(06-01-2019 04:31 AM)ColKurtz Wrote: (06-01-2019 03:31 AM)templefootballfan Wrote: Tier 3 rights bring B 12 up to SEC payments
Outside of Austin and Norman, they really don't. The other schools roll their T3 rights into the radio/multimedia contracts run by IMG, Learfield, etc. Every school has these MM contracts, so if you're going to tack T3 on to overall revenue for B12 schools, you need to do it for everyone else for an apples-to-apples comparison. The T3 games are pretty marginal parts of those MM contracts. VT and WVU, for example, both have contracts with IMG covering pretty much the same things. VT earns around $7M per year from its contract, vs $6M for WVU despite the latter having the T3 games rolled in.
The bigger issue that comes from these numbers is the pending ACC Network closing the gap between the ACC and the B12. How is Oklahoma going to feel next year if Wake Forest's TV revenue is in the same ballpark (or possibly exceeds) the Sooners? Seems to me OK either hikes up her skirt to the B10/SEC, or forces Texas to drop the LHN in favor of a B12 linear network.
this is actually incorrect
all the members of the Big 12 had contracts with Learfield or IMG that were in existence before tier 3 rights were available
when the tier 3 rights were available Learfield or IMG marketed those rights, but they were marketed in ADDITION to the already existing contracts with one exception and that was WVU because it happened that WVU had their existing contract expiring at the same time as they joined the Big 12 and got their 3rd tier rights
WVU gets $80 million for 12 years or $6.67 million per year
and according to this database from 2017 VT earns $5,840,000
https://www.bizjournals.com/portland/new...orate.html
so unless VT renewed in the last two years for a very small increase WVU is earning more....but I doubt VT has renewed recently since that database has the expiration with IMG in 6/20/2024
the above database has WVU at $6.2 million with a sharing threshold of $8.35 expiring 6/30/2025
VT can earn 50% of the revenues or take the guarantee
Jon Wilner has estimated that most Big 12 teams earn about $1.5 million for their third tier rights and has used that in a couple of articles he has written on the subject of conference revenue comparisons
and again for all but WVU those rights were sold after the other deals were in place and in addition to those existing deals