(02-21-2013 09:52 PM)ecumbh1999 Wrote: Ah, people........ESPN has matched the $$ amount of the NBC offer, right of first refusal is now over, we still don't have to sign with ESPN, also NBC can now come back and offer more. We could have a bit of a bidding war coming. With that bar so low, and both networks having plenty of money to throw at it, it could go a few rounds and raise the $$$ amount. This isn't over until the contract is finished, reviewed by laywers, voted on, and signed.
I wouldn't be surprised to see NBC offer more if Aresco will wait, but it looks like he is ready to get the deal done and stay with ESPN.
Aresco can't sign the deal, the University Presidents have to aprove it first. One ESPN has only made an offer ($$ amount only) fine print has to worked out, then given to laywers to go over, then to the Presidents. If they aprove, then and only then can Aresco sign a contract.
...iike the 10+ million dollar one they turned down....go past 6'....you have earned digging rights
Yes, but that was stupid, now we'd be stupid not too say no. We know the where the floor is now. Now we can work it up. ESPN has been holding out to keep it low, now their right to first refusal has been used and gone. Now NBC can counter with a higher offer and so on.
It was stupid for university presidents to make decisions based on the wind as it blows during the day. That is what is really, really stupid.
I can say with confidence that I am ignorant to the specifics of the current offer. You may be right in the end, but it will still be miniscule in scale.
Right now, the nBE board is not happy...I would liken it to this....
Sucks for ECU. You guys are really gonna lose on this deal. 6 Million to exit CUSA and then whatever the fees are for entering the Big Least?!?!.......WOW. Not to mention that travel expenses will likely go up a little in the new Big Least.
Not so fast my friend. ECU, 37 million budget, 39 million in revenue, BE has 70 million in exist fees coming it's way. Atleast half of that is coming to the football side 45 million, or 3.75 million per team. Hmmm that 5.75 million already in the bank and we are on track to make another 2 million this year. Then there are possible private donations.
Sucks for ECU. You guys are really gonna lose on this deal. 6 Million to exit CUSA and then whatever the fees are for entering the Big Least?!?!.......WOW. Not to mention that travel expenses will likely go up a little in the new Big Least.
Not so fast my friend. ECU, 37 million budget, 39 million in revenue, BE has 70 million in exist fees coming it's way. Atleast half of that is coming to the football side 45 million, or 3.75 million per team. Hmmm that 5.75 million already in the bank and we are on track to make another 2 million this year. Then there are possible private donations.
That money goes to UC, UCONN and USF.
Exactly
Actually no it doesn't. It goes to the conference to a fund that all the schools can pull from.
(02-21-2013 10:21 PM)MUHERD76 Wrote: Somewhere you will find John Marrinatto kicking it back, eating some spaghetti and meatballs, having a few laughs.
Sucks for ECU. You guys are really gonna lose on this deal. 6 Million to exit CUSA and then whatever the fees are for entering the Big Least?!?!.......WOW. Not to mention that travel expenses will likely go up a little in the new Big Least.
Not so fast my friend. ECU, 37 million budget, 39 million in revenue, BE has 70 million in exist fees coming it's way. Atleast half of that is coming to the football side 45 million, or 3.75 million per team. Hmmm that 5.75 million already in the bank and we are on track to make another 2 million this year. Then there are possible private donations.
That money goes to UC, UCONN and USF.
Wanna bet. We are bailling them out by joining.
I'll take that bet. Technically you aren't even BE members yet. You can bet your ass that the buyout money will go straight to UCONN, Cincy, USF and the c-7. Just like in CUSA....all that buyout money will be split among Marshall, Southern Miss, UAB, Rice, UTEP etc.
(This post was last modified: 02-21-2013 10:23 PM by MUHERD76.)
(02-21-2013 09:26 PM)AirRaid Wrote: Laugh all you want....CUSA contract when renegotiated will be pretty bad as well
You don't know that. Hell, we may end up passing you guys in TV value before its all said and done. Didn't Banowsky say we increased our TV viewership by like 40 percent or something?
(02-21-2013 10:07 PM)ecumbh1999 Wrote: ESPN has been holding out to keep it low, now their right to first refusal has been used and gone. Now NBC can counter with a higher offer and so on.
