Oklahoma and Texas have agreed in principle to pay the Big 12 Conference a total of $100 million to join the SEC in 2024, a year earlier than they had originally intended. A portion of the exit fees will go to Fox to compensate for the equivalent of seven lost Texas and Oklahoma games.
The agreement is subject to the final approval from the Oklahoma and Texas governing boards.
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** On July 1, the Big 12 will officially add BYU, Central Florida, Cincinnati and Houston and it will compete as a 14-team league for the upcoming season.
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