Big 12 Conference Announces New TV Deal with FOX and ESPN

The Big 12 Conference approved a new television deal on Friday worth $2.6 Billion through the 2024-25 season. The conference agreement with FOX and ESPN  had made the agreement in in principle since last spring, but was not made official until today.

Part of the agreement has the member schools granting their TV rights to the conference television partners for the next 13 seasons. The new deal will stabilize a conference which lost Nebraska, Colorado, Missouri and Texas A&M to the Pac-12, Big Ten, and SEC the past two seasons.

The TV contract will give each Big 12 member institutions will pay out $20 million per season. The contract also allows the move of the TCU-Texas game to Thanksgiving in Austin.