Third party company Navigate has estimated the future annual payouts (inclusive of everything) for the P5 conferences, and it's interesting to see that they do not project a drop in Big 12 payouts - although the Big 12 ultimately provides for the lowest P5 payouts beginning in 2026. Personally, I would consider their projects to be the ideal scenario given the loss of OU/UT.
Navigate projects SEC and Big Ten per-school payouts will be $40-50 million clear of rest of Power Five by 2026 (msn.com)
Navigate projects SEC and Big Ten per-school payouts will be $40-50 million clear of rest of Power Five by 2026 (msn.com)