It’s often difficult to fully quantify the enormity and scale of US college sport, but with the recently announced media rights deal for the Big Ten conference, now is the perfect time to look at the rich financial workings of the NCAA’s Power Five conferences and how their current TV rights deals compare.
Big Ten Conference
Announced this week, the Big Ten has just finalised the largest media rights partnership in US college sports history.
The rights deal, which includes multiple mainstream media giants Fox Sports, CBS, NBC, and NBC’s own digital streaming service “Peacock” will span 7-years, kicking off at the beginning of the 2023-24 season is reported to be worth in excess of $7 billion.
Big Ten Commissioner, Kevin Warren, recently commented on the enormity of the deal, saying: “The Big Ten Conference media rights agreements are more than just dollars and deals. They are a mechanism to provide stability and maximum exposure for our student-athletes, member institutions, and partners during these uncertain times in collegiate athletics.”
The Big Ten is the oldest active NCAA Division I athletic conference and features some of the nation’s most recognisable teams, including The University of Michigan’s famous Wolverines, Northwestern University’s Wildcats, and Ohio State University’s Buckeyes
Big 12 Conference
The Big 12’s newly-extended media rights deal saw an increase of around $380 million per year on the previously negotiated contract with ESPN and Fox Sports, taking the total value to an eye-watering $2.28 billion over the six-year coverage period.
In September of 2021, The Big 12 made an announcement that following the proposed departure of the University of Texas and the University of Oklahoma, who intend to join the SEC, four new athletics programs would be welcomed into the conference, with the University of Central Florida, the University of Houston, Brigham Young University (BYU) and FirstPoint USA Founder and CEO, Andrew Kean’s alma mater, University of Cincinnati.
Given the seismic changes in structure and membership currently being implemented, the new media rights deal provides an element of long-term stability within the media, and financially for the conference which still boasts the likes of Baylor University’s Bears and the University of Kansas’ Jayhawks programs.
Southeastern Conference (SEC)
The SEC agreed to an exclusive new 10-year media rights deal back in December of 2020 with ESPN, due to begin in 2024 and worth approximately $3 billion over the duration of the contract.
The initial agreement of the ESPN Tv deal will pay the conference approximately $300 million per year in rights fees and includes a strategic roadmap of providing additional content and coverage via ESPN+, the media giants’ direct-to-consumer streaming service.
With Vanderbilt University, Texas A&M University, LSU, and The University of Tennessee all competing under the SEC banner, the conference has the star name and firepower to go head-to-head with any other in the nation.
Atlantic Coast Conference (ACC)
The ACC, alongside Pac-12, has the current longest-standing media rights deal in place of any Power Five conference, having agreed to the initial terms of the $3.6 billion deal back in 2012.
The 12-year $1.8 billion agreement with ESPN was expanded through to the end of the 2026/27 collegiate season, with an additional $1.8 billion to be distributed across the member schools as part of the extension which includes multiple basketball heavy-hitters like Duke University, the University of North Carolina at Chapel Hill, Syracuse University and Wake Forest University, creating a powerhouse collection of members within the sport.
The only representative of the Power Five still yet to agree to an extension on the current media rights deal, the Pac-12 is approaching the end of a 12-year, $2.7 billion contract with ESPN and Fox.
Given the recent announcements of the media rights agreements of the Big Ten, Big 12, and SEC, the expectation within collegiate sports is that the new contract, in whatever form it may be, will exceed the Big 12’s $31.6 million annual payout to each of its member schools with the introduction of Amazon and Apple’s streaming services to the rights discussions. World-famous Stanford University, the University of Washington, the University of California Berkeley, and the University of Arizona are among the illustrious Pac-12 member schools.
As it stands, the combined annual value of the Power Five conference media rights agreements exceeds $2.1 billion. To put that into perspective, the current Premier League soccer rights deal, the single most popular and marketable league in the world, between broadcasters BT Sport and Sky is currently responsible for around $1.84 billion annually, which shows the financial power and scale of college sports in the USA.
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