Report: Fox, B1G closing in on broadcasting rights agreement
The expansion of the B1G could be continuing.
No, the conference isn’t close to adding another team. The B1G could on the verge of expanding its viewership.
According to a report from Sports Business Daily, the B1G is closing in on a deal that would give Fox half of the B1G’s available media rights package. It would give Fox the rights to broadcast 25 B1G football games and 50 B1G basketball games on either Fox or Fox Sports 1.
It would be worth up to an estimated $250 million for each of the six years of the partnership, according to the report. If the deal is finalized, it wouldn’t go into effect until the fall of 2017.
The B1G currently has a 10-year, $1 billion deal with ESPN and a six-year, $72 million deal with CBS (basketball only), both of which expire in spring of 2017. Those two, as well as NBC and Turner, could still bid on the other half of the B1G’s package.
This wouldn’t have any effect on the conference’s deal with the Big Ten Network, which has an agreement through 2031-32. Fox Sports already owns 51 percent of BTN.
It would make sense if the partnership grew even more as the B1G expands.