The Southeastern Conference announced on Thursday that the University of Texas and the University of Oklahoma will join the SEC in 2024.
Buy Bulldogs TicketsStatement from @SEC Commissioner @GregSankey on Oklahoma and Texas membership transition: pic.twitter.com/qZZI6YaRJp
— Southeastern Conference (@SEC) February 10, 2023
The two marquee Big 12 programs were previously scheduled to join the conference in 2025, but are leaving one year early at the cost of a combined $100 million dollars in exit fees.
Texas and Oklahoma chose to forgo the total in revenue instead of paying out the required fees.
Texas & Oklahoma will leave Big 12 a year early & join SEC in 2024. OU & Texas will not pay an exit fee, but will forego $100 million in revenue from Big 12. In December, @ActionNetworkHQ 1st reported there was "growing momentum" for the schools to leave a year early
— Brett McMurphy (@Brett_McMurphy) February 10, 2023
The addition will give the SEC 16 teams, opening conference realignment possibilities.
