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HomeUncategorizedTen agrees to historical media rights contracts reportedly worth at least $7B

Ten agrees to historical media rights contracts reportedly worth at least $7B

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The top ten will earn cash based on new media rights contracts with six different media outlets.

The meeting announced Thursday that it has agreed to work with CBS, Fox, NBC and NBCUniversal’s Peacock and return partners The distribution agreement between Big Ten Network and FS1 will begin on July 1, 2023, and run through the 2029-30 season.

According to Brett McMurphy of The Action Network, these are the top 10 deals that will go through the escalator for $7 billion to $8 billion , the total value could be as high as $10 billion.

As negotiations between the Big Ten and the network are underway, ‘s John Ourand Sports Business Magazine reported last week that ESPN was presenting a seven-year deal at the meeting withdrew from the negotiations. $380 million per year.

Each Sports Illustrated Ross Dellenger, the offer to ESPN would give the network roughly 13 football games per season (down from the 27 currently traded), with a second or third Three – Best Big Ten games of the prime-time weekend.

Ross Dellenger @RossDellenger ESPN rejects bid for Big Ten League Game 2 — 3:30 p.m. Kickoff Package – Chances that are ultimately expected to go to CBS, sources told @SINow.

Remember, the league already has primetime 2 games at 3:30pm & SEC No. 1.

ESPN has been broadcasting the Big Ten games nonstop since 1982. This season will be the last of its deal with the conference.

In 2020, ESPN and the SEC announced a 10-year media rights agreement, starting in 2024, worth approximately $3 per year One hundred million U.S. dollars. ESPN will receive the rights to every SEC football game and men’s basketball game, while ABC will air at least one football game per week.

CBS owns the broadcast rights to the 2023 SEC games. The broadcast deal comes as the Big Ten is about to expand. USC and UCLA will participate as full-time members in 2024. There has been speculation that Notre Dame football might join the Big Ten, but Ourand noted Monday that the school may remain independent , as it continues to negotiate a new copyright deal with NBC. For Ourand, given the conference’s new copyright deal with NBC and Peacock, Fighting Irish “maybe “More top 10 games will be added to the schedule in the future.

McMurphy added that in its ongoing expansion efforts, the Big Ten remains targeting Pac-12 programs Oregon, Washington, Stanford and california.

The terms of the new deal will see Big Ten football games on TV almost all day every Saturday this season. Fox owns the rights to the game at noon ET, followed by CBS at 3:30 p.m. and prime-time NBC.



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