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What to know about Colorado joining Big 12, leaving Pac-12

Colorado quarterback Shedeur Sanders speaks at an NCAA college football Pac-12 media day July 21 in Las Vegas.
Colorado quarterback Shedeur Sanders speaks at an NCAA college football Pac-12 media day July 21 in Las Vegas.

You can go home again?

After a little more than a decade in the Pac-12, the University of Colorado is headed back to its former home of the Big 12.

News surged quickly Wednesday with word that CU might be preparing for a jump to the Big 12. It escalated late Wednesday when ESPN's Pete Thamel reported the Big 12's presidents and chancellors voted unanimously to accept CU as a new member.

By Thursday afternoon CU's Board of Regents met and said the school plans to change conferences. The Board unanimously voted to move to the Big 12.

Colorado chancellor Phil DiStefano said "A move to the Big 12 will set up long-term success and provide stability in an era of unprecedented change in collegiate athletics and provide added exposure," during the meeting, which was open to the public.

The Big 12 Conference, through its Commissioner Brett Yormark, released a statement regarding the University of Colorado: "They're back."

Here's a look at what we know about the move.

When will CU's move to the Big 12 be official?

The Board of Regents met Thursday and unanimously approved the move to the Big 12 and the school announced the news on its website.

The move is in all sports.

When can CU leave the Pac-12 for the Big 12?

Colorado will depart following the 2023-24 school year to join the Big 12 for 2024-25 and won't have to pay an exit fee.

Because the Pac-12's TV deal is expiring, the Buffs won't owe the conference a fee, somewhat similar to a player hitting free agency.

Are other changes coming for the Pac-12 and Big 12?

Realignment usually involves more than one school, and the trickle-down impact usually hits. Right now, CU is the only expected departure, but that move could trigger other Pac-12 schools to look to jump as the conference continues to fight for stability.

The Pac-12 has been negotiating a new TV deal for more than a year but has yet to announce a new contract.

Why is CU leaving the Pac-12?

The simplest answer is always money. CU will receive a full share of the Big 12's media rights deal, which will pay schools nearly $32 million annually. The Pac-12's new deal, whenever it is finalized, is widely speculated to provide its member schools less money.

CU was a founding and longtime member of the Big 12 before jumping to the Pac-12 in 2011.

What will the 'new' Big 12 look like?

It's hard to keep up with all the conference changes. By the time CU joins (presuming it happens), it will come as Texas and Oklahoma leave the Big 12 for the SEC and as USC and UCLA leave the Pac-12 for the Big 10.

The 2024-25 Big 12 (as of now) would be: Baylor, BYU, Cincinnati, Houston, Iowa State, Kansas, Kansas State, Oklahoma State, TCU, Texas Tech, UCF, West Virginia and Colorado.

The 2024-25 Pac-12 (as of now) would be: Arizona, Arizona State, Cal, Oregon, Oregon State, Stanford, Utah, Washington and Washington State.

How has CU's time in the Pac-12 gone?

Football is the driver of realignment, and the Buffs have largely struggled in the Pac-12.

CU, which moved to the Pac-12 in 2011, has made two bowl games in 12 seasons in the league. The Buffs have been in the top-25 at one point in three different seasons and reached double-digit wins once.

What has the Pac-12 said?

The Pac-12 released a statement Thursday evening saying the league is "focused on concluding our media rights deal and securing our continued success and growth. Immediately following the conclusion of our media rights deal, we will embrace expansion opportunities and bring new fans, markets, excitement and value to the Pac-12."

Could this impact Colorado State?

Yes. Realignment can impact everyone, and this seems likely to prompt changes in the West. Other Pac-12 schools may look to leave the conference.

The Pac-12 says it will look to the Mountain West to replenish its ranks. Would CSU be one of those candidates? The Rams could be.

And even if not, any other MW schools leaving (such as San Diego State) would have an impact on the league CSU is in.

It seems nearly certain that one way or another, this move will eventually impact CSU.

Follow sports reporter Kevin Lytle on Twitter and Instagram @Kevin_Lytle.

This article originally appeared on Fort Collins Coloradoan: What to know about Colorado joining Big 12, leaving Pac-12