Texas, Oklahoma expected to declare intent to leave Big 12 in '24-48 hours' with SEC as landing spot

SmashMouth · 07-23-2021, 03:46 PM

Texas and Oklahoma are expected to declare their intention to leave the Big 12 in as soon as "24-48 hours," a prominent Big 12 source told CBS Sports on Friday. The Longhorns and Sooners are set to inform the Big 12 on Monday that they will not be renewing their grant of rights agreement with the conference, Horns247's Chip Brown reports.

"I'm not saying it's 100%, but it's close to it in terms of being a done deal," a Big 12 source intimately involved in the process told CBS Sports.

"It could be as soon as 24-48 hours and as long as two weeks before we have any clarity in terms of timing," said the source in reference to when Texas and Oklahoma would expect to formally join the SEC.

If the programs were to effort an SEC debut in 2022, each could owe up to $80 million to the Big 12 as a penalty for leaving before the current TV rights contract expires after the 2024-25 season. That total equals the combined revenue distribution per school of the last two years.

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07-23-2021, 03:46 PM	#1
SmashMouth I donated, did you? Join Date: Sep 2007 Location: Mandeville, LA Posts: 38,550 Blog Entries: 29	Texas, Oklahoma expected to declare intent to leave Big 12 in '24-48 hours' with SEC as landing spot Texas and Oklahoma are expected to declare their intention to leave the Big 12 in as soon as "24-48 hours," a prominent Big 12 source told CBS Sports on Friday. The Longhorns and Sooners are set to inform the Big 12 on Monday that they will not be renewing their grant of rights agreement with the conference, Horns247's Chip Brown reports. "I'm not saying it's 100%, but it's close to it in terms of being a done deal," a Big 12 source intimately involved in the process told CBS Sports. "It could be as soon as 24-48 hours and as long as two weeks before we have any clarity in terms of timing," said the source in reference to when Texas and Oklahoma would expect to formally join the SEC. If the programs were to effort an SEC debut in 2022, each could owe up to $80 million to the Big 12 as a penalty for leaving before the current TV rights contract expires after the 2024-25 season. That total equals the combined revenue distribution per school of the last two years. more here