Oklahoma, Texas pay $100 million to leave ONE year early!

[Cuyahoga Falls Eers]

Oklahoma and Texas will pay the Big 12 $100 million to join the SEC in 2024, a year earlier than planned.

That more than $7 million less each of the reconstituted Big 12’s schools have to kick into the kitty. Sooner Schooner and Horns Down time!

 

[Rootmaster]

Already posted dumbshit.

 

[WVUALLEN]

Oklahoma and Texas will pay the Big 12 $100 million to join the SEC in 2024, a year earlier than planned.

That more than $7 million less each of the reconstituted Big 12’s schools have to kick into the kitty. Sooner Schooner and Horns Down time!

Did you forget that you posted this with your other profile?

 

[Cuyahoga Falls Eers]

Your left amygdala shortens your life by 7.5 years if you douse yourself in negativity.
Amygdala is the almond-shaped structures on both sides of the brain’s cerebrum which evaluates stimuli and supports emotions and memories.
Be a negative pessimist and you are digging an early grave for yourself.
It’s the left amygdala that does the damage if you let it by your attitude and response to events in your life.
Holding on to negative emotions can have a lasting impact on your well-being - Study Finds

 

[oceantide83]

The aren't paying anything. They're just not receiving what they would have.

 

[Cuyahoga Falls Eers]

The aren't paying anything. They're just not receiving what they would have.

Read it for yourself:

Texas, Oklahoma to Pay $100M to Exit Big 12 Year Earlier Than Expected
Andy Berg
Feb 10, 2023
Big 12 Conference (cropped) Logo svg
Oklahoma and Texas will exit the Big 12 for the Southeastern Conference a year earlier than expected, with the two schools agreeing to pay the Big 12 $100 million for the early exit.

SEC commissioner Greg Sankey made the announcement Thursday in a statement posted online.

"The Southeastern Conference learned today of the decision by the Big 12 Conference to alter the membership exit date for the University of Oklahoma and the University of Texas," Sankey said. "We are continuing our preparation for this membership transition, and we look forward to welcoming the Conference's new members and moving into our future as a 16-team league."

The Presidents and Chancellors of the SEC previously voted with unanimous approval to accept the application of Oklahoma and Texas to join the Conference on July 1, 2025 and have now authorized the Conference Office to proceed with facilitating the transition of Oklahoma and Texas to become full members of the Southeastern Conference on July 1, 2024.

According to ESPN, Oklahoma and Texas will be able to partially offset the $100 million they are paying to leave the Big 12 early through future revenues.

 

[WVUALLEN]

Read it for yourself:

Texas, Oklahoma to Pay $100M to Exit Big 12 Year Earlier Than Expected
Andy Berg
Feb 10, 2023
Big 12 Conference (cropped) Logo svg
Oklahoma and Texas will exit the Big 12 for the Southeastern Conference a year earlier than expected, with the two schools agreeing to pay the Big 12 $100 million for the early exit.

SEC commissioner Greg Sankey made the announcement Thursday in a statement posted online.

"The Southeastern Conference learned today of the decision by the Big 12 Conference to alter the membership exit date for the University of Oklahoma and the University of Texas," Sankey said. "We are continuing our preparation for this membership transition, and we look forward to welcoming the Conference's new members and moving into our future as a 16-team league."

The Presidents and Chancellors of the SEC previously voted with unanimous approval to accept the application of Oklahoma and Texas to join the Conference on July 1, 2025 and have now authorized the Conference Office to proceed with facilitating the transition of Oklahoma and Texas to become full members of the Southeastern Conference on July 1, 2024.

According to ESPN, Oklahoma and Texas will be able to partially offset the $100 million they are paying to leave the Big 12 early through future revenues.

The schools will pay the conference a combined $100 million exit fee, which OU and UT will partially offset with future revenue, the Big 12 said.

The negotiated $100 million early exit fee the Big 12 will receive from Texas and Oklahoma for not being part of the league's media package in 2025 -- down from a sum that could have totaled as much as $168 million -- will likely be used to make whole those eight legacy programs.

In a separate deal, Texas and Oklahoma agreed to pay cash to Fox in exchange for their games leaving the network a year early, sources told Dodd.

Not only will the Longhorns and Sooners now join the SEC as it begins its new media rights deal with ESPN in 2024, that season also marks the first year of the expanded 12-team College Football Playoff and the transition of USC and UCLA from the Pac-12 to the Big Ten.

The SEC and Big Ten will both become 16-team conferences starting in 2024. The Big 12 will play with 14 members in 2023 before moving back to 12 teams in 2024 unless it expands further, which is believed to be on Yormark's radar.

Texas, Oklahoma leaving Big 12 early, joining SEC in 2024 season after reaching exit agreement

The Longhorns and Sooners will be in the SEC a full season earlier than originally planned

www.cbssports.com

 

[Rootmaster]

20 million of the 100 million goes to Fox along with a Texas vs. Michigan matchup.

 

[Nova Mountaineer]

Oklahoma and Texas will pay the Big 12 $100 million to join the SEC in 2024, a year earlier than planned.

That more than $7 million less each of the reconstituted Big 12’s schools have to kick into the kitty. Sooner Schooner and Horns Down time!

As I read the story Oklahoma and Texas didn't pay anything - rather they gave up two years of Big 12 money. Am I correct?