Lucrative Pac-12 TV deal

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PHOENIX, Ariz. -- A massive money move for the soon-to-be Pac-12, still known as the Pac-10.  The conference agreeing to a 12-year television deal with ESPN and Fox.

Back up the money truck, 12 years, $2.7 billion bucks. The richest TV deal for any conference, ever.

The official announcement coming Wednesday in Phoenix.  Ssince taking over in 2009, Pac-10 Commissioner Larry Scott going full speed ahead. 

The deal almost quadruples what the conference will make in terms of revenue.   Football and basketball are the meat behind the agreement.