Big 12 to withhold money from Baylor as it investigates sexual assault scandal
The Big 12 athletic conference announced Wednesday that it will withhold potentially millions of dollars from Baylor University until the school can prove that it has implemented reforms in response to its football team's sexual assault scandal.
The conference said it will dock the private Christian university in Waco 25 percent of its annual payouts "until the proper execution of controls is independently verified."
That could be a major hit for the school. In 2015-16, the Big 12 Conference generated $304 million in revenue, which was shared by its 10 members.
"By taking these actions the Board desires to ensure that the changes that were promised are actually made and that systems are in place to avoid future problems," said Big 12 Chairman David Boren, who is president of the University of Oklahoma.
Read more: https://www.texastribune.org/2017/02/08/big-12-withhold-money-baylor-it-investigates-sexual-assault-scandal/