Texas and Oklahoma will leave the Big 12 following the 2023-24 school year, the conference announced on Thursday evening.
Texas and Oklahoma will leave the Big 12 following the 2023-24 school year, the conference announced in a press release on Thursday evening.
Despite announcing their intent to join the Southeastern Conference over 18 months ago, the Longhorns and Sooners had been contractually obligated to remain in the Big 12 until the end of the 2024-25 school year. This news allows the Longhorns and Sooners to officially become SEC members in the summer of 2024.
Texas and Oklahoma were founding members of the Big 12. That conference played its first football game in 1996.
In exchange for its early exit, the Big 12 said Texas and Oklahoma will owe compensation that totals „$100 million in foregone distributable revenues, which OU and UT will be able to partially offset with future revenues.
