Fox Re-Opening the Contract | Page 3 | The Boneyard

Fox Re-Opening the Contract

superjohn said:
Gus Johnson and Bill Raftery, best in the biz. Steve Lavin, Donny Marshall, Jimmy Jackson, Len Elmore...
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The studio for pre and post game is pretty solid. Fox/FS1 main face of World Cup Soccer. PBA Bowling. College Football Pre Game noon on FOX and College basketball is Rob Stone!

There is a rising star at FS1. Nic Bahe is another name I want to put out there.
 
Big East Fa said:
The studio for pre and post game is pretty solid. Fox/FS1 main face of World Cup Soccer. PBA Bowling. College Football Pre Game noon on FOX and College basketball is Rob Stone!

There is a rising star at FS1. Nic Bahe is another name I want to put out there.
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What was your take on the no announcer games on FS1?
 
gampelcrazies said:
What was your take on the no announcer games on FS1?
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FOX Hoops All-Access I believe it was called. FS1 did have announcer crew for the men's games the past two years. It was great with ZERO commercials! Having both coaches mic's on during the same time during game action is a bit much. The locker room part is cool. The 3-way split screen, I'm not sure I like. (Game and each coach)
 
A Marquette fan shared this info on a Big East board. Very insightful:

The original deal was a 12-year, $500 million deal; on average, that provided $41.6 million per year to the ten members ($4.16 million per member per year). It allowed the deal to be upgraded to $550 million if we went to eleven members, and $600 million if we went up to 12 members. So, without extending the deal - and just following parameters set forth in original deal - that would increase the average payout per year to $45.83 million per year ($4.58 million per member per year). From that, if Fox wanted to "extend" the current deal, upping the annual payout to $6 million, they would "only" need to increase the average payouts by $16.5 million per year total (around $1.65 million per member); from that increase it payouts, Fox gets an additional 40 Big East conference games (an extra two for each team, as well as the full 20 from UConn), as well as the right to an additional BE Tournament game. Not counting the access to UConn's OOC home games it will also acquire, it comes out to about 40k per "extra" contest.

I still think a BE-Fox extension gets announced next July 1st.

So with UConn being added, the schools now all make 4.58 million. 1.65 to get to 6 million. That would be amazing to be making that type of money with football still available to sell to SNY.

Still trying to get clarification on the UConn women.
 
BFieldHusky said:
A Marquette fan shared this info on a Big East board. Very insightful:

The original deal was a 12-year, $500 million deal; on average, that provided $41.6 million per year to the ten members ($4.16 million per member per year). It allowed the deal to be upgraded to $550 million if we went to eleven members, and $600 million if we went up to 12 members. So, without extending the deal - and just following parameters set forth in original deal - that would increase the average payout per year to $45.83 million per year ($4.58 million per member per year). From that, if Fox wanted to "extend" the current deal, upping the annual payout to $6 million, they would "only" need to increase the average payouts by $16.5 million per year total (around $1.65 million per member); from that increase it payouts, Fox gets an additional 40 Big East conference games (an extra two for each team, as well as the full 20 from UConn), as well as the right to an additional BE Tournament game. Not counting the access to UConn's OOC home games it will also acquire, it comes out to about 40k per "extra" contest.

I still think a BE-Fox extension gets announced next July 1st.

So with UConn being added, the schools now all make 4.58 million. 1.65 to get to 6 million. That would be amazing to be making that type of money with football still available to sell to SNY.

Still trying to get clarification on the UConn women.
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It all makes so much sense.
 
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BFieldHusky said:
A Marquette fan shared this info on a Big East board. Very insightful:

The original deal was a 12-year, $500 million deal; on average, that provided $41.6 million per year to the ten members ($4.16 million per member per year). It allowed the deal to be upgraded to $550 million if we went to eleven members, and $600 million if we went up to 12 members. So, without extending the deal - and just following parameters set forth in original deal - that would increase the average payout per year to $45.83 million per year ($4.58 million per member per year). From that, if Fox wanted to "extend" the current deal, upping the annual payout to $6 million, they would "only" need to increase the average payouts by $16.5 million per year total (around $1.65 million per member); from that increase it payouts, Fox gets an additional 40 Big East conference games (an extra two for each team, as well as the full 20 from UConn), as well as the right to an additional BE Tournament game. Not counting the access to UConn's OOC home games it will also acquire, it comes out to about 40k per "extra" contest.

I still think a BE-Fox extension gets announced next July 1st.

So with UConn being added, the schools now all make 4.58 million. 1.65 to get to 6 million. That would be amazing to be making that type of money with football still available to sell to SNY.

Still trying to get clarification on the UConn women.
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I wasn't a math major, but I think the Marquette fan's numbers are messed up. First of all, unless UConn isn't getting any of the Fox money in perpetuity, the simplistic addition of the $50mm would not result in $4.58mm per member because there would be now be 11 members (so it would be the same $4.167mm). It looks as if it's just a way to allow the league to expand without worrying about making less money.

It also doesn't work to say the deal is upgraded to $550mm, unless that is a prorated amount. Otherwise, the Big East would just wait until the last year and get the extra $50mm (a windfall of $4.5mm that year).

