The Big Ten is exploring a private capital deal that could inject $2 billion into the conference and its 18 schools.
According to ESPN's Pete Thamel and Dan Wetzel, the Big Ten is in discussions about a private capital deal and a 10-year extension of the conference's grant rights, which would run through 2046. The league is seeking unanimous support before proceeding to a vote, but some of the Big Ten's largest brands, including Ohio State and Michigan, have yet to sign on.
Thamel and Wetzel reported on Wednesday that the Big Ten has discussed a private capital deal and a grant of rights extension for months, and that both items have been presented in multiple forms.