Found the press release on it. It sounds like a 7 year PSL that you buy to give
you the opportunity to buy the same seats every year until 2031.
They will come in 2 tiers. The upper level tier will give you an all-session pass to all games for all teams. The lower-level tier will give you tickets for just your team's games.
Today, the Big 12 Conference announced the launch of the Basketball All-Access Pass, a new membership program for fans at the Big 12 Men’s Basketball Championship. This membership – which includes a Premium and Priority option – will provide fans the opportunity to purchase the same seat...