Grant of rights deals allow conferences to control television revenue for their members. If a team or teams leave before the contract is up, the league still maintains those rights. That is part of the reason Texas and Oklahoma have pledged to stay in the Big 12 for the remaining four years of the TV deal.
https://www.cbssports.com/college-football/news/big-12-commish-goes-on-offensive-over-texas-oklahoma-leaving-for-sec-it-makes-no-sense/#:~:text=Grant%20of%20rights%20deals%20allow,years%20of%20the%20TV%20deal.
Edited by MU-TULSA at 13:44:49 on 05/17/22