In a joint assertion on Monday, the College of Texas and the College of Oklahoma introduced that the colleges plan to depart the Massive 12 Convention when their present grant of media rights expires in 2025.

The announcement comes after studies surfaced final week that the colleges have been contemplating a transfer to the Southeastern Convention.

“The colleges intend to honor their present grant of rights agreements,” the colleges’ joint assertion learn. “Nevertheless, each universities will proceed to watch the quickly evolving collegiate athletics panorama as they contemplate how finest to place their athletics applications for the long run.”

“Though our eight members are disillusioned with the choices of those two establishments, we acknowledge that intercollegiate athletics is experiencing speedy change and can probably look a lot totally different in 2025 than it does presently,” Massive 12 Commissioner Bob Bowlsby stated in an announcement.

Bowlsby went on to say that the convention will use the “subsequent 4 years to totally assess what the panorama will seem like in 2025 and past.”

A number of shops reported final week that the colleges and the Massive 12 will probably start negotiating an exit previous to the expiration of the grant of rights. In previous cases of convention shifting, faculties have agreed to pay a charge to conferences in change for an early exit.

Texas and Oklahoma are founding members of the Massive 12, which was established in 1994. Dropping maybe its two most high-profile member faculties could be a devastating blow to the convention.

The 2 faculties mixed to win 15 convention titles and two nationwide championships in soccer because the flip of the century.

The transfer is bound to have main implications on the Massive 12’s eight remaining member faculties, in addition to faculties in decrease “Group of 5” conferences that will search an invite from the Massive 12 to exchange Texas and Oklahoma.