Texas and Oklahoma made their intentions to exit the Big 12 official today with the following announcement.
Despite the joint statement referencing the schools staying in their current league until 2025, multiple high-ranking sources at the University of Texas have told Dawg Sports that the two schools will not be in the Big 12 that long.
Those sources confirmed that Kevin Eltife, the Chairman of the University of Texas System Board of Regents, wants to see Texas in the SEC for the 2022 football season.
“Texas and Oklahoma are aiming to enter the league in 2022, with 2023 as a backup plan.”
According to the source, Eltife is a big Texas football fan. “He believes getting into the league for the 2022 season would help Texas from a recruiting and branding standpoint, and quicken the university’s ascent back to the top of the sport.”
The buyout for Texas and Oklahoma to leave the Big 12 before the year 2025 is reportedly $150 million, but the same source tells Dawg Sports that Eltife, “has the buyout money lined up to make this happen quicker. Even if their entry is delayed past 2022, there’s no way they will wait around until 2025.”
It is believed that the buyout money could come from the remaining amount on UT’s contract with the Longhorn Network.