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Blog Entry

Pac-12 will announce record deal

Posted on: May 3, 2011 11:28 am
Edited on: May 4, 2011 10:09 am
 

The Pac-12 will announce the largest television rights fees deal in college conference history on Wednesday CBSSports.com has learned.

 Initial reports Tuesday that the league would announce a 12-year, $2.7 billion agreement with ESPN and Fox were low, according to a person familiar with the negotiations. Instead, the new deal will make the Pac-12 No. 1 among all conferences in an age where rights fees are skyrocketing. The 12-year, $3 billion deal will be worth an average of more than $20 million per school each year over the course of the agreement. The final numbers could be staggering considering that the Pac-12 is going to announce a broadcast and cable deal only at this time. There is the digitial (phone/Internet) and network component still out there.

 In the reports that surfaced Tuesday Pac-12 teams would average $18.75 million per year per school. That figure alone would double the current take of Pac-10 schools. The New York Times also reported the deal Tuesday morning. 

 How a sleepy league that was routinely No. 4 rights fees could shoot up to to No. 1 is explained here

 The announcement should mark the ultimate payoff for commissioner Larry Scott. The former CEO of the Women's Tennis Association has been on the job less than two years. Already he has shaken up not only his league but also college sports. He nearly succeeded last year in a raid of the Big 12 in expanding the Pac-10 from 10 to 16 teams. Falling short of that, the league invited Utah and Colorado and instituted a championship game beginning this year.  

 Scott already is on record intending to market the Pac-12 in Pacific Rim countries, including China. 

 NBC-Universal dropped out of the Pac-12 idding last week according to the Sports Business Journal. The conference will be part of a Saturday night primetime package on ESPN also according to SBJ.

The league has scheduled a Wednesday morning press conference at the Arizona Biltmore Hotel in Phoenix, meaning Arizona State will be the "host" school of the largest TV deal in college history. 


Comments

Since: Mar 12, 2008
Posted on: May 3, 2011 2:05 pm
 

Pac-12 set to announce record deal

Larry Scott: Utah, we would like you to join our company.

Utah: How much does this position pay?

Larry Scott: We can offer you 15.5 times what you currently make.

Utah:  What's the catch?

Laryy Scott:  You would have to play on national television networks instead of a localized uhf low budget station. We would require you to join our exclusive country club and force you to enjoy all benefits of its membership. You might have to endure working with a better class of associates.

Utah: We'll think about it and get back to you.



Since: Jul 8, 2008
Posted on: May 3, 2011 1:45 pm
 

Pac-12 set to announce record deal

Bravo Larry Scott. Bravo!!



Since: Jul 8, 2008
Posted on: May 3, 2011 1:44 pm
 

Pac-12 set to announce record deal

I see this as having a major impact on national recruiting for the Pac-12. Like it or not, the east coasters don't see a lot of west coast football. I know since I lived in both the Midwest and the Southeast. So neither do their high school kids. This gives the conference an inroad to the awareness of these kids who will take notice and look at the west coast schools more serioously.

I'm liking it a lot.




Since: Mar 12, 2008
Posted on: May 3, 2011 1:44 pm
 

Pac-12 set to announce record deal

It looks like Utah married into the family at just the right time.

MWC $1.3 million TV and no guaranty of any BCS money.

Pac12 $18.75 million TV and a slice of $17 million pie every year.

I know it will take a few years for Utah to work itself into the full share of contract revenue, but simply because of conference affiliation they get a raise of more than 15 times what they were making.

I love me some Larry Scott.



Since: Jul 8, 2008
Posted on: May 3, 2011 1:40 pm
 

Pac-12 set to announce record deal

All the matters is the world is fianlly going to see the west coast a lot more, and the east coast bias will slowly deplete.




Since: May 14, 2007
Posted on: May 3, 2011 1:38 pm
 

Pac-12 set to announce record deal

Not a bad time for the Utes to be entering the conference!!!!!!!!



Since: Jul 8, 2008
Posted on: May 3, 2011 1:35 pm
 

Pac-12 set to announce record deal

But this is huge news for Pac-12 fans not on the west coast. It was such a dern task to watch USC games in Alabama my goodness!

But they will definately reap their benefits in basketball in two years. UCLA, USC, Washington, and Washington St will officially be back in business.



I couldn't be Happier! This Changes Everything! Other conferences better watch!!!!!!!!!




Since: Jun 30, 2009
Posted on: May 3, 2011 1:30 pm
 

Pac-12 set to announce record deal

This contract kinda makes the SEC one with ESPN look like chump change.



Since: Jul 8, 2008
Posted on: May 3, 2011 1:22 pm
 

Pac-12 set to announce record deal

So it looks like the Pac12 is more valuable to ESPN than the SEC.


Obviously!!!!!!!!!!!!!!!!!

LMAO



Since: Jul 8, 2008
Posted on: May 3, 2011 1:20 pm
 

Pac-12 set to announce record deal

PAC12 is already the best at winning the most NCAA Championships for MEN and WOMEN and ACADEMICS!!!!!

NOW THIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

SWEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

EEEEEEEEEEEEEEETNESS!!!!!!!!!!!!!!!!!!!!!!!


The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com