The Big 12 announced Thursday that the conference has reached an agreement in principle to allow the University of Texas and the University of Oklahoma to leave the conference for the SEC following the conclusion of the 2023-24 sports year.
Texas and Oklahoma will pay the conference a combined $100 million to starting at the big 12 a year ahead of schedule.
The measure is subject to final approval by the school’s governing boards.
FORMER OHIO STAR DIMITRIOUS STANLEY DEAD AT 48
«As I have always said, the conference would only accept an early withdrawal if it was in our best interest for Oklahoma and Texas depart by June 30, 2025,» Commissioner Brett Yormark said in a statement. «By reaching this agreement, we can now accelerate our fresh start as a 12-team league and move forward in earnest with our initiatives and future planning. . I appreciate the approaches of OU President Joe Harroz and UT President Jay Hartzell in ensuring an amicable conclusion to this process and I look forward to the bright days ahead for the Big 12 Conference.»
The Big 12 will welcome four new additions — BYU, Central Florida, Houston and Cincinnati — on July 1 to form a 14-team league in 2023-24.
«The Southeastern Conference learned today of the Big 12 Conference’s decision to change the membership exit date for the University of Oklahoma and the University of Texas,» SEC Commissioner Greg Sankey said in a statement. . «We continue our preparation for this membership transition and look forward to welcoming the new members to the conference and moving toward our future as a 16-team league.
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«The SEC chairmen and chancellors previously voted with unanimous approval to accept the application of Oklahoma and Texas to join the conference on July 1, 2025, and now authorized the conference office to proceed to ease Oklahoma’s transition. and Texas to become full members of the Southeastern Conference on July 1, 2024.»
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College athletics have undergone a seismic shift over the past year, as several colleges have switched conferences.
USC and UCLA announced their moves from the Pac-12 to the Big Ten during the summer.