The Big 12 announced Thursday that the league had reached an agreement with Oklahoma and Texas for those schools to depart for the Southeastern Conference one year before the expiration of the their grant of rights expired with the league.
Here’s a breakdown of the highlights of the announcement and what it means:
When will Oklahoma and Texas enter the SEC?
The official date of the two schools joining their new league is July 1, 2024, a year earlier than the league’s grant of rights contract with the schools and television deal called for.
How much will it cost Oklahoma and Texas?
The schools will forgo a combined $100 million in distributable revenue that will go largely to the eight Big 12 schools remaining from before the Sooners and Longhorns departed. Big 12 members that join this summer – Brigham Young, Central Florida, Cincinnati, and Houston – won’t be a part of that revenue influx. The Big 12 announcement said Oklahoma and Texas would be able to partially offset that amount with future revenues.
Texas defensive lineman Byron Murphy II (90) brings down Oklahoma quarterback Davis Beville (11) during their 2022 game at the Cotton Bowl in Dallas,
Does this affect the recently released 2023 Big 12 football schedule?
No. That schedule remains the same. Oklahoma will play three of the four new teams in the league, hosting Central Florida and traveling to Cincinnati and Brigham Young. The Sooners do not play longtime conference rivals Baylor, Kansas State and Texas Tech in their final season. Texas travels to Houston and hosts BYU in its two games against the new arrivals. The Longhorns won’t face either West Virginia or Oklahoma State.
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