With Eye on SEC, Oklahoma, Texas Move Toward Leaving Big 12

3 months ago 14
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Oklahoma and Texas took the archetypal ceremonial measurement toward moving to the Southeastern Conference, notifying the Big 12 Monday that they would not beryllium renewing an statement that binds the league’s members done 2025.

The schools sent retired a associated connection that made nary notation of the SEC and said “the universities mean to grant their exiting assistance of rights agreements.”

The “grant of rights” gives the league power of the school’s media rights and runs concurrent with the Big 12′s tv contracts with ESPN and FOX.

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Revenue from the Big 12′s TV deals makes up the bulk of the $34.5 cardinal the league distributed to its members this year.

Texas and Oklahoma person been successful discussions with the SEC astir joining the league, though neither schoolhouse nor the powerhouse league has acknowledged that publicly.

The associated connection work arsenic follows.

"The University of Oklahoma and The University of Texas astatine Austin notified the Big 12 Athletic Conference contiguous that they volition not beryllium renewing their grants of media rights pursuing expiration successful 2025. Providing announcement to the Big 12 astatine this constituent is important successful beforehand of the expiration of the conference’s existent media rights agreement. The universities mean to grant their existing assistance of rights agreements. However, some universities volition proceed to show the rapidly evolving collegiate athletics scenery arsenic they see however champion to presumption their athletics programs for the future."

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