ARIZONA STATE FOOTBALL

Big 12 agrees to extension with ESPN and Fox, per report

Oct 30, 2022, 10:45 AM

The Big 12 has reached an agreement on a six-year contract extension with ESPN and Fox worth more than $2 billion that will keep the conference’s media rights with those networks through the 2030-31 college sports seasons, according to people familiar with the deal.

Two people confirmed details of the new media rights deal to The Associated Press on Sunday, speaking on condition of anonymity because contracts have yet to be finalized and no official announcement was expected soon.

Sports Business Journal was the first to report the deal would be worth $380 million annually. The Big 12 still has two years left on its current deals with Fox and ESPN.

New Big 12 Commissioner Brett Yormark announced in August he was engaging the networks in discussions about an extension and just a few weeks ago said a new deal could be done soon.

The television deal provides stability to a league that a little more than a year ago seemed to be in danger of falling apart. Oklahoma and Texas announced in the summer of 2021 that they intended to leave the Big 12 for the Southeastern Conference at the end of the current TV deal, which expires in 2025.

Former Big 12 Commissioner Bob Bowlsby and the conference moved quickly to add Houston, Cincinnati, Central Florida and BYU. Those four will join next year, giving the Big 12 14 teams for at least one season.

It would cost tens of millions of dollars for Texas and Oklahoma to break current contracts and leave the conference early.

Without the Longhorns and Sooners, there were concerns about how much networks would value the Big 12. The final two years of the current deal pays $220 million annually.

Penguin Air

Comments

Comment guidelines: No name-calling, personal attacks, profanity, or insults. Please keep the conversation civil and help us moderate comments by reporting abuse.
comments powered by Disqus

Arizona State Football

Arizona State Sun Devils wide receiver Chad Johnson Jr. (17) looks on before the college football g...
Haboob Blog

Kenny Dillingham lends life hack after Chad Johnson Jr. gets parking ticket

Receiver Chad Johnson Jr. tweeted on Monday that he got tagged with two boots on his car parked on Arizona State's campus.
5 days ago
(Screenshot via Jake Vanderbroek/Twitter)...
Associated Press

Report: 5-star QB Jaden Rashada visiting ASU football after Florida release

Five-star quarterback recruit Jaden Rashada is unofficially visiting the Arizona State campus on Friday, per a report.
9 days ago
Arizona Cardinals running back D.J. Foster reaches out to make a catch during drills at the team's ...
Austin Scott

ASU alumnus, former Cardinals RB D.J. Foster joins Sun Devils’ support staff

Former NFL tailback D.J. Foster is adding to his Valley football legacy as he will be joining first-year head coach Kenny Dillingham's staff.
10 days ago
Running back Jaden Knowles #25 of the Oklahoma Sooners breaks through the tackle of outside linebac...
Jake Anderson

5-star Oklahoma EDGE Clayton Smith transfers to Arizona State

EDGE Clayton Smith was a five-star recruit by Rivals, making him the highest-ranked player to transfer to Arizona State via the portal.
10 days ago
Arizona State's new football head coach Kenny Dillingham his son and wife Briana, right, attend the...
Arizona Sports

2023 ASU football schedule includes home-game heavy start

The Arizona State Sun Devils will begin the Kenny Dillingham era with a favorable schedule of four home games in a row.
11 days ago
INDIANAPOLIS, INDIANA - JANUARY 10: Zamir White #3 of the Georgia Bulldogs celebrates his touchdown...
Associated Press

UGA football player killed in car wreck after title celebration

UGA OL Devin Willock and a recruiting staff member were killed early Sunday in a car wreck, the school said.
14 days ago
Big 12 agrees to extension with ESPN and Fox, per report