Wichita State University fell a couple wins short of reaching its eighth consecutive NCAA Men's basketball tournament this month, but a deal struck this week comes with good news in the form of a financial boost for the program and the university it represents.
Wichita State is about to see a large increase in annual revenue due to a reported television deal the American Athletic Conference struck with ESPN.
A new report from SportsBusinessDaily.com says the conference and ESPN agreed to a new $1 billion media rights deal that will start in 2020 and run for 12 years. The website reports the deal will provide Wichita State and every other AAC school an additional $5 million in annual revenue.
For Shocker fans, this comes with a new option to watch basketball games. Games will continue to air on ESPN channels, but many basketball games will now stream on ESPN + (Plus), an online subscription service.