Big East, ESPN close to 7-year TV deal, per report

Stacy Revere

ESPN decided to match NBC Sports' media rights offer to the Big East. The deal will net the conference $20 million annually.

The Big East Conference and ESPN are nearing a 7-year, $130 million TV deal, league sources told ESPN's Brett McMurphy on Thursday. ESPN exercised its right to match any TV deal offered to the conference, and jumped at the opportunity to keep the league's games on its networks instead of losing the rights to NBC Sports.

For more on this story, head over to Big East Coast Bias.

The new media rights contract includes seven seasons of basketball and six years of football. The first year of the deal will be worth $10 million for basketball only, according to McMurphy, while the next six years will net the conference $20 million per season for both sports.

The deal still needs to be approved by the league's presidents, who could come to an agreement by the end of this weekend, per McMurphy.

The Big East will earn about $22 million annually, with the league's deal with CBS figured into the equation, meaning that each school will receive less than $2 million per year. That is less than the league's current deal with ESPN, which expires at the end of the 2012-13 academic year, and about $18 million short of what each institution in the other five major conferences receives annually.

More in College Football:

Too late for FAU's prison sponsor to scrub record

The Dos and Don'ts of making a recruiting highlight tape

What's a "lack of institutional control," anyway?

Judging the entire ACC's Big Ten-readiness

Could an assistant college football coach afford to start a drug ring?

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.