ChiefsPlanet - View Single Post - Other Sports Big 10 Report: Conference Realignment

kstater · 04-13-2011, 02:50 PM

The Big 12 issued a release earlier this afternoon which stated that “commissioner Dan Beebe will be available to the media via teleconference to provide an update on the latest news regarding the Big 12 Conference” at 4 p.m. ET. Based on the word coming from a writer for the Sports Business Journal, at least some of the latest news will involve a sizable new television contract. The SBJ‘s John Ourand sent out a tweet shortly after the release stating that the Big 12 will announce a new multi-year deal with FOX Sports. The SBJ had reported last month that the two sides were putting the finishing touches on what would be a 13-year, $1.17 billion deal for the second-tier rights to football games; apparently, the deal that’s expected to be announced today will be somewhere in the neighborhood of the numbers first reported in March.
The new deal would represent an increase of roughly 350 percent over the previous contract. However, the previous deal was sliced up amongst 12 schools; with the departures of Colorado and Nebraska for other conferences, each member of the conference will get an even larger slice of the new financial pie. Not each member of the conference will get an equal slice, however, as Texas, Oklahoma and Texas A&M will receive a greater share than the other seven schools, a stipulation that resulted from their threat to bolt for the then-Pac-10 in the summer of 2010.
The conference’s first-tier TV rights run through 2016, with ESPN and ABC paying a total of $60 million annually.
That $150 million-per-year total falls well short of conference financial behemoths the Big Ten ($214 million) and SEC ($205 million), but is on par with the $155 million the ACC is expected to bring in with their newly-minted deal. All of the BcS leagues could be looking up to the Pac-12 in the very near future, however, as that conference is expected to sign new deals that would bring in a rumored $222 million annually.
FOX is also believed to be one of the two frontrunners for the Pac-12′s new TV package.
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04-13-2011, 02:50 PM	#7505
kstater Custom User Title Join Date: Jan 2007 Casino cash: $-1553437	The Big 12 issued a release earlier this afternoon which stated that “commissioner Dan Beebe will be available to the media via teleconference to provide an update on the latest news regarding the Big 12 Conference” at 4 p.m. ET. Based on the word coming from a writer for the Sports Business Journal, at least some of the latest news will involve a sizable new television contract. The SBJ‘s John Ourand sent out a tweet shortly after the release stating that the Big 12 will announce a new multi-year deal with FOX Sports. The SBJ had reported last month that the two sides were putting the finishing touches on what would be a 13-year, $1.17 billion deal for the second-tier rights to football games; apparently, the deal that’s expected to be announced today will be somewhere in the neighborhood of the numbers first reported in March. The new deal would represent an increase of roughly 350 percent over the previous contract. However, the previous deal was sliced up amongst 12 schools; with the departures of Colorado and Nebraska for other conferences, each member of the conference will get an even larger slice of the new financial pie. Not each member of the conference will get an equal slice, however, as Texas, Oklahoma and Texas A&M will receive a greater share than the other seven schools, a stipulation that resulted from their threat to bolt for the then-Pac-10 in the summer of 2010. The conference’s first-tier TV rights run through 2016, with ESPN and ABC paying a total of $60 million annually. That $150 million-per-year total falls well short of conference financial behemoths the Big Ten ($214 million) and SEC ($205 million), but is on par with the $155 million the ACC is expected to bring in with their newly-minted deal. All of the BcS leagues could be looking up to the Pac-12 in the very near future, however, as that conference is expected to sign new deals that would bring in a rumored $222 million annually. FOX is also believed to be one of the two frontrunners for the Pac-12′s new TV package. Permalink 0 Comments Latest Stories in: Baylor Bears, Big 12 Conference, Iowa State Cyclones, Kansas Jayhawks, Kansas State Wildcats, Missouri Tigers, Oklahoma Sooners, Oklahoma State Cowboys, Rumor Mill, Texas A and M Aggies, Texas Longhorns, Texas Tech Red Raiders __________________
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