Moving to the SEC is expected to cost Texas and Oklahoma hefty buyout fee
If the Big 12 is going to lose both Texas and Oklahoma, the league is going to demand payment for losing its two biggest schools.
According to Big 12 bylaws, that’s exactly what will happen as the conference has what’s known as “Grant of Rights agreements” that demand money that the league would have made be paid by any school that leaves the conference.
“There is a recognition that institutions may act in their own self-interest, however there is an expectation that members adhere to Conference bylaws and the enforcement of Grant of Rights agreements.”
ESPN is reporting that Big 12 teams made close to $38 million last season, double that up and Texas and Oklahoma would owe around $76 million to the Big 12 to leave.
That’s a hefty buyout fee but one each school is likely very willing to pay in order to secure their futures in the SEC.