Posted by Chip Patterson
As the Pac-12 prepare to welcome Colorado and Utah, expanding their membership to a football-friendly 12 schools, the conference has been working furiously to sign a new and more lucrative television deal for the conference. According to the Sports Business Journal, the conference has agreed to a new deal with Fox and ESPN that is worth $2.7B over 12 years. The deal, which reportedly could be made official as soon as Wednesday, will cover football, basketball, and Olympic sports.
In the reported deal, ESPN gets rights to football, basketball, and an Olympic sports package. They have committed to air an unknown amount of football games in primetime on ABC. Fox gets basketball and football rights, airing games on Fox Sports channels and FX. The two networks will rotate coverage of the basketball tournament and football championship game.
The conference's current media deal was also with ESPN and Fox, but the addition of the football championship game and two new schools changed the landscape for the Pac-12. Comcast/NBC made a play for the deal with their sports network Versus, but pulled out of the competition. If the reported amount is confirmed, the new deal will more than triple the Pac-12's current deals with ESPN and Fox.