(11-22-2013 01:40 AM)nzmorange Wrote:  

(11-19-2013 10:23 AM)quo vadis Wrote:  In discussing the AAC media deals and comparing them to the FOX deal with the Big East, we often hear posters say something along the lines of "It's not fair to compare the AAC deal with the FOX deal, because FOX overpaid for the Big East". And when pressed to explain how FOX overpaid, the reply typically is something like "well, FOX badly wanted the C7 hoops to kick off their network, and the C7 schools couldn't split unless they got extra compensation to make up for exit fees, tournament credits, and other 'war chest' disbursements they would forfeit if they split."

Sadly, this type of argument seems to be convincing, the typical reader seems to buy this argument. But, it is not correct. FOX no more "overpaid" for the Big East contract than ESPN "overpaid" for the SEC, or the AAC for that matter. If you think otherwise, here's an analogy that should clarify it for you:

If I was selling a house and you really needed a house but thought mine was worth at most $200k and offered me that amount, but I said to you "I can't sell it for $200k, it won't be worth my while to sell it for less than $300k, because I need that much to pay off credit card debt and some back taxes I owe", would you buy it for $300k, pay $100k more than you think it is worth, to help me out with my credit debt and back taxes?

Of course not, the credit debt and back taxes are my problem not yours, and don't make the house any more valuable to you. You would only pay me $300k if the house was indeed worth that much to you, and you would in no sense be "overpaying" if you did so, you'd just be paying what you felt it was worth, like any other ordinary payment.

OK, so please, no more talk about FOX "overpaying" for the Big East. They paid what they thought it was worth to them, just like any other media company and any other media contract with any other conference.

You're right. Fair market value (FMV) is what buyers are willing to pay. Fox was willing to buy BIG EAST content for the price that they paid (obviously), therefore they paid FMV, as opposed to overpaying.

That said, FOX may have over-valued the BIG EAST. That remains to be seen.

Exactly.

(11-22-2013 06:19 AM)quo vadis Wrote:  Clever how you go the F-bomb past the security defenses.

I have skillz

The thing is...I see Fox lowering the payouts once the renegotiation happens...It'll go back to Market value which is around 1.5 Million and still be higher than most BBall only conferences. Initially it was under the grand scheme to separate the Basketball and Football schools from the Big East.

You are aware that the "market" for Big East basketball, signed in 2003, was $2 million per year?

(11-22-2013 03:19 PM)adcorbett Wrote:  You are aware that the "market" for Big East basketball, signed in 2003, was $2 million per year?

That Big East is dead.

(11-22-2013 03:58 PM)Attackcoog Wrote:  

(11-22-2013 03:19 PM)adcorbett Wrote:  You are aware that the "market" for Big East basketball, signed in 2003, was $2 million per year?

That Big East is dead.

Lol Agreed with Attack Coog. You added X, Butler and Creighton lol...That's not worth more than 2.

(11-22-2013 03:06 PM)chrisiskingx Wrote:  The thing is...I see Fox lowering the payouts once the renegotiation happens...It'll go back to Market value which is around 1.5 Million and still be higher than most BBall only conferences. Initially it was under the grand scheme to separate the Basketball and Football schools from the Big East.

Thank you very much, ms. Claire Voyant.

(11-22-2013 06:25 PM)chrisiskingx Wrote:  

(11-22-2013 03:58 PM)Attackcoog Wrote:  

(11-22-2013 03:19 PM)adcorbett Wrote:  You are aware that the "market" for Big East basketball, signed in 2003, was $2 million per year?

That Big East is dead.

Lol Agreed with Attack Coog. You added X, Butler and Creighton lol...That's not worth more than 2.

Actually in the real world, it is. It's worth 5.

(11-22-2013 06:32 PM)Melky Cabrera Wrote:  

(11-22-2013 06:25 PM)chrisiskingx Wrote:  

(11-22-2013 03:58 PM)Attackcoog Wrote:  

(11-22-2013 03:19 PM)adcorbett Wrote:  You are aware that the "market" for Big East basketball, signed in 2003, was $2 million per year?

That Big East is dead.

Lol Agreed with Attack Coog. You added X, Butler and Creighton lol...That's not worth more than 2.

Actually in the real world, it is. It's worth 5.

oh my, AttackCoog we got a genius on this board...


I said during the renegotiation, they'll see that they overpaid for the Big East, and since Fox was the only ones fighting for their rights, I see them lowering it the next time they can renegotiate...They will because of the loss they're taking from FS1's disaster.

(11-22-2013 07:05 PM)chrisiskingx Wrote:  

(11-22-2013 06:32 PM)Melky Cabrera Wrote:  

(11-22-2013 06:25 PM)chrisiskingx Wrote:  

(11-22-2013 03:58 PM)Attackcoog Wrote:  

(11-22-2013 03:19 PM)adcorbett Wrote:  You are aware that the "market" for Big East basketball, signed in 2003, was $2 million per year?

That Big East is dead.

Lol Agreed with Attack Coog. You added X, Butler and Creighton lol...That's not worth more than 2.

Actually in the real world, it is. It's worth 5.

oh my, AttackCoog we got a genius on this board...

I said during the renegotiation, they'll see that they overpaid for the Big East,

That's your personal subjective opinion, which along with $1 can buy a pack of goodnplenty at Walmart.

