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Big East Media Rights

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This Friday NBC Sports Network verbally offered the Big East between $20 million and $23 million per year for six years to acquire the league's media rights, sources told ESPN.

Meanwhile, the Big East's Catholic 7 schools are closing on a deal with Fox Sports, according to sources.

NBC Sports Network is expected to submit an official offer to the Big East by next week. Once the Big East receives an official offer from NBC Sports Network, the league must give ESPN, the Big East's current rights-holder, the opportunity to match the deal.

The Catholic 7 schools -- DePaul, Georgetown, Marquette, Providence, St. John's, Seton Hall and Villanova -- haven't formed a new league yet, but Fox Sports has been the leader for their media rights, sources said. Fox Sports' offer would be worth between $30 million and $40 million per year depending on how many teams are in the league, sources said.

Just two years ago, the Big East turned down a nine-year deal from ESPN worth $1.17 billion, an average of $130 million annually. Since then the bottom has fallen out for the league, which has had 16 schools announce they were leaving during that time. http://espn.go.com/mens-college-basketball/story/_/id/8932681/big-east-catholic-7-close-reaching-media-rights-deals

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