The Big-12 conference announced on Friday a new deal it made with ABC/ESPN and Fox. The deal runs for 13 years and is worth $2.6 billion dollars, around $200 million per year, and $20 million per school.
The deal runs through the 2024-25 season with ABC/ESPN, and Fox both having football rights, and ABC/ESPN as the main provider of basketball.
The per school average is right with the Big 10′s per school average, and just below the PAC-12′s $21 million per year average. The Big-12 will make a little more then ACC and SEC schools. As part of the new deal, a new grant of rights agreement is in place, meaning if a school leaves the conference its revenue stays with the Big 12, not the new conference.
This new media deal hugely helps a conference that was imploding at the seams last year as Texas and Oklahoma both nearly left for the PAC-12. These two schools hung around, though Missouri and Texas A&M left for the SEC. The Big 12 rallied and added West Virginia, and TCU, two national powerhouses on the field.
Thanks to the deal, the Big 12 joins the PAC-12 as the only conferences with agreements over two national networks in ABC and Fox.
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