Economist Dr. Ray Perryman released an analysis that concludes that if A&M were to leave, the state would lose 3,050 jobs and $217.2 million in output each year, even if the rest of the conference remains intact.
The Aggies’ departure would reduce state fiscal revenue by $28.2 million a year and losses to local governments would total $13.1 million, Perryman estimated.
A&M’s Board of Regents voted Monday to give Texas A&M President R. Bowen Loftin the authority to take any action he deems necessary regarding conference alignment.
The move comes amid speculation the Aggies want to leave the Big 12 for the Southeastern Conference, which reaffirmed its 12-school alignment Sunday, but left the door open for expansion.
The vote came soon after the chairman of the Texas House Committee on Higher Education, state Rep. Dan Branch, indefinitely postponed a legislative hearing on A&M’s possible move.
Loftin said Monday there is still a chance the Aggies will stay in the Big 12.
He said A&M is looking only at the Southeastern Conference right now, but didn't rule out other possibilities.
Loftin says any realignment by Texas A&M would take place after a "lengthy' process.
If A&M leaves the Big 12 and the conference dissolves because of other realignments, losses in total spending could top $1 billion, 8,329 jobs would be lost, state fiscal revenue would be reduced by $53. 2 million per year and local governments would lose a total of $22.6 million a year.
"Schools in the premier conferences also realize notable benefits such as national media exposure and lucrative media contracts, and the presence of four schools in a premier conference is important to Texas' ability to capitalize on the potential economic stimulus of college athletics," Perryman said.
Perryman who is a graduate from Baylor and also an economist there says the Perryman group did not receive any money from Waco or Baylor to compose this report. In fact he says the Perryman Group did it on it's own, noting he was not commissioned by anyone for the analysis.
Texas A&M Economist, Dr. Thomas Saving says although he hasn't read the whole report, but says the part about thousands of jobs and millions of dollars being lost is "absolutely absurd".
Saving says "SEC fans will show up". He says "have you seen how they travel to Nascar events?" "Have you seen Tennessee football games? They pack in 100-thousand plus fans and those fans travel." "So this report is absolutely absurd."
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