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Oklahoma's President Set To Make "Important Announcement" At 2 PM Wednesday

Oklahoma's president is set to make an important announcement this afternoon.

Oklahoma president David Boren announced Wednesday morning that this afternoon, he'll be making an "important announcement" regarding the future of the university.

Rumors have been swirling that Boren plans to announce his retirement, but they've been refuted by a number of publications. At the moment, it's unclear what topic the announcement will cover.

Boren, who formerly served as the Governor of Oklahoma from 1975-1979, has been the president of the university since 1994. He also served as a senator from 1979 until taking his current position.

Boren has been a key figure in Big 12 dealings - notably during last year's explored expansion. We'll keep you updated.