Feb 23, 2013, 4:11 PM EDT
The Big East has accepted a matching offer sheet from ESPN, keeping the network as its primary media rights holder through the 2019-20 season, the conference confirmed Saturday.
In total, the deal is reportedly worth $130 million over seven years. That matches the deal put forth by the NBC Sports Network last week. It will be worth approximately $1.8 million annually per school, once this major round of conference realignment takes hold and the Big East has 12 members.
“ESPN has matched the third-party offer that the Big East Conference received, and, subject to Big East board approval, ESPN and the Big East will continue, for years to come, their long-term relationship, which began in 1980,” conference commissioner Mike Aresco said in a statement.
There has been a great deal of movement since the Big East was offered $1.17 billion by ESPN two years ago. In that time, 16 teams have left or intend to leave the conference. The core of Catholic schools in the Big East have broken off to form a basketball-centric league, which is likely the next to sign a major media rights deal.
To read the entire financial breakdown of the deal, click here.
- Auburn will not appeal Bruce Pearl’s show-cause penalty 3
- Kentucky freshman Julius Randle entering NBA Draft 0
- ACC’s league schedule highlights the flaws of massive power conferences 4
- Report: Tennessee hires Southern Miss coach Donnie Tyndall 1
- Rice transfer Sean Obi commits to Duke 1
- Adam Silver says raising NBA’s age limit a top priority 7
- NCAA council aims to change immediate eligibility waiver policy 0
- #UMassUnited: Thousands show to support Derrick Gordon during Westboro Baptist Church protest (18)
- Reports: Missouri’s Frank Haith agrees to take the Tulsa job (11)
- Jabari Parker is headed to the NBA (9)
- Adam Silver says raising NBA’s age limit a top priority (7)
- Former Marquette commits Ahmed Hill, Satchel Pierce follow Buzz Williams to Virginia Tech (7)