The Michigan State Athletic Department announced via press release Thursday a new multimedia rights partnership with FOX Sports.

The new contract takes effect for the 2016-17 school year.  The Spartan Sports Network and its affiliates will continue to be the radio partner going forward.

According to the report, the 15 year deal will provide revenues of over $150 million. Prior to the deal, Michigan State was the last school of the "Power 5" conferences to manage its multimedia rights in-house.

Athletic Director Mark Hollis on the partnership “Now is the right time and FOX Sports is the right partner for Michigan State. FOX Sports can focus on building the Michigan State brand and leverage synergies with the FOX Sports family of networks, including FOX Sports Detroit and BTN."