From ESPN.com…
The board of regents in Texas and Oklahoma unanimously voted to formally accept invitations to join the SEC, the schools announced Friday.
The Oklahoma board of regents approved the Sooners’ eventual move to the SEC during a meeting on Friday, shortly after the Texas board did the same for the Longhorns. It puts a bow on a week of formalities that will ultimately make the SEC the first 16-team superconference.
“This is the right decision at the right time for the future of our UT athletics programs,” Texas president Jay Hartzell said in a statement.
The next step is to determine when the move will become a reality — and what happens to the eight Big 12 schools left behind. On Monday, Texas and Oklahoma issued a joint statement saying that they intend to remain in the Big 12 through June 30, 2025, when the current Big 12 media rights deal expires — but it’s possible that the schools will attempt to exit sooner. Each university would have to pay a penalty of at least $75 million to $80 million to break that agreement or hope that the Big 12 dissolves before the contract expires.
