The Big 12 and ESPN are close to a nine-year, $1.3 billion extension of the conference’s current television contract, according to reports by SportsBusiness Daily and CBSSports.com.
The extension, when combined with the Big 12’s existing Fox TV deal, would bring the conference’s total TV revenue to $2.5 billion through 2025. By SportsBusiness Daily’s calculations, each school in the 10-team league would make $5 million more per year under the new deal, with total TV revenue pushing close to $20 million a year.
“We have an existing agreement with the Big 12 that has four years remaining,” ESPN vice president of communications Mike Soltys told SBD. “We are in regular conversations with all our partners about future opportunities. There’s nothing beyond that.”