The economy has an impact. I hope that it doesn't go down further, but then again I didn't think housing prices could get worse (which has a high correlation with economic strength or weakness) and they dipped even further over the past few months. (This concern has little to do with TV sports rights. Instead, I'd like the economy to perform well so that I'd have a job, not have insolvent federal and state governments and/or not pay insane taxes in order to keep them solvent.)
That being said, the bigger question for the Big East (and any other conference) is who's going to be bidding and how many bidders are there. I think it was a good idea for the BE to wait to take its contract to the open market, but the main risk that needs to be acknowledged is that it doesn't appear that Fox is interested in the Big East. Here's a quote from the Fox Sports president from the SBD article posted:
Quote:“The competition in college is virtually over,” Freer said. “It’s going to be five or six years before another collegiate conference of significance comes to the open market with rights for football.”
Seeing that the Big East's rights are up next year (not 5 or 6 years from now), that doesn't sound like someone that's going to bid on the BE. Turner, who I think is the most attractive non-ESPN partner if you can get a deal in place, always makes faint rumblings about regular season college sports but didn't seriously look at any of the ACC, Big 12 and Pac-12 rights, which indicates that they aren't serious about it (or at least aren't going to pay a lot for them). That means the BE is depending upon Comcast alone to come in and bid up the rights over ESPN. That may very well happen, but Comcast, even with its latest deals with the Olympics and NHL which look large in total dollars, is fairly budget-conscious, as they're actually paying flat or less for the next 4 Olympics compared to the current deal on an inflation-adjusted basis and the new NHL deal isn't any more than the pre-lockout ESPN deal adjusted for inflation, either. In contrast, the new Pac-12 and Big 12 deals paid by ESPN and Fox were increases that were way ahead of inflation.
Once again, I think it was still the best decision for the BE to wait, but we'd be remiss to believe that it's completely risk-free because without Fox as a player, there's one less potential bidder involved.