First it was the B1G. Now, Michigan State has an agreement with FOX.

Two days after a Sports Business Journal report came out the B1G was nearing a record-setting multimedia deal with FOX, Michigan State followed suit. The university announced in a release that the two parties reached an agreement for 15 years worth more than $150 million that will give the network access to all 25 of Michigan State’s varsity sports.

The deal, which will begin at the start of the 2016-17 school year, will include rights to “in-venue signage, as well as print, radio, television programming, corporate hospitality, digital and social media integration, promotional and experiential activities, and intellectual property rights and official designations.”

RELATED: Fox, B1G closing in on broadcasting rights agreement

According to the release, MSU was the last of the Power Five schools to deal with its own licensing rights.

Michigan State athletic director Mark Hollis said the benefits will provide a significant financial boost to the university.

“Now is the right time and FOX Sports is the right partner for Michigan State,” Hollis said in the release. “FOX Sports can focus on building the Michigan State brand and leverage synergies with the FOX Sports family of networks, including FOX Sports Detroit and BTN.”

According to the Lansing State Journal, Spartans Sports Network will work together with FOX Sports for its broadcasts.

FOX Sports already owns 51 percent of Big Ten Network. The final terms of the agreement with the B1G hasn’t been reported yet.