Jim Harbaugh's Michigan team is trying to prove that last season was not a bad one. There is a time and a place for this.
Sources say that a new media rights agreement between the Big Ten and CBS and NBC is close to being finalized.
Representatives from Fox attended negotiations with other potential partners during the past few months. The Big Ten has a six-year media rights deal with Fox and Disney. The Big Ten and ESPN have a partnership for football media rights. The Big Ten games were televised by ABC in 1966.
The Big Ten's media agreement was reported by Sports Business Journal. The Big Ten's final offer of a seven-year, $380 million agreement included rights to fewer marquee games than the network's current agreement. A direct-to-consumer package was not included in the offer.
The Big Ten's new agreement likely will feature CBS broadcasting football games in a mid afternoon time slot, which had previously been filled by SEC games The SEC games will be exclusively broadcast by ESPN. Big Ten football will be shown on NBC as part of the new agreement. According to the Sports Business Journal, CBS and NBC will pay $350 million for the Big Ten package.
According to a Big Ten representative, the conference is working with world-class partners to complete media rights agreements. New rights agreements have not been finalized. The conference has productive meetings with both linear and direct to consumer partners. We are committed to delivering unparalleled resources and exposure opportunities for Big Ten Conference member institutions. Big Ten programming is appreciated by the media companies who want to deliver it to our fans around the world in a forward- thinking manner.
The Big Ten's new media rights agreement is expected to bring the league more than $1 billion a year, according to reports.
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