Oklahoma and Texas have reached an agreement with the Big 12 to allow them to leave the conference early and join the SEC following the 2023-24 athletic year. Per ESPN:

Oklahoma and Texas have agreed in principle to pay the Big 12 conference a total of $100 million to join the SEC in 2024, a year earlier than they had originally intended, the Big 12 conference announced on Thursday evening.

The agreement is subject to the final approval from the Oklahoma and Texas governing boards. While the price tag, a fee that the league is describing as foregone distributable revenues, seems like a hefty amount to pay for the early exit, both schools are expected to be able to partially offset the cost with future revenues.

"As I have consistently stated, the conference would only agree to an early withdrawal if it was in our best interest for Oklahoma and Texas to depart prior to June 30, 2025," Big 12 commissioner Brett Yormark said in a prepared statement. "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. I appreciate the approaches of OU President Joe Harroz and UT President Jay Hartzell to ensure an amicable conclusion to this process, and look forward to the bright days ahead for the Big 12 Conference."
SEC Commissioner Greg Sankey released the following statement regarding the move:

Filed Under: SEC Sports


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Tridentds13 months
Imagine roaches paying you to get out of your house. B12 did good.
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oleheat13 months
Should be some good baseball series coming in....
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ColoradoElkHerd13 months
In football, Texas is nothing but a souped up Ga Tech. Their days of being a powerhouse are long gone.
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cwill13 months
They've got more money than any SEC school by a mile...and we are in the NIL era.
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scrooster13 months
Lol U of tejas has sooooo many arse whoopings coming less than seventeen months from now. Well, errrrr, arse beatings to begin first of Sept 2024 so, twenty months from now. These insufferable hubristuc pathologically egocentric pricks deserve to be put in their places.
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ImBatman13 months
Good, come and start getting your azz whippings earlier.
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KAGTASTIC13 months
So what is going to happen to the Longhorn Network once they join...SEC Channel deuce?
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Rex Feral13 months
Well, at least Missouri will won't finish near the back of the conference anymore now that OK and UT will take over that role.
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UT Beer Man13 months
I guess if your gonna lose your conference every year, it makes more sense to do it in a conference where losers get paid more.
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