Actually, Greg Swaim says that the Big 12 has offered to pay the entire $20mil. I'd be rather shocked if that is true, unless they get a big bonus on their TV contract to get FSU in.
But, while a lot of people here aren't fans of Swaim, but he's pretty much nailed all the Big 12 related items. He truly has at least one very credible source inside the B12.
I am not a fan of Swaim, and believe he blows some **** out of his ass but rumor has it with FSU and another 1-3 Big Names that the Big 12 ESPN/Fox Tier 1 and 2 Contract could be close to $30 million a year with the additions, championship game, and renewal. That means each of the current Big 12 Team would pay $2 million initially towards FSU for their buyout and they would profit share like WVU the first 3-4 years prior to getting full share to cover that amount.