USC and UCLA will enter the Big Ten as vested members in 2024, a departure from the league’s previous position of requiring a waiting period for new schools.

“USC and UCLA will come in as full members,” Big Ten commissioner Kevin Warren said Tuesday. “We think that’s important for various reasons. They bring a lot of value to our relationship. They bring a lot of panache to our relationship, and we look forward to welcoming them into the Big Ten family here in 2024.”

Pre-expansion estimates had the Big Ten receiving more than $1 billion annually from a new media-rights agreement that goes into effect in 2023.