The Big 12 have a pair of contracts with ESPN and FOX Sports. Both contracts expire after the 2024-25 athletic year.
The ESPN deal allows for 23 games per year and games can air on ABC, ESPN, ESPN2, ESPNU, ESPN+ and Longhorn Network (see note below re: LHN). FOX's deal is for up to 40 games per year to place games on FOX broadcast network and various FOX Sports pay TV platforms. A minimum of six of FSMG's games must appear on FOX with another six on FS1. Overall, a minimum of 25 games must air on ABC, ESPN, FOX and FS1. Starting in 2017, the conference reactivated their championship game. ESPN has the rights to the conference championship game to air on ABC or ESPN.
Big 12 selection order for each week will be determined via a draft of weeks before the season. In even numbered years, FOX will retain the top choice of weeks and in odd numbered years, ESPN wiil have it.
Individual institutions retain the rights to at least one game not aired by ESPN or FOX Sports, allowing those institutions to explore other avenues to televising those games. All schools except for Texas and Oklahoma will air their institutionally held games on ESPN+. Oklahoma's member retained game will remain with FOX Sports through 2022.
Regarding Longhorn Network, one Texas game per year airing on the network counts as an institutional game, like all other Big 12 schools. Any subsequent Texas games airing on Longhorn Network will count towards the ESPN contract.
Source: Big 12, ESPN (championship game and member retained content)
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