New Big East Rights to be announced later this week?

[94GRAD]

https://www.sportsbusinessjournal.com/Articles/2024/06/24/big-east-fox-nbc-tnt-sports-media-rights-deal

[xu82]

My first question when I see NBC is….how much of that is Peacock. I know, it’s just a few clicks away and how lazy have we become? But if I want to flip around at commercials or halftime this makes it more difficult. First world problems. Dan Patrick is a one day delay, which makes it worthless on a Monday morning after a weekend of sports. I can’t say I’ve loved my experience so far. Am I missing something? Do I need to pay more or something?

Bottom line, it will be what we all adapt to.

This is the future and I understand that. I hope it’s lucrative and gives the BE a solid launch forward.

[Olsingledigit]

My first question when I see NBC is….how much of that is Peacock. I know, it’s just a few clicks away and how lazy have we become? But if I want to flip around at commercials or halftime this makes it more difficult. First world problems. Dan Patrick is a one day delay, which makes it worthless on a Monday morning after a weekend of sports. I can’t say I’ve loved my experience so far. Am I missing something? Do I need to pay more or something?

Bottom line, it will be what we all adapt to.

This is the future and I understand that. I hope it’s lucrative and gives the BE a solid launch forward.

Peacock with subscription which I have carries Dan Patrick live every day. Not sure what you are doing.

[xu82]

Peacock with subscription which I have carries Dan Patrick live every day. Not sure what you are doing.

Interesting, thanks. I noticed today there are at least a couple different levels of subscription, like $5.99/mo and $11 per month. I’ll pay something monthly just to get DP, and it looks like I’ll be forced to go there for some NFL and Xavier hoops.

We have the app and I click on my wiwfe’s icon to sign in. I assumed we were paying something, and that that would be enough.

[94GRAD]

Interesting, thanks. I noticed today there are at least a couple different levels of subscription, like $5.99/mo and $11 per month. I’ll pay something monthly just to get DP, and it looks like I’ll be forced to go there for some NFL and Xavier hoops.

We have the app and I click on my wiwfe’s icon to sign in. I assumed we were paying something, and that that would be enough.

I believe the levels are for ads and ad-free. But I could be wrong.

[Xville]

well, here it is:

https://www.msn.com/en-us/sports/other/big-east-signs-six-year-tv-deal-with-fox-nbc-tnt/ar-BB1p0KOL?ocid=BingNewsSerp

https://sports.yahoo.com/big-east-renews-fox-lines-151115128.html#:~:text=The%20Big%20East%20Conferen ce%20has%20inked%20a%20new,the%202025-26%20academic%20year%20and%20run%20through%202031-32.

To me, the most important element is the dollar amount and I haven't found that anywhere.

Edit: Reports are out that it's in the 75-80 per year range. So somewhere between 450-500 mil....Double the per year as the last contract. almost 7 mil per school. A good number, not a great number imo.

One thing pointed out and I think will be the case within the next five years...Youtube tv, Hulu all the "basic streaming" channels will probably just have things like Peacock, netflix, espn + , disney + etc all in their menu.

[GoMuskies]

Did I miss the part where it said how much money we'll get?

[Xville]

Did I miss the part where it said how much money we'll get?

if the 80 mil number is correct, that's about 7.27 mil a year per school. A good number, not a great one.

[xudash]

if the 80 mil number is correct, that's about 7.27 mil a year per school. A good number, not a great one.

From a Marquette poster on HLOH:

Sportico reports that "the conference nearly doubling its annual rights payments at a range of $75 million to $80 million per year." That would come out to $6.8 to $7.3 million over the duration of the deal. I would guess that it starts at $6.8 million (2026) and concludes with $7.3 million (2032).

If we continue to operate that the basketball value of a TV deal is valued at 20% of its total, ~$7 million per member per year puts us firmly in the same range as the Big 12 and ACC; however, the Big 12 has their current TV deal end in 2031, where the ACC runs through 2036. I would expect the Big Ten, SEC and Big 12 to all attempt to poach ACC schools (assuming FSU and Clemson are gone in the next 12 months) in 2030.

