The Big 12 plans to announce a 13-year/1.17 billion deal with Fox Sports in a teleconference today, according to John Ourand of the Sports Business Journal.
Big 12 commissioner Dan Beebe will also take questions from the media.
We'll have plenty more on the blog today on the development, which appears to be a solid step in the direction of solidifying the Big 12 after last summer's realignment that nearly resulted in the Big 12 losing more than half its membership.
That figure would pay the league $90 million a year and, combined with a current deal with ESPN that pays the Big 12 $60 million per year, should be plenty to satisfy the league's powers, especially once additional conference revenue from basketball and football BCS berths are factored in.
Lots more to come.