The negotiations for Oklahoma and Texas to leave the Big 12 a year early and join the SEC in 2024 have stalled and a deal is not expected to come to fruition, sources told ESPN on Friday morning.
After weeks of negotiations, Texas and Oklahoma are still slated to join the SEC in 2025. Sources said the parties couldn't come to terms amid a complex negotiation involving two schools, two networks (ESPN and Fox) and the Big 12.
Sources said the sides couldn't agree on how to create equitable value for what Fox would lose in 2024 -- the equivalent of seven football games featuring Oklahoma and Texas that command premium advertising.