Big 12 releases statement regarding Texas, Oklahoma, future of league
William Purnell-USA TODAY Sports

The Big 12 was informed on Monday morning by the University of Texas and Oklahoma University that they will not be renewing their grant of rights beyond 2025. Both schools have been in talks with the SEC to join their conference and despite being under contract for four more years, it is expected that both schools will attempt to leave prior to the end of the contract. Should Oklahoma and Texas leave the Big 12 before 2025, they would owe the Big 12 Conference nearly $80 million for a breach of contract. 

Monday afternoon, the Big 12 Conference released a statement as commissioner Bob Bowlsby shared his thoughts on the developing situation regarding Texas, Oklahoma, and the future of the Big 12.

This article first appeared on FanNation Mountaineer Maven and was syndicated with permission.

More must-reads:

Customize Your Newsletter

+

Get the latest news and rumors, customized to your favorite sports and teams. Emailed daily. Always free!

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.