Big 12 looks to potential early extension of media rights

Aug 31, 2022, 8:01 AM | Updated: 11:48 am
FILE - Incoming Big 12 Commissioner Brett Yormark listens during a news conference opening the NCAA...

FILE - Incoming Big 12 Commissioner Brett Yormark listens during a news conference opening the NCAA college football Big 12 media days in Arlington, Texas, July 13, 2022. The Big 12 is going into its 12th and final season as a 10-team conference. (AP Photo/LM Otero, File)

(AP Photo/LM Otero, File)

IRVING, Texas (AP) — The changing Big 12 Conference plans to enter into discussions with ESPN and Fox about a potential early extension of its media rights deal that still has two more football seasons left after this one.

New Big 12 Commissioner Brett Yormark said Wednesday that given the changing landscape of college athletics, the league welcomes “the opportunity to engage with our partners to determine if an early extension is in the best interest of all parties.”

An early negotiation for the Big 12 could be significant, given that the Pac-12 board of directors a month ago authorized pushing up negotiations for its next media rights agreements after the decision by UCLA and Southern California to leave for the Big Ten. The Pac-12´s current deal expires in 2024.

The Big 12’s deal with ESPN and Fox goes through the 2024-25 academic year. That also is the latest that Oklahoma and Texas, the league’s only football national champions, will leave to join the expanding Southeastern Conference.

ESPN said in a statement that the network does “regularly engage in conversation around the future with all of our partners, but to be clear, we have not opened the contractual negotiation window with the Big 12 at this time.”

That window for exclusive and formal negotiations with ESPN and Fox is still about 18 months away, in early 2024, if there are no changes before then to the deal that began in September 2012 after the league went to its current 10-team configuration.

Football independent BYU, along with American Athletic Conference schools Cincinnati, Houston and UCF join the Big 12 next summer. BYU, Cincinnati and Houston were all ranked in the preseason AP college football poll, matching the number of current Big 12 members in the Top 25.

The Big 12’s announcement came two weeks after the Big Ten reached seven-year agreements with Fox, CBS and NBC to share the rights to the conference’s football and basketball games. That deal is worth about $7 billion.

“The Big 12 has enjoyed a fantastic relationship with its multi-media rights holders, and I look forward to having these conversations,” Yormark said.

The Big 12 in June said that it would distribute a record $426 million of revenue to its 10 schools for the 2021-22 school year, a nearly 25% increase over the previous year. That was also about 10% higher than the then-record $388 million for 2018-19 before the COVID-19 pandemic.

Conference officials said then that revenues were expected to increase again over the next two years. When the four new schools join the Big 12 next summer, the league will spread across eight states and three time zones.

___

More AP college football: https://apnews.com/hub/college-football and https://twitter.com/ap_top25. Sign up for the AP’s college football newsletter: https://bit.ly/3pqZVaF

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Philippine President Ferdinand Marcos Jr. waves as he arrives at the 2022 Department of Environment...
Associated Press

Marcos Jr. reaffirms US ties in first 100 days of presidency

MANILA, Philippines (AP) — Philippine President Ferdinand Marcos Jr. has been reaffirming ties with the United States in a key turnaround from the often-hostile demeanor his predecessor displayed toward Manila’s treaty ally. Marcos Jr., who marks his 100th day in office Saturday, inherited daunting problems at home, including a coronavirus pandemic-battered economy, soaring inflation, unemployment […]
16 minutes ago
A man wearing a face mask is reflected on an electronic foreign currency exchange rates in downtown...
Associated Press

Asian stock markets fall ahead of US employment update

BEIJING (AP) — Asian shares followed Wall Street lower Friday ahead of U.S. jobs data investors hope will persuade the Federal Reserve to ease off plans for more interest rate hikes. Tokyo, Hong Kong, Seoul and Sydney retreated. Chinese markets were closed for a holiday. Oil prices declined. Wall Street’s benchmark S&P 500 index fell […]
16 minutes ago
European Commission President Ursula von der Leyen waits for the start of a group photo during a me...
Associated Press

EU leaders struggle to bridge gas price cap divide

PRAGUE (AP) — European Union leaders converged on Prague Castle on a crisp Friday morning to try to bridge significant differences over a natural gas price cap as winter approaches and Russia’s war on Ukraine fuels a major energy crisis. The price cap is one of several measures the 27-nation bloc is preparing to contain […]
1 day ago
FILE - Russian President Vladimir Putin attends the Orthodox Easter service in the Christ the Savio...
Associated Press

Putin’s path: from pledges of stability to nuclear threats

As he turns 70, Russian President Vladimir Putin finds himself in the eye of a storm of his own making: His army is suffering humiliating defeats in Ukraine. Hundreds of thousands of Russians are fleeing his mobilization order, and his top lieutenants are publicly insulting military leaders. With his room for maneuvering narrowing, Putin has […]
1 day ago
In this image taken from a video footage run by TVB, the megayacht Nord, worth over $500 million, i...
Associated Press

Yacht owned by sanctioned Russian tycoon docks in Hong Kong

HONG KONG (AP) — A superyacht connected to Russian tycoon Alexey Mordashov has anchored in Hong Kong this week amid moves by Western governments to seize yachts connected to sanctioned Russian businessmen. The megayacht Nord, worth over $500 million, arrived in Hong Kong on Wednesday afternoon after traveling for over a week from Vladivostok, Russia, […]
1 day ago
Associated Press

NC Senate candidates to meet in likely only televised debate

RALEIGH, N.C. (AP) — The two major-party candidates seeking to succeed retiring North Carolina Republican Sen. Richard Burr are meeting for what is likely their only televised debate. Democrat Cheri Beasley and Republican Ted Budd agreed to a one-hour debate being held Friday night at a cable television studio in Raleigh. Budd is a three-term […]
1 day ago

Sponsored Articles

...
Quantum Fiber

How high-speed fiber internet can improve everyday life

Quantum Fiber supplies unlimited data with speeds up to 940 mbps, enough to share 4K videos with coworkers 20 times faster than a cable.
...
SCHWARTZ LASER EYE CENTER

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.
...
Day & Night Air Conditioning, Heating and Plumbing

Here are 4 signs the HVAC unit needs to be replaced

Pool renovations and kitchen upgrades may seem enticing, but at the forefront of these investments arguably should be what residents use the most. In a state where summertime is sweltering, access to a functioning HVAC unit can be critical.
Big 12 looks to potential early extension of media rights