CNN
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The Oklahoma Sooners and Texas Longhorns are set to affix the Southeastern Convention following the conclusion of the 2023-24 athletic yr after reaching an settlement to withdraw from the Large 12, the convention introduced on Thursday.
Pending last approval from the governing boards on the College of Oklahoma and the College of Texas at Austin, the choice to withdraw comes one yr sooner than a beforehand introduced date of 2025, based on the Large 12.
“As I’ve persistently said, the convention would solely comply with an early withdrawal if it was in our greatest curiosity for Oklahoma and Texas to depart previous to June 30, 2025,” Large 12 commissioner Brett Yormark mentioned. “By reaching this settlement, we are actually capable of speed up our new starting as a 12-team league and transfer ahead in earnest with our initiatives and future planning.”
SEC commissioner Greg Sankey confirmed the information in a press release: “We’re persevering with our preparation for this membership transition, and we stay up for welcoming the convention’s new members and shifting into our future as a 16-team league.”
Regardless of the approaching departures of Oklahoma and Texas, the Large 12 will compete as a 14-team league within the upcoming 2023-24 soccer season with the approaching additions of Brigham Younger College, Central Florida, Cincinnati and Houston on July 1. The SEC at the moment has 14 member establishments.
As a part of the settlement, Oklahoma and Texas will forfeit $100 million in income distribution, based on the Large 12’s assertion.
“Now we have at all times been dedicated to fulfilling our contractual obligations to the Large 12,” College of Texas at Austin president Jay Hartzell mentioned. “The collegiate athletics panorama has continued to evolve quickly, and dealing collectively to speed up our exit produced advantages for all events.”