The league is in the final stages of putting together a six-year, $2.28 billion contract extension that includes a sizable pay bump for schools. The new contract, which takes hold starting in 2025, includes ESPN owning more than 60 percent of the inventory and Fox adding a sizable portion of college basketball.

Sports Business Journal is reporting that the conference has re-upped with ESPN and Fox on a new six-year agreement “worth a total of $2.28 billion.” The Big 12’s current deal has two years remaining, so the six-year extension will run through 2030-31.