The Oklahoma Sooners and the Texas Longhorns are nonetheless members of the Big 12, nevertheless it’s no longer a secret that they may almost definitely shift convention allegiances from the Big 12 to the SEC. The expectation is that that the switch will come to fruition in 2025, however that could come even earlier, sources inform the Action Network.
There is “growing sentiment” and “momentum” for Oklahoma and Texas to leave the Big 12 a yr early and be part of the SEC in 2024, business sources informed Action Network. The Big 12’s present Grant of Rights expires July 1, 2025. Oklahoma and Texas have indicated they’re dedicated to remaining in the Big 12 till then earlier than transferring to the SEC for the 2025 season. However, that timetable has since been accelerated and will even get accomplished by subsequent month, sources mentioned.
It doesn’t sound that such an early transfer from the Big 12 to the SEC by Oklahoma and Texas is shut to occurring, however there are some parts that would make the mentioned colleges’ switch get expedited. Among the elements talked about by The Action Network is that if the Big 12 welcomed 4 groups in 2023 and if the Big Ten expanded into 16 groups.
In addition, exiting the Big 12 would require Oklahoma and Texas to pay charges, which might additionally rely on the end result of ESPN’s TV rights deal negotiation with the convention.
Big 12 bylaws require Oklahoma and Texas to pay an exit charge the sum of the league’s distribution for two years — which is about $84 million per faculty, sources mentioned. Historically, when a faculty leaves a convention, that exit charge is negotiated down to about 60%, which means OU and Texas might presumably get out for about $50 million every.
Once Oklahoma and Texas ultimately leave the Big 12 and be part of the SEC formally, the world of school sports activities won’t ever look the identical.
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