There’s no way a deal would have happened this quickly. OU and Texas have been working this out with SEC behind the scenes for 6 months and nothing leaked until now. There’s a ton of work to be done before reaching an official result. Technically - Texas and OU haven’t even officially announced they’re leaving (even though everyone knows they are), just that they’re not renewing their contract. Without that being officially official, I’d think it makes moving forward publicly a little more difficult.