The Star Telegram
July 20. 2016
By Jimmy Burch
EXCERPT:
Bottom line: For easy math purposes, let’s say the two TV partners are required to pay a combined $25 million per season for each Big 12 addition during the life of this contract. But four new schools agree to phase-in deals capped at $10 million for the 2017-18 school year. Suddenly, there is a $15 million differential between TV money received and revenues disbursed for each of the four schools, accounting for an extra $60 million to split between the 10 existing members ($6 million each) in 2017-18.
It became clear the Big 12 is angling in this direction when Bowlsby cited “a negotiation stage” as a likely step in the vetting process for newcomers and followed up by suggesting there is no concern on the part of Big 12 officials in regard to upsetting existing TV partners in regard to future renegotiations by going down this path.
“It’s a mutually binding contract that we put in place 4 1/2 ago. So I don’t think we have to make apologies for activating around stipulations that we both agreed to,” Bowlsby said.
Nor should they. But why do it now, a month after downplaying expansion talk at the league’s spring meetings?
Because earlier this week, the ACC agreed in principle with ESPN on a 20-year deal for a conference network that included a rights extension from member schools through the 2035-36 school year.
LINK to continue:
http://www.star-telegram.com/sports/college/big-12/article90864777.html
July 20. 2016
By Jimmy Burch
EXCERPT:
Bottom line: For easy math purposes, let’s say the two TV partners are required to pay a combined $25 million per season for each Big 12 addition during the life of this contract. But four new schools agree to phase-in deals capped at $10 million for the 2017-18 school year. Suddenly, there is a $15 million differential between TV money received and revenues disbursed for each of the four schools, accounting for an extra $60 million to split between the 10 existing members ($6 million each) in 2017-18.
It became clear the Big 12 is angling in this direction when Bowlsby cited “a negotiation stage” as a likely step in the vetting process for newcomers and followed up by suggesting there is no concern on the part of Big 12 officials in regard to upsetting existing TV partners in regard to future renegotiations by going down this path.
“It’s a mutually binding contract that we put in place 4 1/2 ago. So I don’t think we have to make apologies for activating around stipulations that we both agreed to,” Bowlsby said.
Nor should they. But why do it now, a month after downplaying expansion talk at the league’s spring meetings?
Because earlier this week, the ACC agreed in principle with ESPN on a 20-year deal for a conference network that included a rights extension from member schools through the 2035-36 school year.
LINK to continue:
http://www.star-telegram.com/sports/college/big-12/article90864777.html
