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Kendall Kaut of Our Daily Bears explains it pretty well here: There would be some litigation involved in this process as well. Thus, if six other universities find good landing spots (Say, Iowa State and Kansas to the Big Ten, West Virginia to the ACC, and TCU, Texas Tech, and Oklahoma State to the PAC-12), schools could call a vote to dissolve.ĭoing so would mean that every school could go its separate way without paying an exit fee to the Big 12. According to Big 12 Bylaws, the conference can be dissolved with a 75% vote to do so.
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In my opinion, Texas and Oklahoma should be working to find new landing places for the conference mates they are abandoning.
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Conference members vote to dissolve the conference Should TCU and Oklahoma State, for example, get invited to the PAC-12, they could also pay $76 million to leave before 2025. Of course, any other school is equally capable of buying their way out of the conference prior to 2025 as well. A source close to the situation said the buyout money for #Texas and #Oklahoma to leave the #Big12 before 2025 could come from the roughly $160 million #UT is still owed by ESPN for the final 10 years of ESPN's 20-yr, $300 million contract with Texas for the Longhorn Network.- Chip Brown July 27, 2021īut wait, wouldn’t that essentially mean that ESPN is paying Texas’s buyout, the result of which is that Texas will join the SEC and add value to another ESPN contract? Hmmmmmm.