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Texas, Oklahoma leaving Big 12 Conference as college football shake-up begins

Oklahoma and Texas have informed the Big 12 of their intent to withdraw from the conference, the two schools announced Monday, in a move that paves the way for the powerhouse programs to become the newest members of the SEC.

"The University of Oklahoma and the University of Texas at Austin notified the Big 12 Athletic Conference today that they will not be renewing their grants of media rights following expiration in 2025," the two schools said in a joint statement.

"Providing notice to the Big 12 at this point is important in advance of the expiration of the conference's current media rights agreement.