University expects to see increase $20 million in annual revenue from deal with Fox, ESPN
The Texas Tech Board of Regents on Tuesday approved the media rights agreement with ESPN and Fox Sports for the university.
The Big 12 announced the $2.6 billion, 13-year deal on Friday, and an approval from Tech's Board of Regents was the final step.
That decision was merely a formality, Jerry E. Turner, chairman of the board, said in a statement Tuesday.
"This agreement will provide Texas Tech University with unprecedented visibility and further our momentum in advancing among the nation's top institutions," Turner said.