How does this compare to the AAC’s media deal? This new deal will pay each school approximately $31.67 million per year on average.Īccording to Dennis Dodd of CBS, once you include the College Football Playoff payouts, bowl payouts, and NCAA Basketball Tournament credits, the total annual payout could be in the realm of $45-47 million, and exceed $50 million if and when the CFP expands to 12 teams, as it is expected to do. That worked out to an average of about $20 million per school annually. The Big 12’s previous deal was signed in 2012, and paid its ten members $2.6 billion over its 13 years. How does this compare to the previous deal? However, Fox will continue to be a key outlet for football through both the broadcast network and FS1, and will add Big 12 hoops to its portfolio for the first time. They also get the Big 12 Football Championship and Basketball Tournament. “ESPN gets the top four football picks each season, six of the top eight picks, eight of the top 12 picks and 12 of the top 20 picks.” Each season, the Worldwide Leader gets the bulk of the first picks of conference games: Where will we see the games?Īccording to Ourand and Smith, ESPN takes the belt from Fox as the prime rightsholder. This is a massive win for the Big 12, and especially the UCF Knights, and we’re going to break it down right here. Congrats to for delivering in the clutch. ![]() Huge day for the future of and - with CFP and NCAA this will bring our annual Big 12 revenue to close to $50M per school, up from $41M this year. The Big 12’s media rights deal wasn’t due to come up for at least a year, but in the wake of Oklahoma and Texas leaving for the SEC, Big 12 commissioner Brett Yormark and his team decided to open the negotiation window early with ESPN and Fox, ostensibly to get the jump on the Pac-12, which just saw two of its top brands - USC and UCLA - also leave for the Big Ten. A pro-rata clause ( per Max Olson of The Athletic), which means if a school decides to join, the value of the contract goes up by the per-school amount (i.e., the payout pie gets bigger by one slice).The members would have to agree to this once the contract goes before them. A grant of rights (per Ourand and Smith), which locks in the membership through 2030-2031 by stipulating that any school that leaves before the deal’s expiration forfeits its media payouts for the length of the contract.Reports indicate that the deal will also include: The deal has not been officially confirmed by the conference, Fox, or ESPN. ![]() The $380 million annual figure works out to an average of $31.67 million to each of the 12 conference members. Read more from & /S38HIPYvuY- Sports Business Journal October 30, 2022 BREAKING: The has reached a new six-year media rights agreement with ESPN and Fox worth a total of $2.28B, an average of $380M per year.
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