Texas, Oklahoma formally notify Big 12 of their future departure

(Source: The University of Texas)

Texas and Oklahoma have formally notified the Big 12 Conference that they do not plan to renew an agreement that binds the league’s members through 2025.

The two schools released a join statement early Monday, saying they plan to honor their existing grant of rights agreements, which gives the conference control of the school’s media rights and runs concurrent with the Big 12’s television contracts with ESPN and Fox.

“The University of Texas at Austin and The University of Oklahoma notified the Big 12 Athletic Conference today that they will not be renewing their grants of media rights following expiration in 2025. Providing notice to the Big 12 at this point is important in advance of the expiration of the conference’s current media rights agreement. The universities intend to honor their existing grant of rights agreements. However, both universities will continue to monitor the rapidly evolving collegiate athletics landscape as they consider how best to position their athletics programs for the future.”

The Longhorns and Sooners are projected to go to the Southeastern Conference, though neither the schools nor the SEC has acknowledged the move publicly.