The Big 12 will return in excess of $10 million to Baylor University's athletic department, a sum of money withheld by the league beginning in early 2017, SicEm365’s David Smoak and Ashley Hodge have learned from multiple sources.
The net amount Baylor will receive from the league was a little over $14 million less legal fees and a fine levied by the league.
In February of 2017, as voted on by the league’s board of directors, the league unanimously agreed to withhold 25 percent of Baylor’s revenue distribution until the university showed proper advancements in the aftermath of its well documented sexual assault scandal.[...]
The 25 percent withheld amounted to $14,255,000. Legal costs associated were reimbursed and the remaining was invested for the following four years with net earnings distributed to all active Big 12 schools to support a variety of causes.
February of 2022 marks five years from the initial withholding of revenue.
