New Big East Rights to be announced later this week?

[Xville]

Ourand confirming that the average annual value for the league is $80 million. I want to see it posted officially.

$7,272,727.27 per school per year.

I'll take it.

Yeah, it’s fine. Nothing glamorous but it keeps the league relevant dollars wise.

[Olsingledigit]

Yeah, it’s fine. Nothing glamorous but it keeps the league relevant dollars wise.

Had hoped for $11 million each but we can live with it.

[bobbiemcgee]

Show us the money!

[xudash]

“New Deal

As announced by the league, those fears have proven to not just be unfounded, but wildly incorrect. FOX will remain the primary stakeholder, while NBC and TNT come along as new partners for the Big East’s TV rights until 2031. And Puck’s John Ourand has now provided clarity on the dollar figure, noting that the contract is worth around $80 million, a 95% increase from the previous contract’s $41 million or so average annual value.”

Some crazy perspective:

“The Big East is a special case, no doubt. The A10 only got around $6 million a year (as a league) for TV rights in 2022, and only was able to increase those rights by 40% when it extended its contract primarily with ESPN in December. Which means each Big East school will basically be worth the entirety of the A10 from a media perspective.”

[paulxu]

Ouch!

[xudash]

Ouch!

Someone should provide that info to the VD guy with the graphs and charts.

Some more food for thought:

“But just like the 2013 reformation proved that there was broadcast interest in a pure basketball league, this 6-year deal shows that though not in the same galaxy as what football is worth, basketball has real, tangible value to media companies.

Reading Ourand’s breakdown of how the deal came about, there was intense interest from multiple partners, and CBS only dropped out when the bidding got too high. For a group that has no football to speak of!

FOX is happy with their baby. NBC continues to make Peacock a need for sports fans. TNT desperately tries to plug the holes from losing the NBA.

The AAC, with its football component, is only getting $83M a year from ESPN through 2032, and that was with Houston and Cincy in the fold. On a per team basis, the Big East will be making more money just for basketball, than the 5th or 6th best FBS conference.”

Any way you look at it, we - Xavier and the BE - have six more years after this one to fortify the brand castle. And being tied to the B1G by virtue of “sharing” the Fox and NBC/Peacock platforms brings more good than bad. IF some form of higher breakaway takes place in D1A sports, we’ll be better positioned to join it on a competitive basis.

[xudash]

https://painttouches.com/2024/07/01/...-fox-espn-sec/

Read every word of that. You'll smile.

One caveat: in no way are Butler and DePaul worth more than Duke or UNC from a media point of view, but it still goes to show that Val and company did a good job and and it amplifies the fact that the ACC is under a great deal of stress due to its media deal.

[xukeith]

Someone should provide that info to the VD guy with the graphs and charts.

Some more food for thought:

“But just like the 2013 reformation proved that there was broadcast interest in a pure basketball league, this 6-year deal shows that though not in the same galaxy as what football is worth, basketball has real, tangible value to media companies.

Reading Ourand’s breakdown of how the deal came about, there was intense interest from multiple partners, and CBS only dropped out when the bidding got too high. For a group that has no football to speak of!

FOX is happy with their baby. NBC continues to make Peacock a need for sports fans. TNT desperately tries to plug the holes from losing the NBA.

The AAC, with its football component, is only getting $83M a year from ESPN through 2032, and that was with Houston and Cincy in the fold. On a per team basis, the Big East will be making more money just for basketball, than the 5th or 6th best FBS conference.”

Any way you look at it, we - Xavier and the BE - have six more years after this one to fortify the brand castle. And being tied to the B1G by virtue of “sharing” the Fox and NBC/Peacock platforms brings more good than bad. IF some form of higher breakaway takes place in D1A sports, we’ll be better positioned to join it on a competitive basis.

X alone will make more than entire CUSA, A10, MVC in basketball media rights?
So with all the new conferences, does X now stand in a top 5 league and at least for the next 6 years bank on approx. $7-$8 million each year for all sports?
How does Memphis compare?
Or Gonzaga?

[xudash]

X alone will make more than entire CUSA, A10, MVC in basketball media rights?
So with all the new conferences, does X now stand in a top 5 league and at least for the next 6 years bank on approx. $7-$8 million each year for all sports?
How does Memphis compare?
Or Gonzaga?

Yes to the first question.
Top 3 based on this measure, and the methodology appears reasonable.
Six years after this one to 2031 - the 200th anniversary of Xavier and the first graduating class of the new medical school.
Don’t have numbers on Memphis or the Zags on their media deals.

[paulxu]

https://painttouches.com/2024/07/01/...-fox-espn-sec/

Read every word of that. You'll smile.

One caveat: in no way are Butler and DePaul worth more than Duke or UNC from a media point of view, but it still goes to show that Val and company did a good job and and it amplifies the fact that the ACC is under a great deal of stress due to its media deal.

Does this mean Val did a good job? There were a lot of negatives floating around about her a short while ago.