http://www.sportsbusinessdaily.com/Daily/Closing-Bell/2016/04/19/Big-Ten.aspx
In summary, FOX/FS1 would get half of the Big Ten's Tier 1 television rights for 6 years at $250 million a year. The other half of the Tier 1 rights are still up for bid, likely will go to ESPN. At the same market rate, the Big Ten could earn as much as $500 million a year in just Tier 1 money. Currently the league earns $100 million for all of its Tier 1 content from ESPN. This does not include revenue that would be earned by the Big Ten Network. This would work out to $35 million per school per year for Tier 1 TV money.
For some comparison, FOX is willing to pay $250 million a year for 25 football and 50 men's basketball games. In 2019 the Pac-12 will earn $250 million a year from both FOX and ESPN in total for 45 football games and 68 men's basketball games.
Fox is close to signing a deal that gives it half of the Big Ten’s available media rights package, according to several sources. Deal terms still are flexible – both in terms of money and rights. However, the two sides have agreed on basic terms that will give Fox the rights to around 25 football games and 50 basketball games that it will carry on both the broadcast channel and FS1 starting in the fall of '17. The deal runs six years and could cost Fox as much as $250M per year, depending on the amount of rights the Big Ten conference puts in its second package.
The Fox deal essentially is half of the package of games that had been with ESPN (as part of a 10-year, $1B deal that expires next spring) and CBS (as part of a 6-year, $72M basketball-only deal that also expires next spring). The Big Ten will return to the market to solicit bids on the second half of the package. The conference has the flexibility to allow for another network or two to pick up that half. ESPN will be one of several TV networks engaged for the second half of the Big Ten’s package, along with the usual suspects of CBS, NBC and Turner.
The second package also is expected to include around 25 football and 50 basketball games. The package also could include rights to the football championship games every other year, though sources caution that the rights in the second package are flexible and could include more – or less – games.
In summary, FOX/FS1 would get half of the Big Ten's Tier 1 television rights for 6 years at $250 million a year. The other half of the Tier 1 rights are still up for bid, likely will go to ESPN. At the same market rate, the Big Ten could earn as much as $500 million a year in just Tier 1 money. Currently the league earns $100 million for all of its Tier 1 content from ESPN. This does not include revenue that would be earned by the Big Ten Network. This would work out to $35 million per school per year for Tier 1 TV money.
For some comparison, FOX is willing to pay $250 million a year for 25 football and 50 men's basketball games. In 2019 the Pac-12 will earn $250 million a year from both FOX and ESPN in total for 45 football games and 68 men's basketball games.