The Big 12 has agreed to a new media deal with both ESPN and FOX according to a report by the Sports Business Journal on Sunday morning.
The agreement is expected to be be worth a total of $2.28B over six years, paying out an average of $380 million per year to the members of the league.
According to the SBJ, “The once-beleaguered Big 12 has stabilized its future by coming to terms with ESPN and Fox Sports on a six-year media rights agreement worth a total of $2.28B, an annual average of $380M, according to sources. The Big 12 has two years remaining on its current deal, which runs through the 2024-25 season at an annual average of $220M in its final years. The new six-year extension runs through 2030-31.”
You can read the full report from the SBJ here.