I hope we get more money, but that post is off.
 
Chuck said:
I wasn't a math major, but I think the Marquette fan's numbers are messed up. First of all, unless UConn isn't getting any of the Fox money in perpetuity, the simplistic addition of the $50mm would not result in $4.58mm per member because there would be now be 11 members (so it would be the same $4.167mm). It looks as if it's just a way to allow the league to expand without worrying about making less money.

It also doesn't work to say the deal is upgraded to $550mm, unless that is a prorated amount. Otherwise, the Big East would just wait until the last year and get the extra $50mm (a windfall of $4.5mm that year).

I hope we get more money, but that post is off.
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Yeah its 400k extra a contest, not 40k. He was off with that.
 
BFieldHusky said:
A Marquette fan shared this info on a Big East board. Very insightful:

The original deal was a 12-year, $500 million deal; on average, that provided $41.6 million per year to the ten members ($4.16 million per member per year). It allowed the deal to be upgraded to $550 million if we went to eleven members, and $600 million if we went up to 12 members. So, without extending the deal - and just following parameters set forth in original deal - that would increase the average payout per year to $45.83 million per year ($4.58 million per member per year). From that, if Fox wanted to "extend" the current deal, upping the annual payout to $6 million, they would "only" need to increase the average payouts by $16.5 million per year total (around $1.65 million per member); from that increase it payouts, Fox gets an additional 40 Big East conference games (an extra two for each team, as well as the full 20 from UConn), as well as the right to an additional BE Tournament game. Not counting the access to UConn's OOC home games it will also acquire, it comes out to about 40k per "extra" contest.

I still think a BE-Fox extension gets announced next July 1st.

So with UConn being added, the schools now all make 4.58 million. 1.65 to get to 6 million. That would be amazing to be making that type of money with football still available to sell to SNY.

Still trying to get clarification on the UConn women.
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Don't you have to divide that new annual payout by 11 teams now?
 
The added inventory (including WBB) makes me think everyone will be making more than the current figure. How much more is the question.
 
Chuck said:
I wasn't a math major, but I think the Marquette fan's numbers are messed up. First of all, unless UConn isn't getting any of the Fox money in perpetuity, the simplistic addition of the $50mm would not result in $4.58mm per member because there would be now be 11 members (so it would be the same $4.167mm). It looks as if it's just a way to allow the league to expand without worrying about making less money.

It also doesn't work to say the deal is upgraded to $550mm, unless that is a prorated amount. Otherwise, the Big East would just wait until the last year and get the extra $50mm (a windfall of $4.5mm that year).

I hope we get more money, but that post is off.
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You are right. It was off. His response:

Man, my math was WAY OFF. Sincerest apologies.

I did not adjust for the eleventh member: it still comes out to a flat rate to $4.16 per member per year (thus Fox did not incentivize the Big East to expand just for the sake of expanding, which would make sense). While the amounts change, the content numbers do not. It still amounts to at least 41 new guaranteed content slots to offer to Fox (not including UConn Women's Basketball). IF it gets bumped up to $6 million, that would mean each member would need to receive an extra $1.84 million per year (with Fox paying an extra $20 million per year).
 
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Assuming the foregoing is correct it will be interesting to see if there is any premium due to the addition of UConn. If any increase is just due to the non-dilution clause, then the whole Fox wanted UConn narrative takes a bit of a hit.
 
CL82 said:
Assuming the foregoing is correct it will be interesting to see if there is any premium due to the addition of UConn. If any increase is just due to the non-dilution clause, then the whole Fox wanted UConn narrative takes a bit of a hit.
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I keep going back to the piece Kevin McNamara wrote when news broke we were joining. Word is he is very connected inside the Big East office. He got this info from a good source. I am not saying the number is right on, but this wasn't just floated out of thin air. My guy has heard it as well.

Don’t listen when you hear Big East people say this isn’t about money. Expansion is always about money and after getting steamrolled for years by former football partners Boston College, Pittsburgh and Syracuse, everyone should know the score. UConn will pay an entry fee to the Big East ($3.5 million), but that’s usually deducted from future earnings. More importantly, TV partner Fox Sports certainly pushed for this. Word is the addition of UConn can trigger a clause in the Big East’s deal with Fox and re-open talks on a contract that has six years to run. This will mean a bump from the current $4 million or so per school TV payout; perhaps an additional $2 million per school.
 
BFieldHusky said:
It allowed the deal to be upgraded to $550 million if we went to eleven members, and $600 million if we went up to 12 members.
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if adding a 12th school wouldn't cause any dilution then the 20 game-round robin wasn't a sticking point for FOX...
 
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BFieldHusky said:
You are right. It was off. His response:

Man, my math was WAY OFF. Sincerest apologies.

I did not adjust for the eleventh member: it still comes out to a flat rate to $4.16 per member per year (thus Fox did not incentivize the Big East to expand just for the sake of expanding, which would make sense). While the amounts change, the content numbers do not. It still amounts to at least 41 new guaranteed content slots to offer to Fox (not including UConn Women's Basketball). IF it gets bumped up to $6 million, that would mean each member would need to receive an extra $1.84 million per year (with Fox paying an extra $20 million per year).
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So if FOX gets the 41 extra games while maintaining a flat fee per school ($4.16M) what is their incentive to increase it to $6M per school?
 