I would predict, given that there aren't infinite spots in each of those conferences, that - after the B1G and SEC gobble up what they want - the Big 12 will have its pick of several valuable (to them) properties that remain. I only share that because its quite possible UConn is not pulled in by the Big 12, because it has the opportunity for other properties (namely, Louisville, Miami, Pittsburgh, etc.). It's also possible that schools like Syracuse and Boston College are left behind, which puts them in the exact same position UConn was in previously.

https://www.sportico.com/business/media/2024/big-east-media-rights-deal-fox-sports-nbc-tnt-1234785885/

Based on raw numbers (i.e. $7-8mm), I'm a little disappointed. I really had my hopes up, given some of the speculation about where we could end up with this. However, this is actually good news when you look at it in terms of the Big East achieving economic (media rights) parity with the ACC and Big 12 as they presently exist.

Either way, if these are the numbers to be, then Victory Parkway gets an additional $3 million pumped into it annually to help deal with the new and ever changing environment. The Big East should survive all of this well, even with what is going on in the so called summer meetings.

We'll see.

[xudash]

https://www.sportsbusinessjournal.com/Articles/2024/06/25/big-east-media-deal-analysis

[drudy23]

Does this mean we need more channels/services to watch?

[noteggs]

If I’m reading things correctly, you may need Peacock this year to watch a few games including early BET games? Starting 25-26 you may need Max to catch a few?

[xu82]

Ahhh, we get to play Pop A Mole to find our basketball team! What a treat!

[Mel Cooley XU'81]

Does this mean we need more channels/services to watch?
Joe and Byron is the backup plan.

Easy.

[MHettel]

Joe and Byron is the backup plan.

Easy.

So, radio?

That’s the plan?

[bjf123]

So, radio?

That’s the plan?

At least you don’t have to pay for a service to hear them!


Sent from my iPhone using Tapatalk

[Mel Cooley XU'81]

So, radio?

That’s the plan?

Radio is my plan when they stream on something I don't have.

No new channels, no new services for me.

Radio. Love those guys and learn from them, too.

Easy.

[Mel Cooley XU'81]

Hell, I synch Joe and Byron to begin with!

[MHettel]

Radio is my plan when they stream on something I don't have.

No new channels, no new services for me.

Radio. Love those guys and learn from them, too.

Easy.

I love radio too! Don’t get me wrong.

Aside from the 2 second delay between what I see and what I hear!

Or, forget that pesky sense of vision! Just listen to it only! Like 1942, and you can get periodic updates on what the fuck Annie has been up to!

Bottom line.

The more obscure we get in terms of availability, the more irrelevant we become.

Nobody will just stumble into a great BE game on a Saturday. I’m not going to Peacock to see what the hell is on.

The flexibility of cable TV with remote in hand is not being taken into consideration. Die hard fans of BE teams will find the games and watch them. Die hard BE fans will too. And die hard bball fans will do the research.

But casual fans? The ones that buy the products that pay the networks that pay the conference that pay us? They are not going to tune in.

The PAC 12 imploded because their the inability to get a rights deal that kept them on mainstream media.

Think about this. How many games were on Fox or FS1 over the last few years for the Big East? How many? 2/3rds? 3/4s?

Well for every game that’s NOT on mainstream TV tomorrow just opens up another 2 hour time slot for a different game.

Not loving this deal. Is the money good? Sure! Or maybe. Is the availability of the games sufficient? Yeah, if you look for them. Will the eyeballs be there to pay the bills?

[xudash]

Ourand confirming that the average annual value for the league is $80 million. I want to see it posted officially.

$7,272,727.27 per school per year.

I'll take it.

[Xville]

Ourand confirming that the average annual value for the league is $80 million. I want to see it posted officially.

$7,272,727.27 per school per year.

I'll take it.

Yeah, it’s fine. Nothing glamorous but it keeps the league relevant dollars wise.

[Olsingledigit]

Yeah, it’s fine. Nothing glamorous but it keeps the league relevant dollars wise.

Had hoped for $11 million each but we can live with it.

[bobbiemcgee]

Show us the money!

