The Texas Longhorns and the Oklahoma Sooners have officially notified the Big 12 that they will not be renewing their grants of media rights following expiration in 2025, according to a joint statement issued by the schools on Monday.
“Providing notice to the Big 12 at this point is important in advance of the expiration of the conference’s current media rights agreement,” the statement said, according to ESPN’s Heather Dinich. “The universities intend to honor their existing grant of rights agreements. However, both universities will continue to monitor the rapidly evolving collegiate athletics landscape as they consider how best to position their athletics programs for the future.”
It has been rumored that Texas and Oklahoma are planning to leave the Big 12 to join the SEC.
Oklahoma and Texas signed a Big 12 grant-of-rights agreement which outlines that both granted their first- and second-tier media rights for football and men’s basketball to the conference through June 30, 2025. The Big 12 would still own those schools’ media rights for those sports, even if they are no longer members, until the agreement expires.