UT Austin and the University of Oklahoma are set to leave the Big 12 Conference one year earlier than expected.
UT Austin first announced its intention to leave the Big 12 Conference for the SEC in 2021. The school is now poised to leave the Big 12 one year early.
The Longhorns and Sooners, which were founding members of the Big 12, will pay a price for their early departure from the conference. The Big 12 said in a news release that the schools will pay a total of $100 million to the conference “in foregone distributable revenues, which OU and UT will be able to partially offset with future revenues.”
“By reaching this agreement, we are now able to accelerate our new beginning as a 12-team league and move forward in earnest with our initiatives and future planning,” he said.. The schools first asked to join the SEC in July 2021. SEC Commissioner Greg Sankey said Thursday the conference is preparing to welcome them early.
“The Big 12 has been a respected partner for nearly three decades, and we look forward to a final season of spirited competition with our friends and rivals,” he said.
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