You keep thinking like that. Just like you all kept thinking 6-8 million dollars was coming your way.
They just keep dreaming and dreaming and dreaming....
They would be smart to take this back to NBC before signing off on the deal. I believe NBC will offer more money. I still think the value of current line-up (based on history, experience, etc.) is about $35 to $40 million annually. Big East is being low balled because of the chaos and the perception Boise left by going back. It wouldn't hurt to take this one more round to see if they could get it up to at least $30 million per year, but seriously they should cap this deal at no longer than four years. Six to seven = too long given the bidding wars that will emerge in a few years.
Sucks for ECU. You guys are really gonna lose on this deal. 6 Million to exit CUSA and then whatever the fees are for entering the Big Least?!?!.......WOW. Not to mention that travel expenses will likely go up a little in the new Big Least.
I don't understand the extra travel portion (it's the same teams for the most part as this year), but the rest is valid. As much as I respect ECU, I have zero pity...they are the attendance leader and can absorb the money. They left, which is okay, but so many of their posters went postal on CUSA. I cannot let that pass w/o throwing it back in their face.
However, their historical hiring at the coaching spot is their biggest problem. If they ever figure that part out, they can be a force. You have to respect ECU football and their love for the other two as well...they have really had some bad luck with coaching.
(02-21-2013 09:26 PM)AirRaid Wrote: Laugh all you want....CUSA contract when renegotiated will be pretty bad as well
You don't know that. Hell, we may end up passing you guys in TV value before its all said and done. Didn't Banowsky say we increased our TV viewership by like 40 percent or something?
CUSA....$1.7Mill per team plus splitting the exit fees will be (Marshall, Southern Miss, UAB, Rice, Tulsa, UTEP) from departing members....
Big LEast....$1.8 Mill per team, paying $6 Mill in exit fees to CUSA and paying an additional $2.5 to enter the Big LEast
You do the math.....
(This post was last modified: 02-21-2013 10:33 PM by MUHERD76.)
(02-21-2013 10:09 PM)MUHERD76 Wrote: Sucks for ECU. You guys are really gonna lose on this deal. 6 Million to exit CUSA and then whatever the fees are for entering the Big Least?!?!.......WOW. Not to mention that travel expenses will likely go up a little in the new Big Least.
Not really. Like I said, we've got options & a little bit of time to re-evaluate. We're not set to play in NBE until 2014.
(This post was last modified: 02-21-2013 10:35 PM by blunderbuss.)
(02-21-2013 10:30 PM)ThreeifbyLightning Wrote: It was asinine not to take the deal last year.
They would be smart to take this back to NBC before signing off on the deal. I believe NBC will offer more money. I still think the value of current line-up (based on history, experience, etc.) is about $35 to $40 million annually. Big East is being low balled because of the chaos and the perception Boise left by going back. It wouldn't hurt to take this one more round to see if they could get it up to at least $30 million per year, but seriously they should cap this deal at no longer than four years. Six to seven = too long given the bidding wars that will emerge in a few years.
TBF, the deal last year would've contained language protecting ESPN in the event of mass defections. That wouldnt be the deal we wouldve walked into.
Sucks for ECU. You guys are really gonna lose on this deal. 6 Million to exit CUSA and then whatever the fees are for entering the Big Least?!?!.......WOW. Not to mention that travel expenses will likely go up a little in the new Big Least.
Not so fast my friend. ECU, 37 million budget, 39 million in revenue, BE has 70 million in exist fees coming it's way. Atleast half of that is coming to the football side 45 million, or 3.75 million per team. Hmmm that 5.75 million already in the bank and we are on track to make another 2 million this year. Then there are possible private donations.
(02-21-2013 10:09 PM)MUHERD76 Wrote: Sucks for ECU. You guys are really gonna lose on this deal. 6 Million to exit CUSA and then whatever the fees are for entering the Big Least?!?!.......WOW. Not to mention that travel expenses will likely go up a little in the new Big Least.
Not so fast my friend. ECU, 37 million budget, 39 million in revenue, BE has 70 million in exist fees coming it's way. Atleast half of that is coming to the football side 45 million, or 3.75 million per team. Hmmm that 5.75 million already in the bank and we are on track to make another 2 million this year. Then there are possible private donations.
That money goes to UC, UCONN and USF.
