Lville has dedicated fans that attend games even if dumpster fire. Compare to UConn that has fair weather fans. Same is true in football where teams like Iowa State and KU when they were bad still had high attendance at football games.
Big East TV Deal with FOX, TNT, and NBC
- Thread starter aburks41
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So I saw a graphic online comparing the revenue generated from MBB for all public schools in FY 2023 and UConn was only 10.63 million, right between Oregon and Washington. We were ranked 45th, how can this be especially with a natty?
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Yea but how much is the Comcast deal worth?
Schools do accounting differently and I think that graphic was mostly based on ticket sales, which is building dependent. These numbers are very difficult to compare.
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We do well but not great in fund raising, nothing in media, home attendance was around 11500 which is good but not great. Not in the Top 50 for attendance.
But operating expenses were around $13M for MBB so is our back-to-back championships team really burning money?
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Waquoit
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It's good considering we play half the games in an arena that hold 1K less than 11.5.
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The NC in what apparently is an incentive based system wouldn‘t be reflected until 2023-24 season and will be multiplied next year and with the second one success this year and it will rise again
It looks like the original Big East contract was $4,000,000 per team
It also looks like the Big East got a kick up as an incentive to add UConn.. My guess was adding us was more about open purses than open hearts .
Based on those numbers even if I back out Fox’s $6,000,000 bonus.with an unspecified destination I’m guessing
UConn’s badketball revenue will be $13,000,000 minimum .and rising . Numbers that undervalue
our Basketball worth by $4,000,000 to $8,000,000 depending on the conference
For example using low estimates in the B1G 15% of $80,000 + NCAA revenue plus Ticket sales for men an women we’re in excess of $20,000,000
If I were UConn I would be shopping us as a basketball only to a major conference. , If for no other reason than leverage on the Big East..,If you really think about that’s exactly what our image is.
Louisville numbers are really interesting
Although they’ve lost about $2,000,000 or more vs those numbers last year their revenue is still amazing. Their budget is $136,000,000 .,
The two things i noticed is Louisville
more evenly accounts for media revenue between football ( which loses money) and basketball plus they have an outside source that contributes to basketball specifically. So accounting methodology can paint a different picture.
The Yum center is also an advantage when they’re good..
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Yes but everyone wants to eliminate or reduce the XL games and though we might “sell out” those games, I doubt we do, the fannies in seats are mostly dictated by the opponent. Really at Gampel too. Not like the dayscwhen they’d sell out the Civic Center if the played five orange cones!
The other thing is that playing at Gampel is good in my mind but you need to accept that a 10,000 seat arena will limit your take. A good Louisville or Syracuse team will always outdraw a great UConn one.
I mean Cameron Indoor is smaller than Gampel and I bet Duke would be top 10 at least (only public schools were included). I'm not saying we have to be as high as Duke but we don't have any excuse to be bottom of the P5 in terms of revenue unless the school is accounting in a different manner. I also don't think conference media deals were included
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It’s accounting.
Something is amiss with those numbers. It doesn't jive with a number of other sources out there. In one example from the previous year, mens/womens combined has UConn at 4th in the nation at $34.5M and Louisville was 6th at $28.7M.
For reference, other BE teams:
MU 7th at $27.7M
Nova 16th at $24M
X 26th at $18.8M
Duke was 1st at $47.7M
www.gobankingrates.com
For reference, other BE teams:
MU 7th at $27.7M
Nova 16th at $24M
X 26th at $18.8M
Duke was 1st at $47.7M
Schools That Make the Most Money Off College Basketball
Find out which school brings in the most cash.
www.gobankingrates.com
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Keep in mind also none of this accounts for donations as well as applications growing (UConn has seen applications grow an additional 15k in the last two years) and other tangentially related elements from a marketing standpoint that improve university selectiveness, prestige, and so forth.
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In the mid 1980s, Duke trustees evaluated a plan to build a 16,000 seat arena, and they turned it down. Why? Well, they preferred the ambiance of Cameron Indoor Stadium, AND it was a tacit admission that in a market where Duke is still only the third most popular school, selling 11 or 12,000 a game would be nice but at the cost of lots with empty seats (or seats bought up by Tar Heel and Wolfpack fans). It wasn't a good long term plan.
Think of it as the opposite of what has become of a home court advantage at Georgetown, with 12-15,000 empty seats a game.
Think of it as the opposite of what has become of a home court advantage at Georgetown, with 12-15,000 empty seats a game.
Interesting. I did not know that Duke had that decision to make in the mid 1980s.
BTW, what Georgetown blog do you frequently post on and read from? Apologies, I know I asked you this before, but I didn't remember what your answer was.
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Peacock has hiked the price of its streaming service as it looks to boost falling profits.
