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ESPN, Fox strike $2.5 billion deal with Big 12

The Sports Xchange
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The Big 12 agreed to a $2.5 billion college football rights deal with ESPN and FOX that runs through 2025.

The deal is worth approximately $20 million per school per year and was initially reported by CBS Sports nearly six months ago.

ESPN announced the deal which is similar to network broadcast partnerships with the Pac-12 -- a joint deal with ESPN and Fox -- that brings stability to a conference that experienced great upheaval in recent years.

The now 10-team league subtracted Nebraska (Big Ten), Colorado (Pac-12), Missouri (SEC) and Texas A&M (SEC) since 2011. The exodus helped contribute to a change in conference leadership and brought in two new schools -- TCU and West Virginia -- to keep the conference at 10 teams.

The broadcast contract will include at least six primetime games on FOX and shared "TV everywhere" rights with ESPN covering tablets, smart phones and unique applications.

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