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The Big 12 is on the cusp of extending its current television contract with ESPN and Fox, according to ESPN sources.

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.

The contract’s near completion was first reported by the Sports Business Journal.

The deal projects for the Big 12 to make a sharp increase in media revenue per school, despite Oklahoma and Texas not being in the league after the 2024 season. A source said that the league is expected to agree to a grant of rights with its 12 members for the length of the deal.

The overall value of the Big 12’s media deal is expected to increase from $220 million annually to $380 million. That’s an average increase in media-only revenue per school from $22 million to $31.7 million (the $380 million is now divided 12 ways with the addition of BYU, UCF, Cincinnati and Houston).

The new deal will mark an uptick in the Big 12’s overall distribution number, which currently stands at $42.6 million per school. That number is subject to myriad variables such as NCAA tournament units, bowl revenue and new College Football Playoff revenue.

It’s safe to project the overall per-school revenue increasing to nearly $50 million starting in 2025-26. That number could well be much bigger depending on money the 12-team College Football Playoff delivers.

“I think it positions the Big 12 as a continued player in college athletics,” said a Big 12 source. “It makes it a really viable entity and keeps it strongly positioned in college athletics and among the Power 5 conferences.”

Former Big 12 commissioner Bob Bowlsby told Texas lawmakers in August 2021 that the league could take a 50 percent media revenue hit in the wake of the departure of Oklahoma and Texas.

This move to extend with the Big 12’s current television partners is a byproduct of new commissioner Brett Yormark’s aggressive push since arriving in office and declaring the Big 12 “open for business.”

This summer, Yormark creatively maneuvered for the league to engage with the current television partners nearly a year and a half before the exclusive negotiating window was set to open. The league announced its intentions to engage on Aug. 31 and now has the framework of a deal earlier than the Pac-12, despite the Pac-12 being in the open market with its deal expiring at the end of next season.

“With the transition of the two schools out and four schools in, it provides stability for the conference,” said the Big 12 sources. “And it obviously increases revenue.”

The Big 12 chose not to go to the open market, a move that did not expose the league to outside bidders and could have potentially yielded more money for the Big 12 in the long term. But it gives the league security and visibility on traditional platforms.

ESPN’s uptick in investment in the league will give it access to both the most inventory and the league’s top games. According to reporting from the SBJ, ESPN’s so-called “A” package includes the top four football picks each season and 12 of the top 20. That gives Fox a sizable portion of strong inventory among the 26 football games it has each year. According to the SBJ, ESPN gets the Big 12 football championship and the men’s and women’s basketball championships.

Along with a significant investment and commitment to Big 12 football, Fox is adding Big 12 basketball to the package. The Big 12 has been the country’s top men’s basketball conference in recent seasons, with Kansas and Baylor winning the past two national titles and Texas Tech losing the title game in overtime in 2019.

There should continue to be consistent revenue from NCAA tournament units for the league considering the strong recent basketball history of Houston, Cincinnati and BYU.

The near-completion of the deal will shift the focus to the Pac-12, which reports have linked to Amazon as a potential partner. With Fox having access to USC and UCLA games via the Big Ten deal, it had been only loosely linked to the Pac-12. ESPN’s interest level in the league in the wake of this commitment will be closely watched.

The Big 12 deal will expire in 2031, which is one year after the Big Ten’s record-setting deal expires. Notably for the Big 12 moving forward, the contract comes up before the SEC (2034) and ACC (2036) deals expire. This extension will mark the end of what’s known as third-tier rights for the Big 12, in which schools controlled certain game inventory. Instead, those third-tier rights will be distributed to ESPN, which means the schools no longer have to sell them.

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Danault’s last-minute goal saves Kings in wild G1

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Danault's last-minute goal saves Kings in wild G1

LOS ANGELES — Phillip Danault scored his second goal with 42 seconds to play, and the Los Angeles Kings blew a four-goal lead before rallying for a 6-5 victory over the Edmonton Oilers in the opener of the clubs’ fourth consecutive first-round playoff series Monday night.

The Kings led 5-3 in the final minutes before Zach Hyman and Connor McDavid tied it with an extra attacker. Los Angeles improbably responded, with Danault skating up the middle and chunking a fluttering shot home while a leaping Warren Foegele screened goalie Stuart Skinner.

Andrei Kuzmenko had a goal and two assists in his Stanley Cup playoff debut, and Adrian Kempe added another goal and two assists for the second-seeded Kings, who lost those last three series against Edmonton. Los Angeles became the fourth team in Stanley Cup playoffs history to win in regulation despite blowing a four-goal lead.

Quinton Byfield, Phillip Danault and Kevin Fiala also scored, and Darcy Kuemper made 20 saves in his first playoff start since raising the Cup with Colorado in 2022.

Los Angeles has home-ice advantage this spring for the first time in its tetralogy with Edmonton, and the Kings surged to a 4-0 lead late in the second period in the arena where they had the NHL’s best home record. That’s when the Oilers woke up and made it a memorable night: Leon Draisaitl, Mattias Janmark and Corey Perry scored before Hyman scored with 2:04 left and McDavid scored an exceptional tying goal with 1:28 remaining.

