The Oklahoma Sooners and Texas Longhorns announced Monday morning that they have notified the Big 12 officials that they will not be renewing their media rights contracts with the athletic conference.
In a joint statement, the universities say their contract with the Big 12 is set to last until 2025 and that giving advanced notice was important in their decision-making.
Read the full joint statement below:
The University of Oklahoma and The University of Texas at Austin notified the Big 12 Athletic Conference today that they will not be renewing their grants of media rights following expiration in 2025. Providing notice to the Big 12 at this point is important in advance of the expiration of the conference’s current media rights agreement. The universities intend to honor their existing grant of rights agreements. However, both universities will continue to monitor the rapidly evolving collegiate athletics landscape as they consider how best to position their athletics programs for the future.
Big 12 Commissioner Bob Bowlsby had this to say about the joint decision by OU and Texas:
“Although our eight members are disappointed with the decisions of these two institutions, we recognize that intercollegiate athletics is experiencing rapid change and will most likely look much different in 2025 than it does currently. The Big 12 Conference will continue to support our member institutions’ efforts to graduate student-athletes and compete for Big 12 and NCAA championships. Like many others, we will use the next four years to fully assess what the landscape will look like in 2025 and beyond. The remaining eight institutions will work together in a collaborative manner to thoughtfully and strategically position the Big 12 Conference for continued success, both athletically and academically, long into the future.”
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