Report: Windfall Awaits

West Virginia University could be in line for a substantial jump in the television revenue its athletic department receives, as the Sports Business Journal reported Tuesday that the Big 12 Conference and ESPN are near a lucrative deal to extend the network's broadcast rights through 2025.

The extension, coupled with the deal the Big 12 inked with Fox, would reportedly make the Big 12's total television revenue over the next 13 years $2.5 billion.

Divided among the 10 teams and over the course of the contract, each school would stand to make just shy of $20 million per year. That is more than double what West Virginia made in its best year as a member of the Big East.

For current Big 12 members, the jump is about $5 million per year from their previous revenue earnings. Sports Business Journal reported the $20 million per school per year total is around $1 million shy annually of what the Pac-12 negotiated in its deals with ESPN and Fox.

The report also indicated the deal may be a signal that the Big 12 is content to stay at 10 teams for the foreseeable future.

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