Big 12 News

OU Board of Regents Calls Surprise Meeting Tied to SEC Move

Nov 3, 2018; Lubbock, TX, USA; An Oklahoma Sooners helmet on the sidelines during the game against the Texas Tech Red Raiders at Jones AT&T Stadium. Mandatory Credit: Michael C. Johnson-USA TODAY Sports

The Oklahoma Board of Regents has called a surprise meeting scheduled for 2:00 p.m. on Friday to “discuss and consider potential action concerning approval of documents to approve the university’s exit from the Big 12 and admittance to the SEC,” according to a report from the OU Daily.

The Daily also reports that the University of Texas’ regents are discussing “legal issues concerning terms of contracts associated with U.T. Austin’s membership in the Southeastern Conference” in a regularly scheduled meeting.

Clearly, an urgent matter arose that needed the regents’ immediate attention, as they weren’t scheduled to meet until June.

 

Oklahoma and Texas announced their departure for the SEC will happen in 2024 back on February 9th, despite an early departure being considered dead in the water just days before.

According to the Big 12, Oklahoma and Texas will pay a combined $100M to the conference before leaving, with the majority of that money being distributed to the eight legacy Big 12 teams to offset the revenue they’ll lose in 2024.

“As I have consistently stated, the Conference would only agree to an early withdrawal if it was in our best interest for Oklahoma and Texas to depart prior to June 30, 2025,” Big 12 Commissioner Brett Yormark said at the time of the announcement. “By reaching this agreement, we are now able to accelerate our new beginning as a 12-team league and move forward in earnest with our initiatives and future planning.”

Barring any unforeseen issues, this could prove the be the final step for the departing schools before they officially exit for the SEC on June 1, 2024.

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