The Big Ten Conference officially announced its new, record-breaking media rights deal Thursday. The deal, worth over $7 billion and spanning seven years, will distribute Big Ten games between FOX — which operates Big Ten Network and FOX Sports One — CBS, NBC and NBC’s Peacock streaming service.
The agreement also includes provisions for potential conference expansion, which has been frequently rumored following the announcement that USC and UCLA will join the Big Ten in 2024. The amount each school receives will gradually increase in the latter portion of the deal.
“The new rights agreements are an incredible achievement for our entire conference and a true testament of what can be accomplished with teamwork,” Big Ten Commissioner Kevin Warren said in a release.