Wanna bet. We are bailling them out by joining.
You won't see a dime of that exit fee money.
Don't fight it, you are right but won't do any good
(02-21-2013 10:09 PM)MUHERD76 Wrote: Sucks for ECU. You guys are really gonna lose on this deal. 6 Million to exit CUSA and then whatever the fees are for entering the Big Least?!?!.......WOW. Not to mention that travel expenses will likely go up a little in the new Big Least.
Not so fast my friend. ECU, 37 million budget, 39 million in revenue, BE has 70 million in exist fees coming it's way. Atleast half of that is coming to the football side 45 million, or 3.75 million per team. Hmmm that 5.75 million already in the bank and we are on track to make another 2 million this year. Then there are possible private donations.
That money goes to UC, UCONN and USF.
Wanna bet. We are bailling them out by joining.
You won't see a dime of that exit fee money.
From everything I have read....that is correct. That exit fee money will only go to the existing original football members prior to July 31st this year and C-7 members.
(This post was last modified: 02-21-2013 10:38 PM by MUHERD76.)
Quoting from a news story...Aresco seems to be thinking what I'm saying. I just don't believe six years is "short enough." If it were $4 million per school annually perhaps its worth going out to six or seven years but not at $1.8M. Maybe I'm off, but it really looks like that guy is in over his head yet this is supposed to be his strong suit.
Aresco said the conference chose a shorter-term TV deal of six years with the hope of establishing itself and negotiating a more prosperous deal in the coming years.
(This post was last modified: 02-21-2013 10:41 PM by ThreeifbyLightning.)
(02-21-2013 09:26 PM)AirRaid Wrote: Laugh all you want....CUSA contract when renegotiated will be pretty bad as well
You don't know that. Hell, we may end up passing you guys in TV value before its all said and done. Didn't Banowsky say we increased our TV viewership by like 40 percent or something?
CUSA....$1.7Mill per team plus splitting the exit fees will be (Marshall, Southern Miss, UAB, Rice, Tulsa, UTEP) from departing members....
Big LEast....$1.8 Mill per team, paying $6 Mill in exit fees to CUSA and paying an additional $2.5 to enter the Big LEast
You do the math.....
Apparently, that is not a core requirement to be a university president or AD. Or, a poster of a school that didn't listen and observe the goings on over the last 1.5 years.
(02-21-2013 10:07 PM)ecumbh1999 Wrote: ESPN has been holding out to keep it low, now their right to first refusal has been used and gone. Now NBC can counter with a higher offer and so on.
You keep thinking like that. Just like you all kept thinking 6-8 million dollars was coming your way.
They just keep dreaming and dreaming and dreaming....
Really? It's not like I'm pulling this out of thin air.
What happens next is anybody's guess, and will depend on whether one or both sides decide to raise its bid.
But it's at least a semi-healthy sign for the Big East, which in 2011 turned down an ESPN offer to pay at least $130 million annually -- before the conference lost relatively high-profile schools, including Syracuse, Pittsburgh, Louisville and Notre Dame to other conferences.
Now, negotiations continue because, as anybody who has ever sold anything knows, you don't take down your "for sale" sign when there are multiple interested buyers who might bid up the price.
(02-21-2013 09:26 PM)AirRaid Wrote: Laugh all you want....CUSA contract when renegotiated will be pretty bad as well
You don't know that. Hell, we may end up passing you guys in TV value before its all said and done. Didn't Banowsky say we increased our TV viewership by like 40 percent or something?
CUSA....$1.7Mill per team plus splitting the exit fees will be (Marshall, Southern Miss, UAB, Rice, Tulsa, UTEP) from departing members....
Big LEast....$1.8 Mill per team, paying $6 Mill in exit fees to CUSA and paying an additional $2.5 to enter the Big LEast
You do the math.....
Apparently, that is not a core requirement to be a university president or AD. Or, a poster of a school that didn't listen and observe the goings on over the last 1.5 years.
When you consider the exit fees we (Marshall, Southern Miss, UAB, Rice, Tulsa and UTEP) will be collecting on top of the $1.7 Mill we get now from CUSA, we will be clearing more money than any of the new members entering the Big LEast. For how many years, who knows. How many people seen that coming?
(This post was last modified: 02-21-2013 10:57 PM by MUHERD76.)
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