Big 12 commissioner Bob Bowlsby told Texas lawmakers the loss of Texas and Oklahoma will be costly for the remaining eight schools in the conference. Bowlsby appeared before the Senate Select Committee on the future of college sports in Texas and says currently member schools receive around 28 million dollars in television revenue annually. A chunk of that will disappear when OU and UT take their games to the SEC.

Bowlsby says he is confident the Big 12 will survive.