The Pac-12 Conference announced its massive new media deal Wednesday morning, what commissioner Larry Scott termed a "landmark deal." The deal is worth a reported $3 billion over 12 years, an average of nearly $21 million per school per year, and will begin in 2012-2013. In addition to showing games on various networks of ESPN and Fox, the conference created Pac-12 Media Enterprises, which owns the new Pac-12 Network, the Pac-12 Digital Network, and Pac-12 Properties.
"We are especially delighted to be strengthening and expanding our relationship with ESPN and FOX Sports to deliver an unprecedented level of innovative sports programming to large national audiences across the country. With this agreement, we will deliver our events over two broadcast networks and at least five premiere national cable platforms," Scott said. "In addition, we will have our own Pac-12 National Cable TV platform and Pac-12 Digital Network platform."
Here are some details of the deal, which begins in 2012: