NFL Owners Approve Raiders Relocation Panthers Deny Report On Ownership Jose Canseco Named A's Studio Analyst FIS To Assist MiLB With Loyalty Program JetBlue Renews Red Sox Deal Through '30 15SOF Reaches Deal With Big Ten Network Buss Family Feud Appears To Be Over Fox Down For NASCAR At Fontana Stephen Ross Interested In Miami Open NFL Announces Changes To Executive Structure
Sources: Fox, Big Ten Closing In On Media Rights Agreement
Published April 19, 2016
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
The Fox deal essentially is half of the package of games that had been with ESPN (as part of a 10-year, $1B deal that expires next spring) and CBS (as part of a 6-year, $72M basketball-only deal that also expires next spring). The Big Ten will return to the market to solicit bids on the second half of the package. The conference has the flexibility to allow for another network or two to pick up that half. ESPN will be one of several TV networks engaged for the second half of the Big Ten’s package, along with the usual suspects of CBS, NBC and Turner.
The second package also is expected to include around 25 football and 50 basketball games. The package also could include rights to the football championship games every other year, though sources caution that the rights in the second package are flexible and could include more – or less – games.
Read the full story.
Fox’ deal is a blow to ESPN, which had held most of the conference’s rights previously. Sources said that ESPN presented a non-competitive bid several weeks ago, as the company continues to look for areas to save costs. Big Ten Commissioner Jim Delany and Jon Barrett, the conference’s longtime legal counsel, negotiated the deal for the Big Ten, which did not hire an outside media consultant. Fox Sports President Eric Shanks and Exec VP/Business Larry Jones negotiated on behalf of Fox.