According to a report from Ross Dellenger of SI.com, the Oklahoma Sooners and the Texas Longhorns have reached an early exit settlement that may permit the Red River Rivals to depart for the SEC in time for the 2024 season.
Since the preliminary announcement again in the summertime of 2021, hypothesis ran rampant about when the 2 faculties would go away the convention they’ve referred to as dwelling since 1996. In the final couple of months, negotiations between Oklahoma and Texas and the Big 12 started to warmth up, with an precise supply being offered to the convention within the final couple of weeks. The Big 12 rejected that provide on the time.
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Late final week, it was reported that the talks between the departing members and the convention had stalled. Apparently, that was solely momentary.
According to the report, Texas and Oklahoma pays a mixed $100 million exit payment to the Big 12 convention. The payment helps offset the loss in media income the remaining eight faculties took once they admitted BYU, Cincinnati, Houston, and UCF.
The basic feeling round faculty soccer was that Brett Yormark and the Big 12 had been motivated to come to a win-win settlement with Oklahoma and Texas. However, Fox, one of many networks that held the Big 12’s media rights, was much less probably to relent, searching for equitable worth to offset the lack of OU and Texas to its competitor, the SEC.
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?????? ????#BoomerSooner pic.twitter.com/vTCLL0VJjC— Oklahoma Sooners (@OU_Athletics) February 10, 2023
Now with the Sooners and the Longhorns heading to the SEC in 2024, the subsequent query is, what’s going to the convention schedule appear like? The SEC is taking a look at a non-divisional format that may have the league taking part in 9 convention video games.
With the settlement, everybody can start to transfer ahead and plan for the longer term. Brett Yormark and the Big 12 can work to characteristic their convention as it is going to be with out a lot dialogue about if and when an early exit may happen. Oklahoma, Texas, and the SEC can start planning for what will probably be an extremely enjoyable convention slate.
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