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Michigan State Inks $150 Million Deal with Fox Sports

Spartans to make $10 million per year for multimedia rights.

Mike Carter-USA TODAY Sports

The Michigan State Spartans are no longer the only Power 5 school handling multimedia rights in house.

MSU has finalized a 15-year agreement with FOX Sports that should be worth at least $150 million. For comparison, in 2008 Michigan signed a 12-year deal with IMG College worth $86 million, according to the Lansing State Journal.

The deal should bring in about $10 million per year, which is reportedly about $3 million more than the current amount, and is one of the highest-paying nationally. FOX Sports Detroit and the Big Ten Network are both FOX Sports properties.

Michigan State is the fifth school to sign such a deal with FOX, and the first Big Ten school. The company's duties will include advertising that the school and Spartan Sports Network used to handle.