Orlando City Unveils New Stadium Design BBVA Bancomer Stadium Opens NFL, Union Ask For Expedited Court Schedule DraftKings Expands MLB Partnerships NHL Looking At '22 Beijing Games NBA Hosting African Game Berman, Dilfer To Call "MNF" Game Chung Mong-Joon Launches Bid For FIFA Presidency Turnkey Survey Shows Importance Of Internships NBC, ESPN, Fox Expected To Bid On EPL
Sources Say Annual Value Of Fox-Big 12 TV Deal To Increase 350%
Published March 16, 2011
More details are emerging about Fox' planned cable rights deal with the Big 12, which sources say is worth an average of around $90M over 13 years. At that rate, Fox would pay a 350% increase over its current fee of $20M per year. But as part of the deal terms being negotiated, Fox would end up with much more content. The deal would have FSN double the number of football games it is allowed to carry, from 20 to more than 40. Fox also is keeping all digital and mobile rights to those games, and it would retain cable exclusivity for all Big 12 contests. That means that ESPN will be able to show Big 12 games only if it buys them in syndication from Fox. It also gives Fox flexibility to carry games on its other cable channels.
The current deal ends after the '11-12 academic year. Sources said the new deal should close in the next few weeks. Last summer, as Big 12 Commissioner Dan Beebe attempted to hold the conference together, Fox suggested that it would be willing to pay at least $60M annually as part of a new cable rights deal.