According to a report by Orangebloods, the University of Texas, they believe that both Big12 powerhouses will be ready to announce the beginning of their departure from the BIG12 conference.
Anwar Richardson and Geoff Ketchum said:
A high-level university official informed Orangebloods the expectation is that Texas and Oklahoma would inform the Big 12 as early as next week that both schools intend to decline on extending the existing set of media rights. The contract expires in 2025.
With rumors swirling Wednesday evening that the BIG12 rivals could join the Southeastern Conference after a report from the Houston Chronicle stated that both schools reached out to the SEC to discuss a potential move to the SEC.