Big East TV Deal with FOX, TNT, and NBC

[shizzle787]

$7.5M is not “almost double”

Quit putting lipstick on this pig.

An 85-88% increase is by any definition almost double.

 

[noeynox]

People need to be realistic. Its a decent enough number. What other non FBS FB conference is anywhere near those figures?

 

[shizzle787]

People need to be realistic. Its a decent enough number. What other non FBS FB conference is anywhere near those figures?

The Big 12 gets 32 million per year. Basketball is conservatively 20% of the contract. That’s 6.4 million. We get more than the Big 12 for basketball. This will allow us to pay the NCAA back payments and put 2.5 million in revenue sharing before even touching current revenue or expenses.

 

[VAHuskyFan]

The current deal is 500 million for 12 years. This one will be 500 million for six years. Even adding UConn as an 11th school, it will be close to double.

$500M 12 years ago = $684M in 2024 dollars.
Old deal: $57M a year / 10 teams = $5.7M
New deal: ~$77.5M a year / 11 teams = $7.0M

So 23% more per team in real dollars than the old contract.

 

[Vuce]

People need to be realistic. Its a decent enough number. What other non FBS FB conference is anywhere near those figures?

This is correct. It's very good for a basketball only conference but it's horrible if compared to other power conferences.

 

[JMick]

if the deal is $500mm or less we should start pushing for unequal revenue sharing with the few other schools holding up the conference.

 

[superjohn]

Lol less than $500M over 6 years. awful

Where are you seeing this? That would be a disaster. The 12 year $500 deal was for 10 teams without UConn which is far and away their biggest moneymaker and the deal was backloaded. We're probably making close to $5 million a year on the current contract. TNT losing the NBA needs content as does Peacock. I have no faith in Val but if the money # is really that low and we're getting a significant # of games behind a paywall it's unfathomable to me.

 

[shizzle787]

$500M 12 years ago = $684M in 2024 dollars.
Old deal: $57M a year / 10 teams = $5.7M
New deal: ~$77.5M a year / 11 teams = $7.0M

So 23% more per team in real dollars than the old contract.

LOL. It’s 41.7 million per year in the old deal; not 57 million. Also, the cost of living was less 12 years ago.

 

[jostar1]

A few thoughts on the pending Big East media deal
BY BEN PORTNOY
6.25.2024

A couple musings on the deal:

The Big East is a fascinating case study in how media companies value basketball moving forward. The league has won four of the last eight men’s D-I basketball national championships. That moves the needle. That said, football is the biggest driver of media rights money. Depending on the final numbers, I’ll be curious where the Big East’s eventual deal stacks up with Group of Five football-centric deals. The AAC deal secured by retired Commissioner Mike Aresco, for example, netted the league a nearly $1 billion, 12-year agreement with ESPN. If the Big East is anywhere remotely near that neighborhood, that’s a massive win.

Folding in a couple of network partners is a nice touch for a league that has a footprint spanning from New York City to Nebraska. In short, more TV partners mean more potential eyeballs nationwide. We saw how the Big Ten added value to its deal with a few different media partners. The Big East working a similar angle feels like the right move.

A few thoughts on the pending Big East media deal

the Big East is putting the finishing touches on a new six-year media rights deal with Fox, NBC and TNT that is expected to see a significant hike from its previous 12-year, $500 million contract. What does it mean for basketball rights, and how does it set the stage for Group of Five conferences?

www.sportsbusinessjournal.com

 

[shizzle787]

Where are you seeing this? That would be a disaster. The 12 year $500 deal was for 10 teams without UConn which is far and away their biggest moneymaker and the deal was backloaded. We're probably making close to $5 million a year on the current contract. TNT losing the NBA needs content as does Peacock. I have no faith in Val but if the money # is really that low and we're getting a significant # of games behind a paywall it's unfathomable to me.

Sportico estimate. SBJ estimated the same thing.

