Big 12 (-2) Announces TV Deal
by Wolvie on Apr 13, 2011 7:27 PM CDT
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PrintSo Fox Sports and the Big XII have announced their 13-year deal worth reportedly $90M.
This, along with the current TV deal with ESPN will bring the conference's "total TV rights revenue" to $130M (through 2016). By comparison, the SEC got $205M last year, and our new home The B1G generated $220M.
Now, assuming that the revenue is distributed equally (which I don't believe it will be), that's $13M per Big XII member. That's the big announcement? That's the carrot that Beebe dangled in front of several remaining members to keep them together?
...Oklahoma athletic director Joe Castiglione said the contract validates why the league’s media partners encouraged the remaining schools to stay together.
"Through this agreement, the Big 12 institutions will generate per-member revenue at the highest levels of college athletics," he said.
You think so Joe? When the SEC is distributing about $17M per team, and The B1G would (if revenue stayed flat and Nebraska was a full member) distribute a bit over $18M per team?
What say you, fellow Husker fans? Is this a dud? Did I miss something in the story that makes it a good deal? Did we miss out on something good, or did we get out while the gettin's good?
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The Yahoo story has been edited
Appologies Cyed. When I read the story yesterday evening, it said that the “total TV rights revenue” was $130M. Now that line and that number don’t appear in the story. I should have checked Yahoo’s math, because both the $90M and $60-65M numbers were in the story.
So, you get $15M per if everything was equal, instead of $13M.
unfortunately
the main thrust still stands. the ruling class will get most of it.
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by Jon Johnston on Apr 14, 2011 6:32 PM CDT up reply actions
Is that 90 Mil
before the 3 get theirs or after? Didn’t the forgotten 5 agree to giving extra for the 3 to stay?
GBR!
throw dem bones!!!
Sure, this will be unequal.
but I do think that people mistake the reason for the BTN large profits since its introduction. Its not because of something “special” with the Big Ten, its the fact that CF everywhere was undervalued, and the networks were capturing an insane amount of the value. But since the Big XII was the last conference to work out a contract before the Big Ten Network exposed everything, they are the last to adjust for this correction. In fact, until Neb. is fully invested in 2016, fully expect a school like Mizzou to make more TV money. (BTW, Neb did get a bit hosed in that Big Ten deal, in depressing Nebraska’s TV revenue amounts until 2016, but Neb was in a position of uncertainty, and the Big Ten was in a position of strength. But, hey, that’s negotiating. Esp. when the Pac 16 thing was announced, that basically eroded all of Neb. bargaining position)
This is all going to be long term gain, but I think that some thought Neb would be making twice to 3 times the amount of TV revenue of our former Big XII brethren, and that is certainly not going to happen into perpetuity. Maybe in 10 years, we make $5 M to $7 M more than a school like Mizzou, but certainly not double.
Engineering wouldn't be so bad if occam's razor worked.
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