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Big Ten announces historic 7-year media rights deal with CBS, FOX, NBC and Peacock

Just months after UCLA and USC pledged to join the league, the Big Ten announced its new media rights deal on Thursday morning.

The 7-year deal is believed to be worth more than $7 billion.

Here’s the full release from the Big Ten on its historic media rights deal, which is believed to be the largest in college athletics:

The Big Ten Conference announced today that it has reached distribution agreements with CBS, FOX, NBC and NBCUniversal’s Peacock. The breadth of new partners, in addition to Big Ten Network (BTN) and FS1, will place conference football, women’s and men’s basketball and Olympic sports student-athletes on the biggest stage and provide fans with the most exciting matchups across traditional over-the-air linear television and direct-to-consumer streaming.