Big 12 To Announce New TV Deal

[leemajors]

The Big 12 Conference, ABC/ESPN and Fox will announce a 13-year media rights deal Friday worth $2.6 billion, an average of $200 million per year and worth $20 million per school, industry sources told ESPN.
ESPN spokesperson Josh Krulewitz declined comment.

The Big 12's board of directors will formally vote on the new deal Friday morning, when they're expected to approve the package that will run through the 2024-25 school year.

ABC/ESPN and Fox will share the league's football inventory, while ABC/ESPN will be the exclusive provider for Big 12 men's basketball.
The new deal includes grant of rights, meaning if a Big 12 school leaves for another league in the next 13 years, that school's media rights, including revenue, would remain with the Big 12 and not their new conference.

http://espn.go.com/college-sports/st...ox-sources-say

[Blake]

I wonder why they agree to such long deals.