The Big 12 athletic conference may soon be saying goodbye to two of its franchise members the University of Texas and The University of Oklahoma.
Multiple sources have reported that both schools reached out to the conference about joining the conference, which would result in a 16-team super-conference.
The biggest hurdle from an early exit from their contracts with the Big 12 is finding a way to unwind their third-tier rights deals, Texas with the ESPN and the Longhorn Network and Oklahoma with Bally Sports Oklahoma.
According to the Dallas News, Texas and Oklahoma reportedly notified Big 12 officials of their plans to not extend the grant of their television rights to the conference past 2025, when the current contract ends, which to many indicated the first step to an exit.
In a statement, Texas didn't outright deny the possibility of their exit from the Big 12. Officials said, "Speculation swirls around collegiate athletics. We will not address rumors or speculation."
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