The University of Colorado Board of Regents made Colorado’s intention to move to the Big 12 official Thursday afternoon. The Buffaloes were originally members of the Big 12 from 1996-2010 before moving to the Pac-12. Now, the Buffaloes are heading back.

The move had been reported Wednesday afternoon ahead of Colorado’s Thursday board meeting to approve the matter.

Here’s what Colorado President Todd Saliman said:

Among the reasons listed for the intention to make a change, Colorado Chancellor Phil DiStefano said that the Big 12’s “stability in an era of change” was a major factor. Colorado’s move comes after USC and UCLA’s officially announced move to the B1G.

The Pac-12 has also failed to strike a media rights deal as of July 27, adding to Colorado’s concerns.

Colorado will move to the Big 12 at the start of the 2024-25 season and will still compete in the Pac-12 this upcoming season.