[xudash]

“New Deal

As announced by the league, those fears have proven to not just be unfounded, but wildly incorrect. FOX will remain the primary stakeholder, while NBC and TNT come along as new partners for the Big East’s TV rights until 2031. And Puck’s John Ourand has now provided clarity on the dollar figure, noting that the contract is worth around $80 million, a 95% increase from the previous contract’s $41 million or so average annual value.”

Some crazy perspective:

“The Big East is a special case, no doubt. The A10 only got around $6 million a year (as a league) for TV rights in 2022, and only was able to increase those rights by 40% when it extended its contract primarily with ESPN in December. Which means each Big East school will basically be worth the entirety of the A10 from a media perspective.”

[paulxu]

Ouch!

[xudash]

Ouch!

Someone should provide that info to the VD guy with the graphs and charts.

Some more food for thought:

“But just like the 2013 reformation proved that there was broadcast interest in a pure basketball league, this 6-year deal shows that though not in the same galaxy as what football is worth, basketball has real, tangible value to media companies.

Reading Ourand’s breakdown of how the deal came about, there was intense interest from multiple partners, and CBS only dropped out when the bidding got too high. For a group that has no football to speak of!

FOX is happy with their baby. NBC continues to make Peacock a need for sports fans. TNT desperately tries to plug the holes from losing the NBA.

The AAC, with its football component, is only getting $83M a year from ESPN through 2032, and that was with Houston and Cincy in the fold. On a per team basis, the Big East will be making more money just for basketball, than the 5th or 6th best FBS conference.”

Any way you look at it, we - Xavier and the BE - have six more years after this one to fortify the brand castle. And being tied to the B1G by virtue of “sharing” the Fox and NBC/Peacock platforms brings more good than bad. IF some form of higher breakaway takes place in D1A sports, we’ll be better positioned to join it on a competitive basis.

[xudash]

https://painttouches.com/2024/07/01/how-does-the-the-big-east-tv-contract-compare-to-other-power-conferences-fox-espn-sec/

Read every word of that. You'll smile.

One caveat: in no way are Butler and DePaul worth more than Duke or UNC from a media point of view, but it still goes to show that Val and company did a good job and and it amplifies the fact that the ACC is under a great deal of stress due to its media deal.

[xukeith]

Someone should provide that info to the VD guy with the graphs and charts.

Some more food for thought:

“But just like the 2013 reformation proved that there was broadcast interest in a pure basketball league, this 6-year deal shows that though not in the same galaxy as what football is worth, basketball has real, tangible value to media companies.

Reading Ourand’s breakdown of how the deal came about, there was intense interest from multiple partners, and CBS only dropped out when the bidding got too high. For a group that has no football to speak of!

FOX is happy with their baby. NBC continues to make Peacock a need for sports fans. TNT desperately tries to plug the holes from losing the NBA.

The AAC, with its football component, is only getting $83M a year from ESPN through 2032, and that was with Houston and Cincy in the fold. On a per team basis, the Big East will be making more money just for basketball, than the 5th or 6th best FBS conference.”

Any way you look at it, we - Xavier and the BE - have six more years after this one to fortify the brand castle. And being tied to the B1G by virtue of “sharing” the Fox and NBC/Peacock platforms brings more good than bad. IF some form of higher breakaway takes place in D1A sports, we’ll be better positioned to join it on a competitive basis.

X alone will make more than entire CUSA, A10, MVC in basketball media rights?
So with all the new conferences, does X now stand in a top 5 league and at least for the next 6 years bank on approx. $7-$8 million each year for all sports?
How does Memphis compare?
Or Gonzaga?

[xudash]

X alone will make more than entire CUSA, A10, MVC in basketball media rights?
So with all the new conferences, does X now stand in a top 5 league and at least for the next 6 years bank on approx. $7-$8 million each year for all sports?
How does Memphis compare?
Or Gonzaga?

Yes to the first question.
Top 3 based on this measure, and the methodology appears reasonable.
Six years after this one to 2031 - the 200th anniversary of Xavier and the first graduating class of the new medical school.
Don’t have numbers on Memphis or the Zags on their media deals.

