May 7, 2026
By Brent Schrotenboer, USA TODAY via Yahoo Sports: The University of Colorado Boulder has declined to accept a $30 million line of credit option that is being offered to all 16 schools in the Big 12 Conference as part of a private capital deal with the league.
Colorado confirmed it May 7, becoming one of the latest Big 12 schools to confirm it is saying no to this resource, which comes at an interest rate of nearly 10%. At least eight other Big 12 schools have declined the option, according to reports, meaning a majority of the league is turning it down.
TCU, Baylor, Houston, Cincinnati, BYU, UCF, West Virginia and Utah also have said they have no plans to take the money even though all schools are challenged financially by the rising costs of paying players and coaches.
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