IRVING, Texas The Big 12 Board of Directors announced the conclusion of its Baylor University Verification Process and unanimously accepted and adopted the independent verification report regarding Baylor’s return to compliance with Big 12 Conference Bylaws.
As stated in the Verification Report, ”The Verification Team is of the opinion that Baylor has in all material respects structurally completed and practically implemented the (105 Pepper Hamilton) Recommendations as of the date hereof. Whether the recommendations that require future action or are aspirational in nature will continue to be implemented in a sustainable manner will only be verifiable over time.”
To date, the Big 12 Conference has withheld $14,255,000 from Baylor’s revenue distribution. From the amount currently withheld, Baylor will immediately reimburse the Conference for its legal costs associated with the Verification - currently $1,651,000. The approximately $12.6 million remaining will be invested for the next 48 months. Net earnings realized on the investments will be distributed in equal portions to the 10 members of the Conference on an annual basis and will be used in funding campus-wide and athletics prevention efforts focused on sexual and gender-based harassment and violence, intimate partner violence, and stalking, including, but not limited to, programming addressing healthy relationships, LGBTQ+ discrimination, and bystander awareness. At the end of the 48-month period the Board will determine the amount to be returned to Baylor minus a $2,000,000 fine for reputational damage to the Conference and its members. The Board action immediately returns Baylor to full participation in future Conference revenue distributions.
“On behalf of the entire Board of Directors, I want to thank Baylor president Linda Livingstone, athletics director Mack Rhoades, and their staffs for their cooperation during this Verification Process,” said Big 12 Board of Directors chairman, and West Virginia University president Gordon Gee. “We are in full support of Baylor leadership and have confidence they are moving the university forward from this chapter”
The Big 12 Board of Directors is comprised of the 10 university presidents/chancellors representing the Conference’s member institutions. As an interested party, Baylor president Linda Livingstone did not participate in the vote.