Big 12 warns of losing 50% of TV value following UT/OU exit
FILE - In this Sept. 15, 2018, file photo, the Big 12 conference logo is seen on a pylon during the first half of an NCAA college football game between Texas and USC in Austin, Texas. Texas and Oklahoma made a request Tuesday, July 27, 2021, to join the Southeastern Conference — in 2025 —- with SEC Commissioner Greg Sankey saying the league would consider it in the “near future.” (AP Photo/Eric Gay, File)

FILE - In this Sept. 15, 2018, file photo, the Big 12 conference logo is seen on a pylon during the first half of an NCAA college football game between Texas and USC in Austin, Texas. Texas and Oklahoma made a request Tuesday, July 27, 2021, to join the Southeastern Conference — in 2025 —- with SEC Commissioner Greg Sankey saying the league would consider it in the “near future.” (AP Photo/Eric Gay, File)

Jul. 27, 2021 07:34 PM EDT
FILE - In this Oct. 10, 2020, file photo, The Red River Showdown logo is displayed on the field of the Cotton Bowl, prior to an NCAA college football game between the University of Texas and Oklahoma, in Dallas. Texas and Oklahoma made a request Tuesday, July 27, 2021, to join the Southeastern Conference — in 2025 —- with SEC Commissioner Greg Sankey saying the league would consider it in the “near future.” (AP Photo/Michael Ainsworth, File)

FILE - In this Oct. 10, 2020, file photo, The Red River Showdown logo is displayed on the field of the Cotton Bowl, prior to an NCAA college football game between the University of Texas and Oklahoma, in Dallas. Texas and Oklahoma made a request Tuesday, July 27, 2021, to join the Southeastern Conference — in 2025 —- with SEC Commissioner Greg Sankey saying the league would consider it in the “near future.” (AP Photo/Michael Ainsworth, File)

Jul. 27, 2021 07:34 PM EDT