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https://247sports.com/college/west-virginia/board/105475/Contents/texas-and-oklahoma-officially-leaving-in-2024-204503904/?page=1

The Big 12 announces that the Conference has agreed in principle to terms with the University of Oklahoma and The University of Texas at Austin to leave the Conference following the 2023-24 athletic year, one year earlier than originally announced, subject to final approval from the OU and UT governing Boards. Compensation to the Conference for the early withdrawals of the two schools totals $100 million in foregone distributable revenues, which OU and UT will be able to partially offset 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,” said Commissioner Brett Yormark. “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.”

“Finding a satisfactory resolution to this matter that is fair to all parties, and best positions the Big 12 moving forward has been a top priority,” commented Texas Tech University President and Big 12 Conference Board of Directors Chairman Lawrence Schovanec. “This agreement would not have occurred without the collaboration of the presidents and chancellors of all 10 Big 12 universities, and our tremendous partners at ESPN and FOX. I am very grateful for everyone’s efforts to make today’s announcement possible.”

“We are grateful to Commissioner Yormark and Chairman Schovanec for their concerted efforts to carve a path forward that allows us all to move ahead with clarity and certainty. With the new era of collegiate athletics fully upon us, an opportunity emerged for all parties involved to explore the value of an early departure. These terms further guarantee the sustainability, stability, competitiveness and excellence of us all,” said OU President Joseph Harroz Jr. “The exciting matchups and passionate rivalries of the past quarter century will always be a celebrated part of our shared history. We look forward to showcasing that intensity this season, next season and beyond.”

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TIFWIW, according to chip...

Texas and Oklahoma will each end up paying $50 million in forfeited television revenue as part of their exit agreement to leave the Big 12 one year early to join the SEC in 2024, sources told Horns247.

To generate the combined total of $100 million, Texas and Oklahoma will each take less revenue in 2023-24 - their final year in the Big 12 - and will each take less in revenue in their first year in the SEC, sources told Horns247.

FOX will receive $20 million of the combined $100 million, while the eight legacy schools in the Big 12 - Baylor, Iowa State Kansas, Kansas State, Oklahoma State, TCU, Texas Tech and West Virginia - will receive the other $80 million ($10 million each), sources told Horns247.

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On a Big12 board they have been saying the exit would be $180mil + GOR if UT & 0U left early, not including FOX buyout games. 
Using other exit fee examples, I was saying the Big12 wouldl be lucky to get half of the $180 mil & GOR would be negligible. THIS is lower than I even thought 

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4 minutes ago, Soldierhorn said:

 

 

It makes a lot of sense to do it that way if you split into 2 divisions. Keeps old rivalries together, doesn't split up any schools in the same state. You lose the yearly LSU-Bama game but that is one of the only downsides I see here.

Biggest downside to me is that if you play your 7 division opponents, it takes 4 years to play the 8 schools in the other division and you only play them at home once every 8 years. 

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41 minutes ago, BWilk55 said:

It makes a lot of sense to do it that way if you split into 2 divisions. Keeps old rivalries together, doesn't split up any schools in the same state. You lose the yearly LSU-Bama game but that is one of the only downsides I see here.

Biggest downside to me is that if you play your 7 division opponents, it takes 4 years to play the 8 schools in the other division and you only play them at home once every 8 years. 

Apparently divisions are likely out. And the 1 permanent opponent with 7 rotating games doesnt work well for multiple reasons - like Texas can't play A&M and OU every year, etc...

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8 hours ago, BWilk55 said:

Apparently divisions are likely out. And the 1 permanent opponent with 7 rotating games doesnt work well for multiple reasons - like Texas can't play A&M and OU every year, etc...

Yes, my understanding is a 9 game SEC schedule is a done deal with 3 annual match ups.

 

This schedule was posted a while ago. I suspect it's close to what the schedule will be, ignore the annual match up with TT.

 

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2 hours ago, dssl said:

Yes, my understanding is a 9 game SEC schedule is a done deal with 3 annual match ups.

 

This schedule was posted a while ago. I suspect it's close to what the schedule will be, ignore the annual match up with TT.

 

Let's use this as the alignment. Your 2024 schedule could be this gauntlet:

Week 1: Colorado State (They're terrible)

Week 2: @ Michigan (Obviously tough game)

Week 3: UTSA (Traylor has them rolling. Only getting tougher)

Week 4: @ Alabama

Week 5: Arkansas

Week 6: Oklahoma (Cotton Bowl)

Week 7: Florida

Week 8: @Kentucky

Week 9: @ LSU

Week 10: Ole Miss

Week 11: South Carolina

Week 12: @ Texas A&M

And it will be similar to this year after year! LFG!

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  • Soldierhorn changed the title to Longhorns -> SEC

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