The Big 12 Conference reached a media rights agreement worth $2.6 billion over 13 years with Walt Disney Co. (DIS:US)’s ABC and ESPN, and News Corp. (NWSA:US)’s Fox network, ESPN reported, citing unidentified people in the industry.
The Big 12 board will vote today on the deal, which will run through the 2024-25 school year, ESPN said.
Football games will be shared between the Disney and News Corp. units, while ABC and ESPN will broadcast men’s basketball.
The contract works out at an average of $200 million a year and $20 million annually for each of the conference’s 10 schools, the broadcaster said.
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