According to this New York Times article I found, it will have both.
“If a fan subscribes to the main ESPN in any fashion — from the standalone ESPN direct to consumer or cable — they will receive all of the programming from ESPN, ESPN2, ESPNews, ESPNU, its college league networks, as well as ESPN+ and any games on ABC.”
https://www.nytimes.com/athletic/6350815/2025/05/13/espn-streaming-service-cable/