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Missouri To The SEC: Big 12 Announces Agreement On Terms For Mizzou Withdrawal

Now that the 2011-2012 college football season is officially over, the next big step for the Missouri Tigers is their leap from the Big 12 conference to the SEC. There is nothing to slow that move anymore as the Big 12, via their official website, has announced that they have reached terms with the college for their withdrawal from the conference. Missouri's official date of leaving the Big 12 and heading to the SEC is June 30.

According to the press release, the Tigers will not receiver an estimated $12,410,000 from the revenues that would have been distributed to the school. On top of that, Missouri will pay back any benefits they are scheduled to receive from the Big 12's new TV contract with FOX Sports which goes into effect on July 1 and Missouri will also pay the Big 12 back for its share of the cost of officiating expenses from the previous season, which is estimated to be $500,000.

On the agreement reached between the conference and school, University of Missouri Chancellor Brady Deaton issued the following statement:

"We are pleased to have these issues resolved and we wish the Big 12 and its continuing member institutions the best in the future."

For more on the Missouri Tigers, head to Rock M Nation.