Sources: Big Ten closes in on $2 billion capital deal

The Big Ten conference is reportedly close to finalizing a lucrative capital deal that would provide its member schools with over $2 billion in funding. The proposed agreement would lead to the creation of a new entity called Big Ten Enterprises, which would manage the league's media rights and other commercial interests. This deal is seen as a significant move by the Big Ten to secure its financial future and keep pace with the rapidly evolving landscape of college sports. The influx of capital is expected to enhance the league's ability to invest in its programs, facilities, and overall competitiveness. The agreement is still subject to a vote by the Big Ten's leadership, but sources indicate that it is nearing completion. If approved, this deal would solidify the Big Ten's position as one of the most financially powerful conferences in collegiate athletics, potentially setting the stage for further expansion and innovation within the league.