 

[shizzle787]

Where are you seeing this? That would be a disaster. The 12 year $500 deal was for 10 teams without UConn which is far and away their biggest moneymaker and the deal was backloaded. We're probably making close to $5 million a year on the current contract. TNT losing the NBA needs content as does Peacock. I have no faith in Val but if the money # is really that low and we're getting a significant # of games behind a paywall it's unfathomable to me.

If we are getting 7.3 million per year, how is that low? That is in line with 20% of the contract for the ACC and Big 12. Actually slightly better than both, and we go to market again in just six years.

 

[VAHuskyFan]

LOL. It’s 41.7 million per year in the old deal; not 57 million. Also, the cost of living was less 12 years ago.

$41.7M is $57M in inflation adjusted (2024) dollars. That’s what accounts for the cost of living being lower.

 

[gsmooth]

$500 million over six years. About 7.5 million per year. Almost double what we get now.

I hope not. That is a downer if those are the monetary terms in the contract.

 

[phillionaire]

No, AI answered the question based on a prompt from the UConn Facebook post. Also, SBJ hinted at that number in their most recent podcast.

AI also said it’s ok to eat one small rock a day so who knows where it pulled that hallucination from

 

[UCSouth]

I’m gonna start telling people you need a bucket of water from the pond to flush the toilet at our Vermont house. Then maybe people will stop coming. This is brilliant.

BYOB has a whole new meaning.

 

[noeynox]

If we are getting 7.3 million per year, how is that low? That is in line with 20% of the contract for the ACC and Big 12. Actually slightly better than both, and we go to market again in just six years.

People think its low because they deluded themselves into thinking 14 to 15 million was a real number. I include myself in that group after the UConn podcast guy floated that number, i was skeptical but hopeful, but hope is hardly ever rewarded.

 

[Kembafan]

If we are getting 7.3 million per year, how is that low? That is in line with 20% of the contract for the ACC and Big 12. Actually slightly better than both, and we go to market again in just six years.

Hard to argue with that. I guess the answer is that it’s about right for the big east, but UConn needs P4 money if we’re gonna pay our coach $10M a year

 

[superjohn]

If we are getting 7.3 million per year, how is that low? That is in line with 20% of the contract for the ACC and Big 12. Actually slightly better than both, and we go to market again in just six years.

Because we're making nearly $5 million right now on a deal from 2013 which UConn wasn't even a part of. Because I don't believe the 20% basketball #. Even if you want to believe that lowball basketball number Big 10 teams would be getting $16-20 million for basketball.

 

[HuskyAlum012]

Because we're making nearly $5 million right now on a deal from 2013 which UConn wasn't even a part of. Because I don't believe the 20% basketball #. Even if you want to believe that lowball basketball number Big 10 teams would be getting $16-20 million for basketball.

The B1G basketball ratings on the same network as ours and absolutely dominate the BE. The BE ratings really are not impressive one bit outside of UConn games.

 

[ZooCougar]

An 85-88% increase is by any definition almost double.

Ok apologist.

 

[Kolumbo]

 

[JMick]

If we are getting 7.3 million per year, how is that low? That is in line with 20% of the contract for the ACC and Big 12. Actually slightly better than both, and we go to market again in just six years.

You can't justify the math based on a made up number of 20%

 

[bendm]

ANYTHING on Peacock is dreadful.

wrong. the prem league is on peacock and it's quality coverage watched by millions of americans. wouldnt mind a few of our games on peacock and max if the rest are on fox, fs1, nbc and tnt.

 

[JMick]

ANYTHING on Peacock is dreadful.

Is it 4k at least? I'm fine going to apps if they actually stream at the resolution that 99% of all modern TVs are produced at.

 

[ZooCougar]

You can't justify the math based on a made up number of 20%

Imagine not getting a pay raise since 2013, not even for inflation and then some chucklehead like Shizzle wants to tell you that you make double now.