it doesn't seem wise to show our hand before the PAC contract negotiations have failed completely, maybe we're just fishing for the next low-ball offer out of ESPN. (sigh)
Big 12 Announces Discussion of Media Rights Extension
After just a few weeks of dormancy, the media rights discussion is back in the news as the Big 12 announced on Wednesday it will be entering into discussions with its multi-media partners about possible extension of the current media rights agreements.
“It is an exciting time for college athletics and given the changing landscape we welcome the opportunity to engage with our partners to determine if an early extension is in the best interest of all parties,” said Big 12 Commissioner Brett Yormark. “The Big 12 has enjoyed a fantastic relationship with its multi-media rights holders, and I look forward to having these conversations.”
However, according to the report from ESPN, if a deal can’t be reached, the Big 12 will still be able to work on securing a deal “through a more tradition timeline,” with that coming in February of 2024 based on the structure of the current contracts.
The current media rights contract runs through the end of the 2024 football season.
While this news has become official on Wednesday with the Big 12’s announcement, this is something Pokes Report has wrote about as early as August 20 as Robert Allen reported Yormark had early discussions with both ESPN and FOX.
An important aspect of the Big 12’s announcement is that it’s discussing an extension with ESPN and FOX, not a renegotiation. That means that depending on if and when a new deal gets put in place, each Big 12 school moving forward would get at least as much as the schools got this past season, which was 40+ million dollars per school.
It’s no secret ESPN wants OU and Texas in the SEC at the start of the 2024 season, rather than the start of the 2025 season. It’s something that ESPN, as well as OU and Texas, would greatly benefit from financially. So, an accelerated agreement/extension between the Big 12, ESPN and FOX could possibly help ESPN get OU and Texas early, while also greatly benefiting the Big 12 in more ways than one.
With the SEC network already in place, Texas won’t be taking the Longhorn Network with them. They can’t. Streaming with Big 12 Now on ESPN+ is already in place, so it’s possible the Longhorn Network becomes a Big 12-exclusive network, further enhancing the Big 12 payout to member schools.
So, if you want to try and figure out a possible timeline as to when a new deal could last until, look at what the Big Ten just negotiated and what the SEC has in place, both ending in 2030 and 2031. A new Big 12 deal most likely won’t go past those years as that’s when most people believe college football will move towards a mega conference structure. Another reason why the ACC is in such a bad place as their current deal runs through the 2035-36 academic year.