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Report: Texas, OU will each pay $50M in forfeited revenue to leave early

By Chip Brown, 247Sports: Texas and Oklahoma will each end up paying $50 million in forfeited television revenue as part of their exit agreement to leave the Big 12 one year early to join the SEC in 2024, sources told Horns247.

To generate the combined total of $100 million, Texas and Oklahoma will each take less revenue in 2023-24 – their final year in the Big 12 – and will each take less in revenue in their first year in the SEC, sources told Horns247.

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