Fox and the Big Ten are close to an agreement that would give the network the rights to around 25 football games and 50 basketball games it would carry on both the broadcast channel and FS1 starting in the fall of 2017, Sports Business Daily reported on Tuesday.
The deal reportedly runs six years and could cost Fox as much as $250 million per year.
The Fox deal essentially is half of the package of games that had been with ESPN (as part of a 10-year, $1 billion deal that expires next spring) and CBS (as part of a six-year, $72 million basketball-only deal that also expires next spring). The Big Ten would return to the market to solicit bids on the second half of the package.
ESPN and CBS, as well as Fox, are expected to bid for the second package.
Fox owns 51 percent of the Big Ten Network.