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The basketball-football rift became fatal...
Sports Business Journal :
The league’s deeply rooted divisions turned fatal amid negotiations for a new television contract in April 2011. Reports at the time indicated former Big East Commissioner John Marinatto, who died in 2021, recommended the Big East accept a nine-year deal from ESPN worth $1.17 billion — good for an average of $130 million annually. The problem, though, centered on non-football members netting just $2.43 million annually compared to the $13.8 million the football membership would receive. The league presidents voted the deal down.
ESPN carried an exclusive negotiating window into November 2012 that eventually came and went without a deal, sending the Big East onto the open market.
In the midst of the television negotiation chess, Notre Dame, Rutgers and West Virginia left the league. Longtime stalwarts Pittsburgh and Syracuse departed too, while Marinatto resigned as commissioner on May 7, 2012.
Curious if the money Big East schools will get puts funding for their basketball programs on par with the ACC and B12. Sure ACC and B12 schools get $30-40M a year but a big percentage of that is allocated to football.