Can't stand Cowherd. On point here. This doesn't even mention the boatloads of money paid towards other organizations outside of the NBA and NFL.
“Years ago when I used to work at ESPN, they signed an NBA contract and ESPN was paying the NBA $400 million a year, and it was reported as I was driving to work that day they had signed the NBA for $1.4 billion.
I told my producers … ‘fellas, it’ll never be the same here.’ You can not pay four times for the house what you paid for the house last year. And I said this company will never be the same.
It was at that point I started looking, and this is not going to end today. They have really cost-prohibitive contracts, combined with cord-cutting.
I said this when they cut 850 people, I said it the next day, it’s awful, and it will happen annually for the next decade. You have to have contracts …
I’ll give you an example – at Fox we pay $1.1 billion for the NFL. You have the 1 o’clock window and the 4 o’clock window, wild card games, NFC Championship, and two of the next four Super Bowls. We make a lot of money on the NFL … ESPN pays $1.9 billion, gets a bunch of highlights, no Super Bowls, and one increasingly irrelevant Monday Night Football game.
We have a great NFL contract, they have a really marginalized NFL contract. These firings are awful. It makes me sick.
The good news is – most of the people let go are really talented, but this is all about business, and when you have overpaid for products, sometimes six and seven hundred million more than you had to pay, certainly with the NBA that’s the case, they just pay way too much for it. This is the result, it’s awful, and I think unfortunately this was the first of a 10-year deal with the NBA and I just feel awful – there’s are a lot of good people.