McDavid had a goal and three assists for the Oilers, who reached Game 7 of the Stanley Cup Final last season. Skinner stopped 24 shots.

Game 2 is Wednesday night in Los Angeles.

Until Edmonton’s late rally, Kuzmenko was the star. Los Angeles went 0 for 12 on the power play against Edmonton last spring, but the 29-year-old Russian — who has energized the Kings since arriving last month — scored during a man advantage just 2:49 in.

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Skinner finally makes playoff debut, gets assist

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Skinner finally makes playoff debut, gets assist

LOS ANGELES — Edmonton Oilers forward Jeff Skinner finally made his Stanley Cup playoff debut after 15 seasons and a league-record 1,078 regular-season games.

Skinner was in the lineup for Edmonton’s 6-5 loss in Game 1 of its first-round series against the Los Angeles Kings on Monday night, ending the longest wait for a postseason debut in NHL history.

Skinner, who turns 33 years old next month, has been an NHL regular since he was 18. He has racked up six 30-goal seasons and 699 total points while scoring 373 goals in a standout career.

But Skinner spent his first eight seasons of that career with the Carolina Hurricanes, at the time, a developing club that missed nine consecutive postseasons during the 2010s. From there, he spent the next six seasons with the woebegone Buffalo Sabres, whose current 14-season playoff drought is the league’s longest.

Skinner signed with Edmonton as a free agent last summer but struggled to nail down a consistent role in the Oilers’ lineup in the first half of the season. His game improved markedly in the second half, and he scored 16 goals this season while entering the playoffs as Edmonton’s third-line left wing.

Skinner’s teammates have been thrilled to end his drought this month. Connor McDavid presented Skinner with their player of the game award after the Oilers clinched their sixth straight playoff berth two weeks ago.

The veteran was active against the Kings, as his club mounted a furious rally only to lose in the final minute of regulation. Skinner had an assist and five hits across his 15 shifts. He finished the night with 11:12 time on the ice.

The Associated Press contributed to this report.

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Ovechkin nets 1st playoff OT goal, Caps top Habs

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Ovechkin nets 1st playoff OT goal, Caps top Habs

After making NHL history during the regular season, Washington Capitals star Alex Ovechkin made some personal history in his team’s Game 1 win over the Montreal Canadiens on Monday.

Ovechkin scored the first playoff overtime goal of his career to propel the Capitals to a series-opening 3-2 victory at home in his 152nd career postseason game.

“A goal is a goal,” Ovechkin said after the victory. “Good things happen when you go to the net.”

Ovechkin is the all-time leader in regular-season overtime goals with 27 in 1,491 games. They’re part of his career total of 897 goals, having broken Wayne Gretzky’s NHL record of 894 goals this season.

“The guy’s the best player in the world. What else can you say?” said Capitals goaltender Logan Thompson, who made 33 saves in the win. “He comes in clutch. All game. It’s a privilege to be his teammate.”

After an icing call, Capitals forward Dylan Strome won a faceoff, with Montreal forwards Patrik Laine and Ivan Demidov failing to clear the puck. Winger Anthony Beauvillier collected the puck for a shot on goal and then tracked down his own rebound to Montreal goalie Sam Montembeault‘s right. Montreal’s Alex Newhook and Kaiden Guhle went to defend Beauvillier, who slid a pass to an open Ovechkin on the doorstep for the goal at 2:26 of overtime.

The overtime tally completed a monster night for Ovechkin.

He opened the scoring on the power play at 18:34 of the first period and then assisted on Beauvillier’s second-period goal to make it 2-0 before finishing off the pesky Canadiens in overtime. It was the 37th multipoint performance and 10th multigoal game of Ovechkin’s playoff career.

Ovechkin also had seven hits in the game to lead all skaters.

Ovechkin is the oldest skater in Stanley Cup playoff history to factor in all of his team’s goals in a game. He also became the fourth-oldest player in Cup playoff history to score an overtime goal at 39 years and 216 days. Detroit’s Igor Larionov was 41 years old when he scored a triple-overtime goal in Game 3 of the 2002 Stanley Cup Final against the Carolina Hurricanes.

With his first goal, Ovechkin passed Patrick Marleau and Esa Tikkanen (72) and tied Dino Ciccarelli (73) for the 14th-most playoff goals in NHL history. Ovechkin’s 74th career playoff goal put him in a tie with Joe Pavelski for the 13th-most career playoff goals.

The captain’s overtime heroism rescued Game 1 for the Capitals. The top seed in the Eastern Conference watched the Canadiens rally in the third period on goals by Cole Caufield and Nick Suzuki 5:13 apart to send the game to overtime.

“You can see why they made the playoffs. That team doesn’t quit,” Thompson said. “In the third, they didn’t go away. We’ve got to respect them. They took it to us in the third.”

But rather than give Montreal some much-needed confidence and a series lead in its upset bid, Ovechkin shut the door in overtime.

“He played a hell of game tonight,” Beauvillier said.

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