CBS BBall Contract: $571,000 Per School, Per Year

[nelsonmuntz]

Oh, this is the old "Lets blame ESPN because the Big East turned down A BILLION DOLLARS" canard?

Don't turn down a billion dollars. Nobody, ever, in human history, has cost someone revenue by offering to give them ONE BILLION DOLLARS.

Ever.


*exception: the US government

There are only 4 organizations that got hurt by ESPN's lowball offer: UConn, USF, Cincinnati and ESPN. ESPN ended up paying more for Louisville, Syracuse and Pitt along with ND's basketball program, THAN THEY WOULD HAVE PAID FOR THE ENTIRE BIG EAST IF THEY HAD JUST MADE A REASONABLE OFFER!!!

The 14 schools that left DOUBLED what they would have received under ESPN's lowball. ESPN's epically stupid power play back fired on them and crushed UConn's athletic program.

I am against corporate welfare in all forms, but I am especially against corporate welfare to a company as stupid as ESPN.

 

[upstater]

There are only 4 organizations that got hurt by ESPN's lowball offer: UConn, USF, Cincinnati and ESPN. ESPN ended up paying more for Louisville, Syracuse and Pitt along with ND's basketball program, THAN THEY WOULD HAVE PAID FOR THE ENTIRE BIG EAST IF THEY HAD JUST MADE A REASONABLE OFFER!!!

The 14 schools that left DOUBLED what they would have received under ESPN's lowball. ESPN's epically stupid power play back fired on them and crushed UConn's athletic program.

I am against corporate welfare in all forms, but I am especially against corporate welfare to a company as stupid as ESPN.

They took UConn, Cincy and USF's money and gave it to Pitt, Cuse and Louisville.

 

[upstater]

On the flip side. I don't remember Uconn out there publicly coercing the other members of the BE to accept the deal. Turnabout is fair play?

There were 4 members against the deal. If there had been only 3, the deal would have gone through. Of course, 2 or 3 of those members voting against would have left. AND, then ESPN would have renegotiated the deal.

What should have happened is this: Pitt voted against the deal, then UConn and Cuse would leave for the ACC, and Pitt would be left behind wondering why it opposed the deal.

 

[whaler11]

It's hilarious that the offer can still be termed 'low-ball'. After seeing NBC bring 1/6th the cash... You'd think reality would set in.

 

[whaler11]

In Waylon's world (3*20)>((12*12)+(7*4))

I can't wait to see what Boise and SDSU do with the 22 million they got. Because everyone 'doubled' what they got. And sure WVU and Rutgers don't actually get all that money.

For years of railing against DePaul, Seton Hall and Providence now ESPN made a mistake by lowballing those worthless programs?

Waylon was the loudest voice against the offer so it's not shocking that even after walking away from it was clearly suicide he'll still argue it was the right move.

NBC was the biggest joke in the history of negotiations. Tying yourself to that lead balloon was idiotic.

 

[CL82]

Providing the very same corporate welfare you rail against, interesting.

Do you even read what you post? Is it just that you are so ashamed, you will post anything to justify working yet another day for the entity that has very nearly destroyed Connecticut Athletics?

 

[J187Money]

So (if Zls does in fact work for espn) he should quit because he is a Uconn fan?

 

[HuskyFan16]

No, but there is no incentive to stand and deliver half-truths and strawman arguments defending his employer on an anonymous message board. Sitting here and trying to convince people that ESPN wasn't at least partially responsible for dishing out what UConn has been served would be exactly that.

 

[pj]

Oh, this is the old "Lets blame ESPN because the Big East turned down A BILLION DOLLARS" canard?

Don't turn down a billion dollars. Nobody, ever, in human history, has cost someone revenue by offering to give them ONE BILLION DOLLARS.

Ever.


*exception: the US government

Since ESPN is now paying nearly every Big East football school twice what they offered in that contract, and Fox is paying the C7 the same as ESPN offered, it seems all but 3 schools benefited from rejecting the ONE BILLION DOLLARS.

 

[nelsonmuntz]

In Waylon's world (3*20)>((12*12)+(7*4))

I can't wait to see what Boise and SDSU do with the 22 million they got. Because everyone 'doubled' what they got. And sure WVU and Rutgers don't actually get all that money.

For years of railing against DePaul, Seton Hall and Providence now ESPN made a mistake by lowballing those worthless programs?

Waylon was the loudest voice against the offer so it's not shocking that even after walking away from it was clearly suicide he'll still argue it was the right move.

NBC was the biggest joke in the history of negotiations. Tying yourself to that lead balloon was idiotic.

Hey math genius. Try this:

ACC was at $150MM a year through 2025 for 12 schools. Now the ACC is just under $300MM a year through 2025 for 14.5 schools, and that number will blow past $300MM by the time the ACC network is set up. ESPN re-opened a contract they didn't have to reopen and get the ACC what will ultimately be an extra $150MM a year for Pitt, Louisville, Syracuse, and Notre Dame's basketball team.

Edit: what is 12*12 + 7*4? Are you saying the Big East offer was for $172MM?

 

[nelsonmuntz]

It's hilarious that the offer can still be termed 'low-ball'. After seeing NBC bring 1/6th the cash... You'd think reality would set in.

If 14 of the 17 schools were valued by other networks at double what they were valued by ESPN's Big East offer, then that is the very definition of lowball. If you offer someone $300k for a house, and someone else pays $600k, then your offer was a lowball.

 

[nelsonmuntz]

They took UConn, Cincy and USF's money and gave it to Pitt, Cuse and Louisville.

ESPN tried to play God, and the situation backfired badly on them.