McLovin said:
So if FOX gets the 41 extra games while maintaining a flat fee per school ($4.16M) what is their incentive to increase it to $6M per school?
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Extended term, I'd guess.

I wonder though if any collateral promises were made to UConn and the NBE as an incentive to make the deal. I guess we'll see.
 
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How Fox uses UConn women's games and a few UConn P5 football games will be interesting. This could have a significant impact on the revenue from a potential SNY contract. Fox could see the women's games as a huge revenue and viewership boost and UConn could get no additional Tier III revenue as Fox keeps the games. Not sure how the Fox contract will work with football as there is obviously no BE football connection. I would suspect that the initial negotiations for UConn are with Fox and not SNY.
 
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Big East Fa said:
Fox Sports will be getting 20 extra conference games. Not 40.
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Yeah, the math was all over the place in the original post by that Marquette fan.

It's an additional 20 men's Big East conference basketball games, plus 1 ( I believe) additional game in the Big East Tournament.

Then I suppose having 20 UConn women's games would be very valuable to the league, but it doesn't seem like it was referring to anything but the men's in the original post.
 
CL82 said:
Extended term, I'd guess.

I wonder though if any collateral promises were made to UConn and the NBE as an incentive to make the deal. I guess we'll see.
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Gotcha. I'm going to assume that Fox has the exclusive rights to make this decision to extend the current deal or not... anyone know how long the extension would go past the current contract?

A 50% bump would be awesome, but one of the knocks on the AAC deal was the length of time. Unless we are getting P5 level money (which the BE isn't) it would not be ideal to be locked in for too long with how quickly technology and college athletics are evolving.
 
ConnHuskBask said:
Yeah, the math was all over the place in the original post by that Marquette fan.

It's an additional 20 men's Big East conference basketball games, plus 1 ( I believe) additional game in the Big East Tournament.

Then I suppose having 20 UConn women's games would be very valuable to the league, but it doesn't seem like it was referring to anything but the men's in the original post.
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There is a good handful of women's games on FS2. Sunday's on FS1 has Big 12 basketball. I believe FS1 would love to have the UConn women on Sunday's and Monday's.
 
connecticut.rivals.com

Financial breakdown of UConn's move to the Big East

A look at UConn's financial motivations for making the Big East move.
connecticut.rivals.com connecticut.rivals.com

this article projects $8 milly a year in revenue for uconn athletics in the BE as opposed to under $7 in the aac.

assuming the FOX deal reaches the projected $6 milly per team once the contract is re-opened then revenue would get up to $10 milly
 
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bendm said:
connecticut.rivals.com

Financial breakdown of UConn's move to the Big East

A look at UConn's financial motivations for making the Big East move.
connecticut.rivals.com connecticut.rivals.com

this article projects $8 milly a year in revenue for uconn athletics in the BE as opposed to under $7 in the aac.

assuming the FOX deal reaches the projected $6 milly per team once the contract is re-opened then revenue would get up to $10 milly
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Good article. It's nothing that you haven't seen here, if you have been paying attention, but it is a good and fairly complete synopsis.
 
noeynox said:
Football money seems ultra conservative.
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I thought so as well but you are talking about 6 games (at least one of which will be FCS) for a team that hasn't had a winning record in nearly a decade. It's programming, but isn't like there will be a lot competitive bidders.
 
Waquoit said:
Does that include the extra ticket sales?
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I did not account for ticket sales in the breakdown, only because I couldn't think of a way to do that without just guessing at what attendance increases would be, which arena would host particular games, and what the prices would be. So take the numbers I presented at the end and realize you'll have to add a little bit because, let's face it, more people are coming out to see Villanova, Georgetown, Xavier, etc.
 
Waquoit said:
Does that include the extra ticket sales?
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And when you get extra people going to games, the parking revenue goes up, the concessions revenues go up..........it's a multiplier effect.


Except at UConn where almost none of that goes back to AD.
 
bendm said:
connecticut.rivals.com

Financial breakdown of UConn's move to the Big East

A look at UConn's financial motivations for making the Big East move.
connecticut.rivals.com connecticut.rivals.com

this article projects $8 milly a year in revenue for uconn athletics in the BE as opposed to under $7 in the aac.

assuming the FOX deal reaches the projected $6 milly per team once the contract is re-opened then revenue would get up to $10 milly
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The main problem with that article, and the assumption that just about everyone is making with the new Big East deal, is that we have received zero indication that we will be in control of our T3 rights in the Big East. Everyone is treating it like a foregone conclusion that we are getting that money when the truth is, I'm sure Benedict and Herbst would have made sure to mention that in the presser last month if it were true. Herbst specifically broke down the cost differences between the two conferences and never once mentioned T3 rights.

Getting to stay on SNY is a big boost for the university either way, but the conference will almost definitely retain our T3 rights and pocket the money from any SNY deal with UConn basketball. I would love to be proven wrong, but I don't recall seeing any information to the contrary.
 
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