[paulxu]

https://painttouches.com/2024/07/01/how-does-the-the-big-east-tv-contract-compare-to-other-power-conferences-fox-espn-sec/

Read every word of that. You'll smile.

One caveat: in no way are Butler and DePaul worth more than Duke or UNC from a media point of view, but it still goes to show that Val and company did a good job and and it amplifies the fact that the ACC is under a great deal of stress due to its media deal.

Does this mean Val did a good job? There were a lot of negatives floating around about her a short while ago.

[XU_Lou]

Does this mean Val did a good job? There were a lot of negatives floating around about her a short while ago.

To be clear, all from one person.

[GoMuskies]

To be clear, all from one person.

Yes, that was very strange. I wonder if Broering or one of those other 24/7 douches was saying negative things and the vibes were just being repeated?

[xudash]

Does this mean Val did a good job? There were a lot of negatives floating around about her a short while ago.

There is one important aspect of this story that people are either missing or choose to ignore: the first phone call by Fox was not made to the conference commissioner. It was made to another media company.

A 95% increase. Multiple platforms while “implementing” streaming now.

Maybe the inflated rumors didn’t help with perceptions of the proceedings.

IMO, she/BE Leadership did a good job, given the circumstances.

[Xville]

Does this mean Val did a good job? There were a lot of negatives floating around about her a short while ago.

I have been pretty critical of her due to other factors outside of this agreement and still feel uneasy with her. If you look outside of this chatboard, there are others out there who feel the same.

However, I think she and the others involved did a good job, not a great one, with this deal. The numbers were what was expected.

[Xville]

Yes, that was very strange. I wonder if Broering or one of those other 24/7 douches was saying negative things and the vibes were just being repeated?

Never seen anything from them that were negative regarding Val. It’s extremely rare that I agree with anything Rick says.

[sirthought]

I thought the teams would each be getting around $8mil and optimistically $9mil.

But this isn't too much of a shocker. They should be happy, as obviously other schools are looking at bigger mountains to overcome.

The overall deal it's a positive move, but I'm concerned for things moving forward in the media landscape. The task of how to acquire fans and viewers is not getting better with this deal. But it's not an uncommon issue for college hoops. Even when X was winning more than losing, the number of people who cared enough to watch wasn't great, so beyond getting a better product on the court they need to figure out a way to build interest. Hopefully these streamer networks will market things better, but I bet they are just throwing darts and hoping for the best.

The six-year contract is not very long. That could be good and bad, but it acknowledges that things are really changing pretty quickly and there's not a firm confidence that the Big East programs will stay in their position of a strong conference. Fox is holding on to rights almost as a means of spending as little as possible and still not letting competitors have as big a piece of the pie. But their attention on the Big East won't be as strong. Peacock and MAX streaming is cutting a new path and are elated to get a conference with street cred, just like FS1 was years ago.

Let's see how things look in 2031. NIL and all the changes with possible unions and transfer portals has made life absolutely crazier for every team. Will things settle down and return more to the college basketball we loved as a pastime?






Val should definitely sue, or more publicly protest, on the NCAA expecting them to pick up that lawsuit tab.

[X-band '01]

We can officially say that TNT will have a lot more room for Big East games now that they will not be part of the NBA's new media rights deal. They're going to argue that the NBA is illegally locking them out of the new deal, but I don't see how they would win such a potential lawsuit.

[MHettel]

We can officially say that TNT will have a lot more room for Big East games now that they will not be part of the NBA's new media rights deal. They're going to argue that the NBA is illegally locking them out of the new deal, but I don't see how they would win such a potential lawsuit.

They could have easily win the lawsuit if they had a clause in their existing contract that allows them to match any offer. It sounds like they belive their last minute offer met the criteria of what it means to match, and the NBA said it did t meet the criteria. Both parties obviously did their legal work already and a court will have to interpret the contract and make the call….

[webxu]

Pipe dream here, but if TNT would cover the BE games with the inside the NBA crew or even just Barkley and Johnson that would be amazing.

[X-band '01]

Barkley's retired anyhow.

[Olsingledigit]

Barkley's retired anyhow.

Barkley makes $21 mil a year. A bit high priced to analyze Big East games.