(11-22-2013 07:27 PM)quo vadis Wrote:  

(11-22-2013 07:05 PM)chrisiskingx Wrote:  

(11-22-2013 06:32 PM)Melky Cabrera Wrote:  

(11-22-2013 06:25 PM)chrisiskingx Wrote:  

(11-22-2013 03:58 PM)Attackcoog Wrote:  That Big East is dead.

Lol Agreed with Attack Coog. You added X, Butler and Creighton lol...That's not worth more than 2.

Actually in the real world, it is. It's worth 5.

oh my, AttackCoog we got a genius on this board...

I said during the renegotiation, they'll see that they overpaid for the Big East,

That's your personal subjective opinion, which along with $1 can buy a pack of goodnplenty at Walmart.

Along with that steal of a deal of 1 dollar of a GoodnPlenty's I'll be sure to buy one of them in your honor while I watch the I-4 game :)...It'll be more delicious when the final score appears (although I prefer Zours)

(11-22-2013 07:42 PM)chrisiskingx Wrote:  

(11-22-2013 07:27 PM)quo vadis Wrote:  

(11-22-2013 07:05 PM)chrisiskingx Wrote:  

(11-22-2013 06:32 PM)Melky Cabrera Wrote:  

(11-22-2013 06:25 PM)chrisiskingx Wrote:  Lol Agreed with Attack Coog. You added X, Butler and Creighton lol...That's not worth more than 2.

Actually in the real world, it is. It's worth 5.

oh my, AttackCoog we got a genius on this board...

I said during the renegotiation, they'll see that they overpaid for the Big East,

That's your personal subjective opinion, which along with $1 can buy a pack of goodnplenty at Walmart.

Along with that steal of a deal of 1 dollar of a GoodnPlenty's I'll be sure to buy one of them in your honor while I watch the I-4 game :)...It'll be more delicious when the final score appears (although I prefer Zours)

Can't wait for the Bulls to roll our bus right up I-4 and into that erector set stadium and smash your BCS dreams. Drooling at the prospect.

Til then my friend....Til then!

(11-22-2013 10:09 PM)quo vadis Wrote:  

(11-22-2013 07:42 PM)chrisiskingx Wrote:  

(11-22-2013 07:27 PM)quo vadis Wrote:  

(11-22-2013 07:05 PM)chrisiskingx Wrote:  

(11-22-2013 06:32 PM)Melky Cabrera Wrote:  Actually in the real world, it is. It's worth 5.

oh my, AttackCoog we got a genius on this board...

I said during the renegotiation, they'll see that they overpaid for the Big East,

That's your personal subjective opinion, which along with $1 can buy a pack of goodnplenty at Walmart.

Along with that steal of a deal of 1 dollar of a GoodnPlenty's I'll be sure to buy one of them in your honor while I watch the I-4 game :)...It'll be more delicious when the final score appears (although I prefer Zours)

Can't wait for the Bulls to roll our bus right up I-4 and into that erector set stadium and smash your BCS dreams. Drooling at the prospect.

That's not drool, I think they call that a nocturnal emission because you must be dreaming.

(11-22-2013 07:05 PM)chrisiskingx Wrote:  

(11-22-2013 06:32 PM)Melky Cabrera Wrote:  

(11-22-2013 06:25 PM)chrisiskingx Wrote:  

(11-22-2013 03:58 PM)Attackcoog Wrote:  

(11-22-2013 03:19 PM)adcorbett Wrote:  You are aware that the "market" for Big East basketball, signed in 2003, was $2 million per year?

That Big East is dead.

Lol Agreed with Attack Coog. You added X, Butler and Creighton lol...That's not worth more than 2.

Actually in the real world, it is. It's worth 5.

oh my, AttackCoog we got a genius on this board...


I said during the renegotiation, they'll see that they overpaid for the Big East, and since Fox was the only ones fighting for their rights, I see them lowering it the next time they can renegotiate...They will because of the loss they're taking from FS1's disaster.

The fact that you said it back during the negotiation simply means that you refuse to face reality and are clinging to you preconceived notion, which has already been proven wrong.

Calling FS1 a disaster less than 4 months into their broadcast history is absurd. No one expects return on investment in their first 4 months. That's why it's called an investment. Come back after 4 years, not 4 months.

(11-19-2013 11:02 AM)oldtiger Wrote:  

(11-19-2013 10:48 AM)bearcatlawjd Wrote:  Here is what happened in simple terms. The C7 were going to make a certain dollar amount in the Big East when you combined the TV deal with the exit fees and tournament credits. The C7 were not happy with direction of realignment and Fox approached them about leaving and their need for basketball content. E

Fox's TV deal had to pay those schools enough money to the point where the TV deal was close to being on par with the exit fees they gave up, the NCAA tournament credits earned by departing members, and the TV deal. Fox's wasn't just paying for that leagues media's rights they were paying for that league to breakaway and startup a new conference. No other situation in conference realignment looks anything close to what happened with the American and the Big East.

Aresco on the other hand had to get a TV deal signed once this situation presented itself. There was a very good chance Fox's wasn't going offer the C7 the same amount of money if they didn't breakaway last spring. With those facts, Aresco was able secure the realignment fund and a TV deal with good exposure that was short on cash. They probably could have received more money on the TV deal if they dragged things out but that would have risked the realignment fund and created a messy season this fall and winter. At the end of the day our new member probably got the worst of it but you can't argue that UC, USF, UConn and the C7 maximized the best out of bad situation. Our new members still probably are better off because of the breakaway happening this season but that can be argued.

Wow, calm and rational comments devoid of emotional reaction regarding our and the C7 TV deals are rare.

Congrats and thanks.

DITTO