The Big 12 and Oklahoma and Texas have finalized an agreement to exit the league one year early and join the SEC in 2024. As part of the exit, the Longhorns and Sooners will owe the Big 12 a combined $100M in withheld revenue and are expected to receive a limited share of SEC revenue in 2024. Big 12 boss Yormark: “As I have consistently stated, the Conference would only agree to an early withdrawal if it was in our best interest for Oklahoma and Texas to depart prior to June 30, 2025. By reaching this agreement, we are now able to accelerate our new beginning as a 12-team league and move forward in earnest with our initiatives and future planning. I appreciate the approaches of OU President Joe Harroz and UT President Jay Hartzell to ensure an amicable conclusion to this process, and look forward to the bright days ahead for the Big 12 Conference.” More in tomorrow morning's D1.ticker. (link, link)