I was trying to understand if TX and OU would be forced to stay in the big 12 until the grant of media rights expires and I found this interesting article fom 9 years ago. Sounds like the grant of media rights is not nearly as big of a barrier as some think.
I suspect if TX and OU move to the SEC there isn't any reason it couldn't happen in 2022.
https://www.outkick.com/myth-of-the-big-12s-grant-of-rights-010313/
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