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.
FILE -Incoming Big 12 Commissioner Brett Yormark speaks during a news conference opening the conference's football media days in Arlington, Texas, July 13, 2022. Yormark described recent discussions with television partners ESPN and Fox as meaningful as the conference looks into the possibility of striking a media rights deal almost two years before the current contract expires.
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.would be worth $380 million annually. The Big 12 still has two years left on its current deals with Fox and ESPN.
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.
It would cost tens of millions of dollars for Texas and Oklahoma to break current contracts leave the conference early.
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