Sources: Big Ten mulling $2B private capital deal

The Big Ten, a prominent collegiate athletic conference, is reportedly considering a private capital deal that could bring in over $2 billion. The deal would involve a 10-year extension of the league's grant of rights through 2046. The proposed agreement would provide a significant financial boost to the Big Ten and its member institutions. According to sources, the deal is still in the negotiation phase, and the details, including the exact amount of funding and the terms of the grant of rights extension, are yet to be finalized. This potential deal comes as the Big Ten and other major college sports conferences navigate the evolving landscape of collegiate athletics, which has seen increased emphasis on media rights, sponsorships, and revenue streams. The infusion of private capital could strengthen the Big Ten's competitive position and allow its schools to invest in various aspects of their athletic programs.