Big Ten signs $7 billion media rights deal
The Big Ten announced that it has reached agreements totaling $7 billion with Fox, CBS, and NBC to share the media rights to the conference’s football and basketball games, according to a report from the Associated Press. The new deal will create an NFL-style television schedule on Saturdays and will go into effect in 2023 and expire in 2030. The 16 member universities, including UW–Madison, will share more than $1 billion per year. Currently, the Big Ten has 14 members, stretching from the East Coast to the Midwest. In 2024, the University of Southern California and UCLA are scheduled to join the Big Ten, adding the Los Angeles market to its footprint. After 40 years, ESPN will not be part of Big Ten football coverage.