All I know is that I'd bet the farm that Presidents weren't willing for their school to take a smaller cut to add them. So either there was some creative financing from somewhere OR the Commish assured the Presidents that there were more big bucks to be made in a B1G-SEC-centric National Championship tournament.Guessing Phil Knight pushed a pile of $$$ to the B1G behind the scene to get this happen.
Now… let’s change the conference name to something without a # in it.
Even with reduced shares, this deal is costing individual members money. The fact they did it anyway tells me they are betting on a new national playoff format featuring the B1G vs the SEC which will more than make up the difference.That is still leaves 60-70 mil/yr from existing members if TV monies aren’t renegotiated. Is the BIG betting on the come and willing share the profits for seven years, or are media moguls willing to pony up?
I've seen this scenario play out before on Let's Make a Deal with Monty Hall.Apparently, the Pac-12 had a competitive media rights price point in 2022, but according to John Canzano, the conference’s presidents turned down an ESPN deal at the time. That deal would have paid out $30 million to each member school per year.
The PAC 12 has had a commissioner that I would not trust with a taco stand. They complained for years that no one on the east coast wanted to stay up late and watch games while ignoring the idea of moving to morning games in Seattle and LA. Simple but the solution could not gain traaction with the eggheads in charge and now they are looking at the demise of the Pac 12.REPORT: Dollar figure finally emerges on ‘significant’ ESPN deal Pac-12 rejected
Earlier this week, John Ourand of Sports Business Journal reported that in 2022, Pac-12 presidents rejected what was termed a “significant” offer from ESPN for Pac-12 media rights.
Let’s remember that the Big 12 arrived at a deal — sans Texas and Oklahoma (who will leave next year) — for $31.7 million per school. That was a remarkably good price point considering the two huge brands in the conference were going out the door and would no longer be part of the media landscape in the Big 12.
Apparently, the Pac-12 had a competitive media rights price point in 2022, but according to John Canzano, the conference’s presidents turned down an ESPN deal at the time. That deal would have paid out $30 million to each member school per year.
There's other reasons why ESPN had to layoff so many people. That's a convo for another day though.Yeah- I think it's arguing the notion that the whole of college football is getting swallowed up by the B1G and the SEC... maybe. But as the TV revenue showed, there are only so many schools that bring added value.
I suspect that the SEC and B1G are both spending a lot of time speculating on what their MEGA conference MIGHT be worth in a few years years. Be very careful, look what happened to ESPn - a money juggernaut until it got so big that... suddenly they couldn't afford to be them anymore... to the point that Disney might sell them off.
Again, money = the end of college football as we once loved it.
This is what happens when you get greedy.REPORT: Dollar figure finally emerges on ‘significant’ ESPN deal Pac-12 rejected
Earlier this week, John Ourand of Sports Business Journal reported that in 2022, Pac-12 presidents rejected what was termed a “significant” offer from ESPN for Pac-12 media rights.
Let’s remember that the Big 12 arrived at a deal — sans Texas and Oklahoma (who will leave next year) — for $31.7 million per school. That was a remarkably good price point considering the two huge brands in the conference were going out the door and would no longer be part of the media landscape in the Big 12.
Apparently, the Pac-12 had a competitive media rights price point in 2022, but according to John Canzano, the conference’s presidents turned down an ESPN deal at the time. That deal would have paid out $30 million to each member school per year.