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Oklahoma and Texas announced late last summer that they were leaving the Big 12 to become members of the Southeastern Conference. Since that announcement, the Big 12 has come to agreement with four new schools to join the conference as early as the 2023 season.
The Big 12 and the SEC are the two most dominating conferences in College Football. The Big 12 is known for its quarterbacks, while the SEC is known for their stingy defense. The Big 12 has three great football teams: Oklahoma, Texas, and Texas Tech. After that, who else is there?
Texas and Oklahoma have officially begun their transition from the Big 12 to the SEC. The two schools announced Monday they will not renew their grant of rights agreement with the Big 12, though they plan to "honor their existingagreements" through the 2024-25 term.
Grant of rights deals allow conferences to control television revenue for their members. If a team or teams leave before the contract is up, the league still maintains those rights. That is part of the reason Texas and Oklahoma have pledged to stay in the Big 12 for the remaining four years of the TV deal.
The two schools signed agreements with the Big 12 in 2012 that granted their first- and second-tier media rights to the league through June 30, 2025, and the Big 12 would own their rights until the deal expires -- even if they leave.
