UT System board votes to accept invitation for UT-Austin to join the SEC

The selection comes only a week after news surfaced that the university of texas and the college of oklahoma planned to go away the big 12, sending shockwaves through university sports and lots of texas lawmakers who sense the expansion could have drastic effects on the ultimate texas colleges in the large 12.

The university of texas gadget board of regents voted unanimously friday morning to simply accept an invite for the university of texas at austin to enroll in the southeastern conference in 2025.

“over the last 25 years, we’ve benefitted from our strong dating with our valued massive 12 conference companions,” board chair kevin eltife said friday at some stage in the assembly. “they’ve supplied wonderful competitive contests. Collectively we created a shared history all through this chapter. As our relationship evolves, we are able to retain to meet our obligations to them thru the stop of our time together.”

The information comes after the sec voted to ask ut and the college of oklahoma to join its 14-member league for the duration of a meeting with the league contributors’ presidents and chancellors thursday afternoon.

“today’s unanimous vote is each a testomony to the sec’s longstanding spirit of harmony and mutual cooperation, as well as a recognition of the terrific legacies of instructional and athletic excellence established by way of the universities of oklahoma and texas,” commissioner greg sankey said in a announcement. “i substantially appreciate the collective efforts of our presidents and chancellors in considering and appearing upon every school’s club hobby.”

This week, ut and ou announced they might no longer renew their media rights contracts with the large 12 in 2025, and asked access into the sec in a letter to sankey an afternoon after that.

“we trust that there would be mutual advantage to the colleges on the only hand, and the sec then again, for the colleges to turn out to be members of the sec,” ut president jay hartzell and ou president joseph harroz jr. Stated in a letter to sankey.

The selection comes just a week after information surfaced that the 2 colleges deliberate to leave the large 12, sending shockwaves through college sports activities and many texas lawmakers who feel the growth may have drastic results on the ultimate texas schools inside the massive 12.

For the reason that texas and oklahoma are the huge 12’s most distinguished sports schools, the departures could have large economic ramifications on other faculties like texas tech university, baylor university and texas christian college.

The dimensions and scope of ut and oklahoma assist power television sales and interest for teams inside the conference. Gambling in a convention also boosts fan interest and price ticket sales and facilitates promote the colleges.

As an instance, texas tech athletics earned more than $90.4 million throughout the 2020 financial yr. Large 12 cash accounted for over a 3rd of that revenue. However now the potential of the convention to distribute nearly $40 million a yr to its ultimate members within the future has been thrown into doubt. Most of that money comes from tv sales, which may additionally decline without ut and ou.

This week, big 12 commissioner bob bowlsby despatched espn a stop-and-desist letter alleging that the television community is conspiring to damage the league’s standing through luring schools to depart.

“one of the methods the two schools and espn will are trying to find to absolve themselves of the obligation is to destabilize the league and purpose an implosion of the other 8 members,” bowlsby told cbs sports this week.

Tcu said monday afternoon that the faculty has been engaged in deliberations with conference colleagues and people who assist the big 12.

“tcu will continue to make selections in the first-rate pursuits of our scholar-athletes, our network and the lengthy-term vitality of our athletic programs,” spokesperson holly ellman stated in a declaration. “athletics are part of tcu’s national reputation and build upon our core strengths of educational success, scholarly pursuit and an remarkable pupil experience.”

A have a look at from the perryman group, an financial studies firm in waco, confirmed that there might be devastating economic consequences for the groups that served big 12 schools in texas, no matter whether the big 12 convention dissolves after the sec expansion.

The convention might face smaller television deals and decrease attendance at carrying occasions, at the same time as affected groups ought to face disruptions to athletic sales, tourism and monetary benefits.

“university athletics is converting, and it’s miles comprehensible and even inevitable that colleges will respond,” the document stated. “on the same time, the consequences for different universities and the way the ones is probably mitigated is worthy of attention.”

In the meantime, ut and ou should see their revenue climb drastically via the move from television sales, price ticket sales and further branding opportunities.

The choice may additionally tie right into a splendid courtroom ruling ultimate month that says athletes can earn money primarily based on their intellectual belongings, meaning flagship schools need to find new methods to earn sales.

Despite the fact that ut and ou stated in their letter to bowlsby that they don’t plan to resume their deal with the convention beyond 2025, there’s hypothesis that the two schools would not be sure by using the large 12’s agreement if the convention dissolves earlier than 2025. They would need to pay a penalty of more than $75 million for leaving the league early however are still legally required to present 18 months’ notice, per massive 12 bylaws.

“i’ve every expectation that oklahoma and texas will do something they can to no longer meet their [contractual] obligations,” bowlsby instructed cbs sports activities. “that’s what they’ve accomplished up to now.”

After  closed-session conferences this week, the texas a&m college system board of regents voted overdue wednesday afternoon to help texas and oklahoma becoming a member of the sec, no matter issues the board had over the “communique manner.” a&m joined the sec from the massive 12 a decade ago.

“the board concluded that this growth might decorate the long-term cost of the sec to scholar athletes and all the establishments they represent — such as texas a&m,” the announcement read.

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