The Big 12 Conference announced a new Cable TV Deal with Fox Sports worth a reported $90 million per year, an unprecedented mark in the Conference’s history.
The deal, which would last 13 years beginning with the 2012 sports season, and with the addition of the ABC/ESPN $60 million per year contract, makes the Big 12 as lucrative as any other power conference in Division I Athletics TV revenues.
It grants Fox Sports the rights to 40 regular-season Big 12 football games-nearly double the number under its current agreement. Many of the telecasts will be distributed on FSN but several other games will also be scheduled on FX.
Fox will also broadcast a minimum of 40 Olympic sports events, including Conference championship events and women’s basketball.
The agreement also includes comprehensive multimedia rights to allow Fox to maximize online, mobile, and wireless opportunities for its Big 12 content.
When the agreement takes effect in the 2012-13 academic year, every Big 12 home football game will be broadcast on ABC, a FOX network, or by institutional platforms. Big 12 schools will have the option to retain rights to one home football game per season for distribution via institutional platforms. In all other sports, institutions will retain the rights to all home contests not selected for broadcast by ABC/ESPN or FOX Sports.