Texas, Oklahoma Make Official Decision on Big 12 Membership

According to multiple reports, both Texas and Oklahoma have officially informed the Big 12 Conference that they will not extend their grant of rights beyond 2025.
Below is a joint statement made by the two universities shared by Brett McMurphy of Stadium.
Oklahoma & Texas make it official: they’re leaving conference & expected to apply for SEC membership pic.twitter.com/65h35M18OF
— Brett McMurphy (@Brett_McMurphy) July 26, 2021
Despite the grant of rights running through the 2025 calendar year, it does not seem likely that both schools will remain in the Big 12 Conference through the remainder of the agreement. We could see Oklahoma and Texas leave the conference as early as 2022-23. If they are to leave the league prior to 2025, each school would have to pay the Big 12 nearly $80 million.
You can follow us for future coverage by liking us on Facebook & following us Twitter:
Facebook - @WVUonSI
Twitter - @SI_WVU and Schuyler Callihan at @Callihan_.

Schuyler Callihan is the publisher of West Virginia On SI and has been a trusted source covering the Mountaineers since 2016. He is the host of Between The Eers, The Walk Thru Game Day Show, and In the Gun Podcast. The Wheeling, WV native moved to Charlotte, North Carolina in 2020 to cover the Charlotte Hornets and Carolina Panthers.
Follow Callihan_