On Thursday, a $2 a month increase kicks in that takes the price for its standard service - confusingly called ‘Premium’ to $7.99. The annual cost is rising $20 from $59.99 to $79.99.
Both work out as a huge 33 percent price rise.
'Premium Plus' is also up $2 to $13.99 a month and $20 to $139.99 a year.
New subscribers pay the higher prices across all plans from today, and existing ones will see it take effect on August 17.
Peacock is the latest to raise prices as TV streamers seek to turn a profit on businesses that until now have lost money.
This is Peacock’s second price increase in the past year.
www.dailymail.co.uk
On Thursday, a $2 a month increase kicks in that takes the price for its standard service - confusingly called ‘Premium’ to $7.99. The annual cost is rising $20 from $59.99 to $79.99.
Both work out as a huge 33 percent price rise.
'Premium Plus' is also up $2 to $13.99 a month and $20 to $139.99 a year.
New subscribers pay the higher prices across all plans from today, and existing ones will see it take effect on August 17.
Peacock is the latest to raise prices as TV streamers seek to turn a profit on businesses that until now have lost money.
This is Peacock’s second price increase in the past year.
Major streaming service hikes prices by 33 percent: 'Time to cancel!'
One of America's most popular TV and film streaming services is raising prices this week for all customers.
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Guess it's good I just prepaid $19 for the entire year recentlyPeacock has hiked the price of its streaming service as it looks to boost falling profits.
On Thursday, a $2 a month increase kicks in that takes the price for its standard service - confusingly called ‘Premium’ to $7.99. The annual cost is rising $20 from $59.99 to $79.99.
Both work out as a huge 33 percent price rise.
'Premium Plus' is also up $2 to $13.99 a month and $20 to $139.99 a year.
New subscribers pay the higher prices across all plans from today, and existing ones will see it take effect on August 17.
Peacock is the latest to raise prices as TV streamers seek to turn a profit on businesses that until now have lost money.
This is Peacock’s second price increase in the past year.
Major streaming service hikes prices by 33 percent: 'Time to cancel!'
One of America's most popular TV and film streaming services is raising prices this week for all customers.
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Can someone summarize our Big East television contract. What will we get yearly, on what network will our games be played, how long is the contract for.
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I don’t believe the financials have been released.
Fox family of channels, Peacock, TNT/Max
I think it’s a 7 year deal, if I remember correctly?
Big East unveils media deal details, including early Peacock start, women’s sports boost
BY AUSTIN KARP
6.27.2024
The Big East today is formally unveiling its new six-year media-rights pacts with Fox Sports, TNT Sports and NBC Sports, which was approved by school presidents. Allen & Co. and Proskauer were advisers on the deal for the Big East. Sources noted earlier in the week that the conference will see a moderate rights fee uptick. The existing pact was a 12-year, $500M deal with the Big East (an average annual value of around $41.67M).
Fox, which has been the conference’s lead TV partner since the “Catholic 7” broke off 11 years ago, will keep that position in the new deal (including coverage of the Big East Men’s Basketball Tournament). Fox, FS1 and FS2 will air games as part of the deal that starts with the 2025-26 school year and runs through 2030-31, showing 80 games each season between the men and women (FS1 is coming off its most-watched regular season on record for Big East men’s hoops; Fox was flat). The conference also had one of its best viewership figures yet for the Big East Tourney on Fox Sports. One area where Fox can look to improve is with getting more Big East games into the top 25 most-watched games for the regular season, as no Big East men’s games on Fox were on that list last season.
Warner Bros. Discovery will have games under the new deal across TNT (the primary network in the deal for WBD), TBS, truTV and Max as well. TNT Sports will air 65 games across men's and women's hoops each season. Over on NBC Sports, the broadcast net will be airing games, but streaming will be predominant platform (60 hoops contests each season across TV and Peacock each season). Peacock will also be streaming games a season earlier than the start of the other portions of the deal, beginning in the fall (25 regular-season games and five early round/quarterfinal games in the men’s hoops tourney).
The new deal also is a boost for coverage of women’s sports within the Big East. Women’s hoops in the new deal will see 3x the number of games aired compared to the current deal, with around 65 games being televised during the regular season, as well as the complete Big East Women’s Basketball Tournament. Fox and FS1 both just came off their most-watched season ever for women’s hoops. Olympic sports also get a boost with the new deal, with championship events around soccer, lacrosse, volleyball, baseball and softball getting windows.
Big East unveils media deal details, including early Peacock start, women’s sports boost
The Big East today is formally unveiling its new six-year media-rights pacts with Fox Sports, TNT Sports and NBC Sports, which was approved by school presidents.
www.sportsbusinessjournal.com