{"id":283167,"date":"2025-11-10T12:17:16","date_gmt":"2025-11-10T12:17:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/283167\/"},"modified":"2025-11-10T12:17:16","modified_gmt":"2025-11-10T12:17:16","slug":"big-ten-reportedly-close-to-taking-2-4-billion-capital-deal-despite-objections","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/283167\/","title":{"rendered":"Big Ten Reportedly Close to Taking $2.4 Billion Capital Deal Despite Objections"},"content":{"rendered":"

The Big Ten is on the verge of completing a $2.4 billion capital investment deal<\/a> with a California pension fund, whether or not USC and Michigan are on board. <\/p>\n

Yahoo!\u2019s Ross Dellenger is reporting that the conference is pushing ahead with the deal despite USC and Michigan\u2019s objections. The 20-year, $2.4 billion deal would include an extension of the conference grant of rights for another 10 years. The Wolverines and Trojans do not support the measure, but it may not matter. <\/p>\n

From Dellenger\u2019s report<\/a>:<\/p>\n

In messages sent to Michigan and USC, the Big Ten has signaled that it is moving forward with the deal, even delivering to each program a proposed deadline for their decision. If they don\u2019t agree to the deal, the schools may lose the additional capital as part of the landmark proposal and risk their future within the conference beyond 2036, the current end of the existing grant-of-rights agreement. League officials are socializing a specific date \u2014 Nov. 21 \u2014 for a vote on the capital investment proposal.<\/p>\n

Each school would receive an average of $135 million each in up-front payments. <\/p>\n

Earlier this week, officials at Michigan and USC were informed that if the 16 other member schools agreed to the deal, the two programs would be given a few months’ grace period to agree to join the deal and receive full benefits.<\/p>\n

The conference would be accepting money from <\/a>the University of California pension system, a $190 billion entity responsible for managing the system\u2019s investment portfolio. UC Investments manages the endowment and retirement savings from the UC system and operates independently from the associated universities. <\/p>\n

As part of the deal, UC Investments would buy a 10% stake in the conference\u2019s new offshoot, Big Ten Enterprises. The 10-year extension of the grant of rights would be required to complete the deal.<\/p>\n

The Big Ten has been exploring a private investment for about a year and it seems a deal is on the table, and close to being completed. <\/p>\n

More College Football on Sports Illustrated<\/p>\n

FREE NEWSLETTER. SI BTN Newsletter. Start off your day with SI:CYMI. dark<\/p>\n","protected":false},"excerpt":{"rendered":"The Big Ten is on the verge of completing a $2.4 billion capital investment deal with a California…\n","protected":false},"author":2,"featured_media":283168,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[399,398,396,397,99],"class_list":{"0":"post-283167","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ncaa-football","8":"tag-football","9":"tag-ncaa","10":"tag-ncaa-football","11":"tag-ncaafootball","12":"tag-sports"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/283167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=283167"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/283167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/283168"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=283167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=283167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=283167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}