The once-teetering Big 12 secured its future Friday by the approval of landmark TV deals with ESPN and Fox worth $2.6 billion dollars.
The Big 12’s board of directors signed off on the 13-year deals that run through 2024-25, the conference announced Friday morning. The conference and the networks have essentially had an agreement in principle since spring.
As part of the agreement, Big 12 members grant their TV rights to the conference for the 13-years, essentially locking themselves in place. The conference had lost four founding members the past two seasons.
New commissioner Bob Bowlsby addressed the impact of the contract in a statement.