Writer of the article:

The Associated Press

The Related Press

Ralph D. Russo

The Massive 12 has reached an settlement on a six-year contract extension with ESPN and Fox price greater than $2 billion that can hold the convention’s media rights with these networks by way of the 2030-31 school sports activities seasons, in keeping with folks acquainted with the deal.

Two folks confirmed particulars of the brand new media rights deal to The Related Press on Sunday, talking on situation of anonymity as a result of contracts have but to be finalized and no official announcement was anticipated quickly.

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Sports activities Enterprise Journal was the primary to report the deal could be price $380 million yearly. The Massive 12 nonetheless has two years left on its present offers with Fox and ESPN.

New Massive 12 Commissioner Brett Yormark introduced in August he was partaking the networks in discussions about an extension and just some weeks in the past mentioned a brand new deal might be executed quickly.

The tv deal gives stability to a league that a bit of greater than a 12 months in the past appeared to be at risk of falling aside. Oklahoma and Texas introduced in the summertime of 2021 that they supposed to depart the Massive 12 for the Southeastern Convention on the finish of the present TV deal, which expires in 2025.

Former Massive 12 Commissioner Bob Bowlsby and the convention moved rapidly so as to add Houston, Cincinnati, Central Florida and BYU. These 4 will be part of subsequent 12 months, giving the Massive 12 14 groups for at the least one season.

It could price tens of thousands and thousands of {dollars} for Texas and Oklahoma to interrupt present contracts depart the convention early.

With out the Longhorns and Sooners, there have been considerations about how a lot networks would worth the the Massive 12. The ultimate two years of the present deal pays $220 million yearly.

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Extra AP school soccer: https://apnews.com/hub/college-football and https://twitter.com/ap–top25. Join the AP’s school soccer publication: https://tinyurl.com/mrxhe6f2