Oklahoma and Texas have informed the Massive 12 of their intent to withdraw from the meeting, the two colleges declared Monday, in a transfer that paves the way for the powerhouse packages to grow to be the latest associates of the SEC.
“The University of Oklahoma and the University of Texas at Austin notified the Significant 12 Athletic Convention nowadays that they will not be renewing their grants of media rights subsequent expiration in 2025,” the two faculties reported in a joint statement.
“Providing notice to the Significant 12 at this level is critical in progress of the expiration of the conference’s current media rights arrangement. The universities intend to honor their present grants of legal rights agreements. On the other hand, equally universities will proceed to monitor the rapidly evolving collegiate athletics landscape as they contemplate how to best place their athletics plans to the long run.”
The schools did not specify which conference they intend to be part of, but all indications place to the Southeastern Convention.
The timing and fiscal fallout of the departure for the SEC remain to be decided. Overall, on the other hand, the selection created by Oklahoma and Texas to leave the Big 12 upends the Soccer Bowl Subdivision and carries the opportunity to drastically change the landscape of school sports.
The Sooners and Longhorns are two of faculty football’s greatest makes and historic powers, with a mixed 82 meeting championships and 11 claimed national championships. The two universities are also monetary behemoths: Texas experienced practically $224 million in operating earnings during the 2018-19 fiscal calendar year, the most of any university in the NCAA, even though Oklahoma brought in $163 million, fantastic for eighth.
The two faculties have been members of the Large 12 due to the fact the league’s inaugural period in 1996. The addition of the Sooners and Longhorns would come less than a ten years after the SEC extra two previous Huge 12 members in Missouri and Texas A&M.
With 16 associates, the SEC would be the largest meeting in the FBS. This growth would come amid seismic variations to the beginner product, notably in legislation related to name, graphic and likeness, and at a time when most of the five important conferences have not long ago negotiated or are at the moment negotiating significant television-rights offers totaling in the billions of dollars — with the latter at the time once again the key driver of realignment.
SEC growth would promise to set off an additional spherical of variations to the existing conference composition that may well final result in the design of four juggernaut leagues, every single with 16 or far more teams, even further relegating the rest of the FBS into next-tier position. This expansion would come at the value of the Major 12, which devoid of its two normal-bearer applications will no lengthier be seen as equal to the remaining Electric power Five conferences.
Bringing on the Sooners and Longhorns would broaden the SEC’s map and entrenches the league even further into the fertile recruiting mattress of Texas, which had already been opened with the addition of Texas A&M. But the addition raises fast money fears and prolonged-time period queries about balance and parity at the greatest amount of the activity.
From a monetary point of view, OU and Texas could owe the Big 12 upward of $80 million as a departure cost, per the league’s grant of legal rights offer. The 16-staff SEC would also will need to renegotiate its not too long ago signed Television deal with ESPN, which is established to go into impact in 2024 and pay around $300 million every year about the study course of the 10-year arrangement.
The two plans would immediately sign up for the upper echelon of the conference in name if not on-discipline performance — Texas has been just one of faculty football’s finest underachievers for the previous decade — and develop a greater divide in between the SEC’s top third and those systems struggling to get a foothold, like South Carolina, Vanderbilt, Arkansas and the two Mississippi schools.
And the very long-phrase fallout might trickle during the existing 130-team FBS in the formation of super conferences. The establishment of these kinds of leagues would appear at the price tag of current conferences such as the Significant 12, American and Mountain West, depleting individuals leagues or, in a worst-scenario circumstance, main to their outright dissolution.
Observe schools reporter Paul Myerberg on Twitter @PaulMyerberg