Reports are coming out of San Francisco this morning that the Pac 12 has a new 12 year deal with FOX and ESPN. The deal reportedly is worth $225 million per year which means that each school is in line to receive close to $19 million per year from the deal which puts the league on a more equal footing with the Big 10 and SEC.
Under this deal, Fox and ESPN will split the rights to college football games. ESPN will air its games on cable as well as ABC and Fox showing its games on its broadcast network, basic cable network FX and on the Fox Sports Net regional networks.
The Pac 12 also reserves the right and has left enough football and basketball un-contracted to also kick off the Pac 12 Network which also could generate millions in cash for the members over time.