substantially higher than the annual revenues that they got from the Big 12 that that alone would probably be enough to cover it."

Last month, the Associated Press reported the exit cost could be as high as $26 million dollars.

On Monday, Gov. Jay Nixon refused to answer any questions about Mizzou's exit cost.

Reporting from the State Capitol, I'm Andrew Weil.

Intro: 
The multi-million dollar cost for Mizzou to leave the Big 12 isn't raising concerns among state legislators.
RunTime:  0:36
OutCue:  SOC

Wrap: Columbia Democratic Representative Chris Kelley says any cost for Mizzou to join the SEC would be paid for by the athletic department which is financially self-contained.

Actuality:  KELLEY.WAV
Run Time:  00:11
Description: "We don't know how much it will be but we know where it will be paid from and we know, more importantly, from the point of view of the taxpayer, where it won't be paid from."

The Associated Press citing a confidential source had reported the exit cost could be as high as $26 million dollars.

On Monday, Gov. Jay Nixon refused to answer questions about Mizzou's exit cost.

Reporting from the State Capitol, I'm Andrew Weil.


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