(07-26-2020 08:38 AM)orangefan Wrote: https://www.sportsbusinessdaily.com/Dail...-East.aspx
This contemporaneous (May 26, 2011) article says the 2011 deal was worth only $11 million per year. My guess is that the discrepancy is due McMurphy forgetting the fact that TCU had been added to the Big East and a 10th member was anticipated to be invited (with ESPN supposedly encouraging it to be UCF). 8 x $14m = $112m. $112m / 10 = $11.2m.
I don't think the rejected deal was especially close to being finalized. That's probably why there were different numbers floating around for the value of the deal.
Quote:In 2011 the recently deals signed by the SEC and ACC were valued at $17m/school/year and $12.9m/school/year, respectively. I'm sure ESPN argued that the $11m was in line with these numbers given the relative value of the conferences.
Right, terms like "ACC-type money" were thrown around. Did that mean that Syracuse would get the same money as North Carolina, or that the annual value of the contract was the same?
Quote:However, on May 5, 2011, the Pac 12 had reached terms with ESPN and FOX on a new TV deal that would pay its members over $20m per year AND which left enough game inventory with the conference to create a conference TV network.
Yes, the legend has it that the initial vote on the ESPN contract draft was 12-4 to continue negotiating with that draft as a basis. Then, after the PAC-12 deal was announced, it was 16-0 to tell ESPN to scrap that deal and start over.
Quote:The SEC and ACC contracts were therefore already well under market, a fact that caused both promptly to begin exploring expansion.
Not sure about that--the process had already kicked into high gear when the Big Ten took Nebraska. The Big 12 was destabilized, which led to the PAC-16 scheme; which had a lot of people convinced that 4x16 was the inevitable endgame of the process, and everything else was about making sure you got your preferred picks for #13-16, or making sure you were one of the 4.
Quote: The Big East may have been gambling that by waiting, it could capitalize on the market shift demonstrated by the Pac 12 contract. Members voting against the contract may also have been gambling that they could benefit from realignment opportunities created by the market shift.
The league as a whole definitely felt that the April ESPN offer undervalued the league, and their school.
(07-27-2020 07:55 AM)orangefan Wrote: (07-26-2020 03:56 PM)Wedge Wrote: [quote='orangefan' pid='16918009' dateline='1595770711']
Members voting against the contract may also have been gambling that they could benefit from realignment opportunities created by the market shift.
It wasn't a gamble, and the "realignment opportunities" existed because of the shuffling that started with Nebraska joining the Big Ten.
The ESPN offer was rejected by Big East presidents in May 2011. By August 2011, the Big 12 knew Texas A&M was leaving and they were talking about Pitt and other possible replacements. In September, the ACC invited Pitt and Syracuse to join. In October, the Big 12 invited WVU to join.
Were Pitt, Syracuse, WVU, and maybe others talking to those conferences even before the ESPN offer was declined? Maybe so.
Quote: Quo Vadis Said: Another factor at play was the posture of the hoops only schools. One look at the 2011 proposal would show that the great bulk of the new money would go to the football schools. In the expiring deal, football schools were getting about $3.2 million and the hoops schools were getting about $1.3 million. But in the 2011 proposal, football schools would go up to around $12 million, whereas hoops schools would increase to only $2.4 million.
As it turned out, when the C7 later left, they signed for over $3m a year, so they were worth more on their own than as part of the hybrid model.
I don't know that the football-basketball split had been established. I don't know how serious or tongue-in-cheek it was, but one of the C7 ADs (Providence?) suggested that since the league started as a basketball league, it should be 70-30 in favor of basketball. (I've always interpreted that as his way of saying "take your 70-30 and stick it where the sun don't shine")
(07-27-2020 10:59 AM)CliftonAve Wrote: In the BCS era, the AQ tag was not measured by fan bases, brand strength or results from decades before. It was measured by on the field results from several years back to that date. Only WVU was a sting based on recent results. That is why the BCS was blown up, because by metrics along the newly configured BE still met the metrics to be an AQ.
On paper, yes. In reality, no matter what the metrics said, the Mountain West was never getting recognized as an "AQ conference." And after losing Pitt and Syracuse, neither was the Big East.
(07-27-2020 01:56 PM)Fighting Muskie Wrote: I’m no lawyer but isn’t it somewhat dubious for ESPN to be talking to a school or schools in one conference that they own rights to about a deal to move them to another conference that they also own rights to?
It’s like having the same law firm serve as counsel for two opposing parties.
Yes, it is. ESPN tried pretty hard to never be caught quite exactly specifically doing that, for that reason. They could talk about hypothetical valuations of a league if they added School A and B or A and C. Hypothetically.