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Texas Tech, Big 12 issue statements on University of Texas and Oklahoma not renewing after 2025

SEC and Big 12
SEC and Big 12(KBTX)
Published: Jul. 26, 2021 at 1:11 PM CDT|Updated: Jul. 26, 2021 at 5:25 PM CDT
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LUBBOCK, Texas (KCBD) - Today the Big 12 Conference received notice from University of Oklahoma President Joe Harroz and University of Texas President Jay Hartzell that their universities do not intend to extend their Grant of Rights when the current agreement expires on June 30, 2025.

“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,” stated Commissioner Bob Bowlsby. “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.”

Oklahoma and Texas took the first formal step Monday toward moving to the Southeastern Conference, notifying the Big 12 they would not be renewing an agreement that binds the league’s members through 2025.

The schools sent out a joint statement that made no mention of the SEC and said “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 in the future,” the schools said.

The “grant of rights” gives the conference control of the school’s media rights and runs concurrent with the Big 12′s television contracts with ESPN and Fox, which expire in 2025.

Texas Tech University President Lawrence Schovanec issued this letter Monday, after the announcement from Texas and Oklahoma:

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