Big 12 On Verge Of Big TV Deal, According To Report

WACO, TX - DECEMBER 03: Terrance Williams #2 of the Baylor Bears scores a touchdown during a game against the Texas Longhorns at Floyd Casey Stadium on December 3, 2011 in Waco, Texas. The Baylor Bears defeated the Texas Longhorns 48-24. (Photo by Sarah Glenn/Getty Images)

The Big 12 has agreed to a deal with ESPN and Fox worth $2.6 billion over the next 13 seasons.

So much for those ready to declare the Big 12 obsolete. A report from Dennis Dodd of CBS Sports has indicated that the conference is preparing to finalize a new television deal with ESPN and Fox for 13 years and worth a total of $2.6 billion.

That puts it in play with other power conferences such as the Pac-12, Big Ten and SEC, each of which has a comparable television deal (in regards to the financial details).

Dodd adds that there are details remaining to be worked out on the deal that emerged in reports as early as a couple of months ago, "Even though it has been nearly two months since the news of the deal broke, lawyers continue to work on details of the final contract. While there isn't expected to be a hang up, the source added that until the agreements are actually signed the deal is not official."

The deal will run through the 2025 season.

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