Big 12 agrees to new 6-year media rights deal w/ESPN & Fox thru 2031 worth about $2.3 billion ($380 million/year), sources told @ActionNetworkHQ. 1st report @SBJ. Add in @CFBPlayoff & NCAA revenue, Big 12 revenue will be $50M/school despite losing OU/UT (currently $42M/school)

— Brett McMurphy (@Brett_McMurphy) October 30, 2022