Longhorns -> SEC

[Soldierhorn]

It liooks like the agreements are done. Texas to SEC for 2024

 

[Soldierhorn]

https://247sports.com/college/west-virginia/board/105475/Contents/texas-and-oklahoma-officially-leaving-in-2024-204503904/?page=1

The Big 12 announces that the Conference has agreed in principle to terms with the University of Oklahoma and The University of Texas at Austin to leave the Conference following the 2023-24 athletic year, one year earlier than originally announced, subject to final approval from the OU and UT governing Boards. Compensation to the Conference for the early withdrawals of the two schools totals $100 million in foregone distributable revenues, which OU and UT will be able to partially offset with future revenues.

“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,” said Commissioner Brett Yormark. “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. I appreciate the approaches of OU President Joe Harroz and UT President Jay Hartzell to ensure an amicable conclusion to this process, and look forward to the bright days ahead for the Big 12 Conference.”

“Finding a satisfactory resolution to this matter that is fair to all parties, and best positions the Big 12 moving forward has been a top priority,” commented Texas Tech University President and Big 12 Conference Board of Directors Chairman Lawrence Schovanec. “This agreement would not have occurred without the collaboration of the presidents and chancellors of all 10 Big 12 universities, and our tremendous partners at ESPN and FOX. I am very grateful for everyone’s efforts to make today’s announcement possible.”

“We are grateful to Commissioner Yormark and Chairman Schovanec for their concerted efforts to carve a path forward that allows us all to move ahead with clarity and certainty. With the new era of collegiate athletics fully upon us, an opportunity emerged for all parties involved to explore the value of an early departure. These terms further guarantee the sustainability, stability, competitiveness and excellence of us all,” said OU President Joseph Harroz Jr. “The exciting matchups and passionate rivalries of the past quarter century will always be a celebrated part of our shared history. We look forward to showcasing that intensity this season, next season and beyond.”

 

[83Dee]

I think our football team, barring an unexpected exodus in the portal, should be the best we’ve been in a long, long time in 2024.   

 

[Soldierhorn]

I think our football team, barring an unexpected exodus in the portal, should be the best we’ve been in a long, long time in 2024.   

Agree 100%. the timing is perfect. 

IMO, Texas would not have been ready previously

 

[Soldierhorn]

It's going to be interesting to find out what was done to satisfy FOX for the lost games..

 

[83Dee]

Agree 100%. the timing is perfect. 

IMO, Texas would not have been ready previously

Agreed. 

 

[Soldierhorn]

TIFWIW, according to chip...

Texas and Oklahoma will each end up paying $50 million in forfeited television revenue as part of their exit agreement to leave the Big 12 one year early to join the SEC in 2024, sources told Horns247.

To generate the combined total of $100 million, Texas and Oklahoma will each take less revenue in 2023-24 - their final year in the Big 12 - and will each take less in revenue in their first year in the SEC, sources told Horns247.

FOX will receive $20 million of the combined $100 million, while the eight legacy schools in the Big 12 - Baylor, Iowa State Kansas, Kansas State, Oklahoma State, TCU, Texas Tech and West Virginia - will receive the other $80 million ($10 million each), sources told Horns247.

 

[Soldierhorn]

On a Big12 board they have been saying the exit would be $180mil + GOR if UT & 0U left early, not including FOX buyout games. 
Using other exit fee examples, I was saying the Big12 wouldl be lucky to get half of the $180 mil & GOR would be negligible. THIS is lower than I even thought 

 

[Billybass]

I guess I don’t care what they pay, it ain’t my money. And the BMDs got plenty of it.

But I am ready to GTFO of the Big12. Refs prolly gonna get their pound this last year. 

 

[Eastexhorn]

I think our football team, barring an unexpected exodus in the portal, should be the best we’ve been in a long, long time in 2024.   

You think Manning will be that good?

 

[Soldierhorn]

 

[BWilk55]

4 minutes ago, Soldierhorn said:

It makes a lot of sense to do it that way if you split into 2 divisions. Keeps old rivalries together, doesn't split up any schools in the same state. You lose the yearly LSU-Bama game but that is one of the only downsides I see here.

Biggest downside to me is that if you play your 7 division opponents, it takes 4 years to play the 8 schools in the other division and you only play them at home once every 8 years. 

 

[MBHORNSFAN]

LFG

 

[Sirhornsalot]

You think Manning will be that good?

If we're playing Manning by merit in 2023 then we're not a very good football team.

 

[Eastexhorn]

If we're playing Manning by merit in 2023 then we're not a very good football team.

2024 not 2023.

 

[BWilk55]

It makes a lot of sense to do it that way if you split into 2 divisions. Keeps old rivalries together, doesn't split up any schools in the same state. You lose the yearly LSU-Bama game but that is one of the only downsides I see here.

Biggest downside to me is that if you play your 7 division opponents, it takes 4 years to play the 8 schools in the other division and you only play them at home once every 8 years. 

Apparently divisions are likely out. And the 1 permanent opponent with 7 rotating games doesnt work well for multiple reasons - like Texas can't play A&M and OU every year, etc...

 

[Soldierhorn]

 

[Baron]

6 minutes ago, BWilk55 said:

F aggy. They can rot for all I care.

 

[Soldierhorn]