Rumors began to swirl about a Big 12 media deal with ABC/ESPN and FOX regarding football airing rights way back in late June and early July. Since then, there has been a long wait to see when it would all finally be made official. Finally, on Thursday, the deal was reportedly completed and on Friday the Big 12 announced that the 13-year deal was finished.
The new 13-year deal with ESPN begins with the upcoming 2012-13 season and runs through 2024-25, replacing the previous eight-year agreement that was scheduled to run through 2015-16. The new Big 12/ESPN contract now runs concurrently with the 13-year agreement between the Conference and FOX. That agreement, announced last spring, has been augmented to reflect the expansion of rights and platforms.
Financial terms of the deal were not disclosed by the Big 12, but the money involved was reported to be $2.6 billion over the 13 years of the deal.
A press conference announcing the media deal will be streamed live on Big12Sports.com at 10:30 a.m. ET. The stream of the 'Media Teleconference' can be found here.