The contract, which will begin with the 2012-2013 season, will be about 250 million dollars a year, ensuring that each of the 12 schools in the Conference about 21 million $, a person familiar with the Associated Press said agreement provided that anonymity, because the terms had not been announced.
The contract should be officially announced by Commissioner Larry Scott at a Phoenix press conference Wednesday.
"Commissioner Scott has done an exceptional job seeing through negotiations and providing significantly more exposure for sports teams in all our universities PAC-12, as well as significantly increase revenues from the media in support of these programs," interim President of Washington Phyllis Wise said in a statement. "It's a good day for the Conference and large universities that are part."
The Pac-10, which will be renamed PAC-12 in July with the additions of Utah and Colorado, made less than 60 million in media rights last season but became the last Conference to take advantage of the market intensifies for sports college on television.
ACC has recently signed an agreement of 155 million per year and Big 12 concluded an agreement with Fox made his annual package total approximately $ 130 million. The Cap-10 overcome these transactions, and the $ 205 million gets dry and $ 220 million paid to the Big Ten.
Rights to some football and basketball games is not sold to Fox and ESPN, preserve some prime property the Conference can be used for a network of CIP - 12 to go hand in hand with the Olympic and other revenues not athletes, said a close person of the transaction.
Unlike the Big Ten Network, which Fox has a share of property of 49 percent, PAC-12 will be owner of the network. That can add difficulties in terms of distribution of wide on cable and satellite systems, but allows the Conference to have complete control over its content and keep all the profits if the network is as successful as the Big Ten.
The Conference will also launch a digital network to the issuing of online games that are not on ESPN or Fox.
The contract with Fox and ESPN was for the first time by Sports Business Daily, while the New York Times for the first time in details about the network.
This agreement accomplishes all three Commissioner Larry Scott statement of position of negotiation goals: increase revenue, get more exposure and a network of CIP - 12 to provide a point of sale to broadcast non-sports recipes and to assist the Conference of the mark.
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