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<blockquote data-quote="WVUALLEN" data-source="post: 132280341" data-attributes="member: 1112294">To leave early, Texas and Oklahoma will likely have to:<ul>
<li data-xf-list-type="ul">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. How motivated is the Big 12?</li>
<li data-xf-list-type="ul">Find a way for the Big 12 not to lose money in the process. Texas and Oklahoma leaving a year early would impact the current TV contract with ESPN and Fox. Even with BYU, Central Florida, Cincinnati and Houston coming on board as members in 2023-24, the Big 12 could take a short-term hit. The pending media extension with ESPN and Fox from 2025-2031 would not be impacted by any Texas or OU early move.</li>
<li data-xf-list-type="ul">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?</li>
</ul>[URL unfurl=&quot;true&quot;]https://dentonrc.com/sports/colleges/could-texas-oklahoma-leave-big-12-for-sec-sooner-than-expected/article_1214e4bb-3d8b-5611-9ce5-aa9fb0497780.html[/URL]</blockquote>

[QUOTE="WVUALLEN, post: 132280341, member: 1112294"] To leave early, Texas and Oklahoma will likely have to: [LIST] [*]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. How motivated is the Big 12? [*]Find a way for the Big 12 not to lose money in the process. Texas and Oklahoma leaving a year early would impact the current TV contract with ESPN and Fox. Even with BYU, Central Florida, Cincinnati and Houston coming on board as members in 2023-24, the Big 12 could take a short-term hit. The pending media extension with ESPN and Fox from 2025-2031 would not be impacted by any Texas or OU early move. [*]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? [/LIST] [URL unfurl="true"]https://dentonrc.com/sports/colleges/could-texas-oklahoma-leave-big-12-for-sec-sooner-than-expected/article_1214e4bb-3d8b-5611-9ce5-aa9fb0497780.html[/URL] [/QUOTE]

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