 

[whaler11]

Hey math genius. Try this:

ACC was at $150MM a year through 2025 for 12 schools. Now the ACC is just under $300MM a year through 2025 for 14.5 schools, and that number will blow past $300MM by the time the ACC network is set up. ESPN re-opened a contract they didn't have to reopen and get the ACC what will ultimately be an extra $150MM a year for Pitt, Louisville, Syracuse, and Notre Dame's basketball team.

Edit: what is 12*12 + 7*4? Are you saying the Big East offer was for $172MM?

Yeah, ESPN didn't have to reopen the contract. Just like you don't have to keep breathing. Same thing happens if they don't reopen or you stop breathing. Death.

They had two choices. Raise the contact or not have an ACC - you idiotic interpretation of the math ignores that.

 

[nelsonmuntz]

Yeah, ESPN didn't have to reopen the contract. Just like you don't have to keep breathing. Same thing happens if they don't reopen or you stop breathing. Death.

They had two choices. Raise the contact or not have an ACC - you idiotic interpretation of the math ignores that.

The ACC was locked into a TWELVE YEAR DEAL when ESPN approached the ACC to add two Big East schools in order to force the Big East deal down. If ESPN had just offered a decent contract to the Big East, they would have kept the league together and kept the ACC at $150MM. Instead, they low-balled, lost the C7 to Fox, most of WVU and TCU to Fox, and Rutgers to the BTN/Fox, and paid $150MM for Louisville, Pitt, Syracuse and ND hoops. I would say they screwed up.

 

[whaler11]

The ACC was locked into a TWELVE YEAR DEAL when ESPN approached the ACC to add two Big East schools in order to force the Big East deal down. If ESPN had just offered a decent contract to the Big East, they would have kept the league together and kept the ACC at $150MM. Instead, they low-balled, lost the C7 to Fox, most of WVU and TCU to Fox, and Rutgers to the BTN/Fox, and paid $150MM for Louisville, Pitt, Syracuse and ND hoops. I would say they screwed up.

OMG are you seriously this stupid. The ACC would not have survived in this form at the old deal.

Do you not get that they increased the contact under the guise of adding teams to save face? It was increase the ACC rake or lose all the teams to other leagues. Don't you remember ranting and raving about how Clemson and Florida State were leaving AFTER the money increased. They would have left at the old number.

You really just can't admit who really screwed up. And that would be the Big East working under your assumptions.

 

[J187Money]

There are also network effects in play. Teams aren't worth anything without opponents. If you put ND in the MWC it's value would go down. Adding those teams to the ACC makes them all more valuable. The Big East by itself had very little cache from a football perspective. So it isn't simple math.

 

[whaler11]

There are also network effects in play. Teams aren't worth anything without opponents. If you put ND in the MWC it's value would go down. Adding those teams to the ACC makes them all more valuable. The Big East by itself had very little cache from a football perspective. So it isn't simple math.

This seems to be lost on the majority of posters here. Rutgers is worth more playing Penn State and Michigan than they are Cincinnati and South Florida.

Same Rutgers... much different value.

 

[CL82]

This seems to be lost on the majority of posters here. Rutgers is worth more playing Penn State and Michigan than they are Cincinnati and South Florida.

Same Rutgers... much different value.

Good point.

 

[kobe]

I thought it was 4 million per year, what a horrible deal. What is really dumb is UConn and Cincinnati (possibly Temple and Memphis too) will probably play all the games airing on CBS, yet schools like Tulane, ECU and Tulsa will get the same share of CBS money.

 

[UPitt]

Does the basketball contract have any conditions for a conference tourny? I would think certain venues would make for a better TV product than others. I read earlier that Memphis is a likely candidate, with Louisville, Orlando, or Tampa Bay being considered too.

The conference tourny may be a way to raise additional revenue for each team.

 

[upstater]

I thought it was 4 million per year, what a horrible deal. What is really dumb is UConn and Cincinnati (possibly Temple and Memphis too) will probably play all the games airing on CBS, yet schools like Tulane, ECU and Tulsa will get the same share of CBS money.

The money is so minimal that I'd bet you they'd trade places (for exposure) in a heartbeat.

 

[huskymedic]

Does the basketball contract have any conditions for a conference tourny? I would think certain venues would make for a better TV product than others. I read earlier that Memphis is a likely candidate, with Louisville, Orlando, or Tampa Bay being considered too.

The conference tourny may be a way to raise additional revenue for each team.

Have not heard Chicken Center mentioned @ all...

kyleveazey 2:17pm via HootSuite
Tourney venues just discussed, to be finalized in a couple of weeks. Brad Martin said he's "very, very optimistic" it'll be FedExForum. (Brad Martin is Memphis President).

 

[whaler11]

Tampa Bay and Orlando are jokes. If they put the tournament in Louisville we should take up torches.

Memphis is a kick in the balls - but at least it's defensible.

 

[huskymedic]

Tampa Bay and Orlando are jokes. If they put the tournament in Louisville we should take up torches.

Memphis is a kick in the balls - but at least it's defensible.

Greg Auman ‏@gregauman 7h
USF President Judy Genshaft said Tampa/Times Forum is no longer up for American (AAC) men's basketball tournament due to hockey conflict.

Greg Auman ‏@gregauman 5h
On Tampa's Times Forum not being available for American (AAC) men's hoops: NHL requires list of reserved dates November of previous season.

 

[whaler11]

Greg Auman ‏@gregauman 7h
USF President Judy Genshaft said Tampa/Times Forum is no longer up for American (AAC) men's basketball tournament due to hockey conflict.

Greg Auman ‏@gregauman 5h
On Tampa's Times Forum not being available for American (AAC) men's hoops: NHL requires list of reserved dates November of previous season.

They need to take it off the list permanently not put it on 'ice'.