The Southeastern Conference announced on Thursday that the University of Texas,
and the University of Oklahoma will join the SEC in 2024.
https://twitter.com/SEC/status/1623844759604236295?s=20&t=8qBMKO8LLyBfn6Cv26ew9w
The two marquee Big 12 programs were previously scheduled to join the conference in 2025,
but are leaving one year early at the cost of a combined $100 million dollars in exit fees.
Texas and Oklahoma chose to forgo the total in revenue instead of paying out the required fees.
https://twitter.com/Brett_McMurphy/status/1623853739802075136?s=20&t=hJIExBDdaFX4r1zs6Mvr8w
The addition will give the SEC 16 teams, opening conference realignment possibilities.