From the same article the CU news came from:
Texas and Oklahoma are not expected to forgo any of their revenue as described in the Big 12 contract. This sets a bad precedent for WSU and OSU in the suit against the other schools.
In addition, ESPN is providing "transition funds" to the SEC to smooth the way for adding Texas & Oklahoma, and paying UT for the rights to the Longhorn network. Some of their funding to UO is in exchange for an agreement to keep scheduled games with Michigan & Nebraska, which ESPN will now have the rights to.
But it's all about taking care of student-athletes.