Rellyrell
Rellywood of mWo
- Joined
- Dec 19, 2013
- Messages
- 34,581
Dang, have to check when OU/Texas gave notice again
Don’t worry I got u:
1. SEC media rights expired July 2024, while the Big XII media rights expired July 2025
2. SEC & ESPN executed its new media rights deal on Dec. 2020 to become effective July 2024
3. UT & OU sent notice on July 2021 to the Big XII that they will be joining the SEC conference July 2024, exactly one year before the Big XII media rights renewed.
UT gave a 4 yr notice to exit 1 yr prior to their renewal so they wouldn’t be apart of a renewed media rights. This allowed the Big XII to negotiate in good faith on their new TV rights. The one year prior to the conference’s media rights renewing also allowed for renegotiations to buy down their exit fee (the original buy out was $85m/per, & dropped to $50m/per).
This is y many, logical fans have said if our destination is the B1G the earliest we’ll leave this conference is 2030, & we have to have an invite.
Teams like Oregon, & UW were allowed to join the B1G b/c
1. The PAC-12 couldn’t secure a media rights deal
2. The conference members voted them in w the condition both teams took a considerable discount until the next media deal.
It’s no different than SMU, Cal, & Stanford joining the ACC. They received approval after agreeing to receiving no or a considerable reduced cost, respectively.
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