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CBS Is Nearing a Deal for Big Ten TV Rights After ESPN Bows Out

  • Networks would pay about $350 million a year for certain games
  • Conference is dividing TV rights into three separate packages
Hassan Haskins of the Michigan Wolverines carries the ball into the end zone for a touchdown against the Ohio State Buckeyes in Ann Arbor, Michigan in Nov. 2021. 

Hassan Haskins of the Michigan Wolverines carries the ball into the end zone for a touchdown against the Ohio State Buckeyes in Ann Arbor, Michigan in Nov. 2021. 

Photographer: Mike Mulholland/Getty Images
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CBS and NBC are nearing deals to join Fox as a broadcaster for Big Ten sports next year after ESPN bowed out of the bidding, according to people familiar with the matter.

The conference is expected to sell three separate packages, with each broadcaster getting different Saturday time slots. Paramount Global’s CBS and Comcast Corp.’s NBC are finalizing agreements to pay about $350 million annually, the people said. ESPN, owned by Walt Disney Co., declined to pay about $380 million a year for a package, ending a longtime relationship with the conference, another person said.