The Pac-12 will hold a press conference Tuesday morning at 9 a.m. MT at the Arizona Biltmore Hotel in Phoenix to provide an update on the Pac-12 media rights negotiations. On Monday, reports were making the rounds that the Pac-12 has agreed to a 12-year, $3 billion television deal with the ESPN and Fox family of networks. The expected deal is to make the soon-to-be Pac-12 the richest conference from their media rights.

The press conference will be streamed live and can be seen below. The list of speakers are Larry Scott, Pac-10 Commissioner, Randy Freer, President of Fox Sports Networks, Burke Magnus, ESPN Senior Vice President of College Sports Programming. The exact details of the television deal is the obvious announcement, but expect questions to be directed toward Scott regarding the Pac-12s network since the only details are that it will be run by the league and have a digital element similar to ESPN3.com.