The Big 12 has agreed to a six-year media rights deal with ESPN and Fox Sports worth $2.28 billion, despite the pending departures of marquee members Texas and Oklahoma, multiple outlets reported Sunday.
The pact extends the conference's current agreement with the two networks through the 2030-31 academic year. Under the extension, the Big 12 will earn an average of $380 million a year.
The current deal, which expires at the end of the 2024-25 season, pays the conference an annual average of $220 million, Sports Business Journal reported.
The extension is a big win for new Big 12 commissioner Brett Yormark, who started his job on Aug.