Word is starting to leak out about the Pac-12 broadcast right deal. Everyone in the conference is about to get paiiiiiid to the tune of $2.7 billion over 12 years. The broadcast partners will be Fox and ESPN, and the Pac-12 is withholding some rights to further their pursuit of their own network. In real dollar terms to CU that's over $18 million per year right off the bat. CU had been getting between $9 and $10 million in the Big XII.
We can all argue back and forth about whether or not the additions of Colorado and Utah made the Pac-12 territory more marketable, but I have to think the excitement of expansion and re-branding had something to do with the Pac-12 getting triple their current deal. Also, Larry Scott is a badass.
(UPDATE: 5-3-11) Jon Wilner of the SJMNis saying that initial reports may have lowballed, and that the deal is actually worth upwards of $250 million with possibly more announcements slated for the future. That would be close to $21 million per school. Suck it UT!
(UPDATE: 5-3-11) New York Times confirms Wilner's update. It's $3 billion over 12 years, with $250 million per year and near $21 million per school, per year. That's quadruple the current deals. Additionally, Pac-12 retains rights to own Pac-12 network. WOOT!