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Big 12 nearing a multi-billion dollar TV deal

During a recent stop at Kansas during a tour of conference schools, Big 12 commissioner Bob Bowlsby talked about a multi-year, $2.6 billion TV deal for the league that should be finalized soon.

According to CBSSports.com, the deal is expected to cover 13 years and an arrangement will be made with FOX and ABC / ESPN to share the cable rights. Bowlsby noted that, hopefully, the contract should be finalized by next Saturday.

"There are some elements that need to be worked out, some of it by the end of today, but we're not working under any sort of deadline. We're moving forward as if we have an agreement, and we do have an agreement on almost all elements of it."

"The exposure for our football programs, for men's and women's basketball and our Olympic sports, will be unprecedented. We'll be much more widely distributed." he explained.

Bowlsby also noted that significant progress has been made on a TV deal and host location for the Champions Bowl, and an announcement should be made within the next few weeks.