(08-05-2019 05:55 PM)The Cutter of Bish Wrote: Even a broken clock is right twice a day. From where this left off, expansion money was there with an extended deal and GoR. It’s not out there that a network may still be interested in expansion, even a little, but, that was never the core issue. You have to make this group approve unanimously on anything, and you have to make them extend the arrangement.
My question would be, how much longer does the Big XII have to extend the GoR for more money and possible expansion? It was obviously not going to be for the 7-8 years left on the current deal.
it is the 2018-19 fiscal year right now and will be the 2019-20 fiscal year at the end of the month for the Big 12 so that means there will be 6 years left on their deal
the Big 12 will distribute at least $45 million or so in 2024-25 (it will actually be paid in early 2026 though), but only about $26 million of that will come from the deals with Fox and ESPN that means there needs to not only be $26 million per new member paid by the media partners, but an additional $19 million per new member to be paid as well to make and new member "bring" a full payout amount
the current pro rata clauses covered media money only which is why expansion never worked even with new members not taking a full share
because there was no way to ever make up that $19 million dollar per year deficit between media money and the full distribution and there is little to suggest now that any of the available members will bring enough money to cover that deficit even with an extension of the current contract
and with the Big 10 contract expiring in 2022-23 and the PAC 12 expiring in 2023-24 there is little chance the Big 12 wants to expand and extend now when they do not know what the value of the contracts with those conferences will be so that the big 12 can then negotiate from there
there is little reason to believe that even if the Big 12 did want to extend their contract now that the big new additional money to make that happen would be based on adding two teams and the media companies paying on average about $42.5 million per new member to make that possible AND paying the other members of the Big 12 more money to make it happen