ESPN and the Atlantic Coast Conference announced a 12-year deal -- beginning with in 2011-12 and running through 2022-23 -- that gives the all-sports network exclusive rights to every conference-controlled football and men’s basketball game, plus women’s basketball and Olympic sports matchups, and conference championships.
The value of the deal has been variously reported at about $1.86 billion and would significantly increase payouts to ACC member schools from existing levels.
Here's the official ESPN release, and a report by Milton Kent at fanhouse.com that includes comments from ACC commissioner John Swafford.