For a long while, it looked like Texas and Oklahoma and the Big 12 would be spending an uneasy time under the same roof until July 1, 2025.
at Big 12 basketball media days. “They’ve reiterated that commitment and they’ll be here through the duration. My relationship with both Texas and Oklahoma is very strong.”
One person familiar with the discussions said talks about an early separation began in late October and intensified near Thanksgiving. Big 12 athletic directors were given what was described as an informative download on the Texas-OU situation last week in Las Vegas. But if the two schools were to list their current relationship status on social media, the most accurate listing would be: “It’s complicated.”Negotiate a buyout. Current estimates have placed the current exit fee for each school at a significant $84 million to as much as $90 million, based on Big 12 bylaws. In other recent cases, schools and their former conferences have reached agreement for less than required amount.
Make Fox whole. This is the big one. For now, Fox has the right to Oklahoma and Texas through 2025, including the Red River Showdown. If Fox were to give up those rights in 2024 – which would put Texas and OU on the ESPN broadcasts of the SEC – what’s the offset?
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