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: Jul 8, 2008
Posted on: May 3, 2011 1:18 pm
 

Pac-12 set to announce record deal

This is unbelievable!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! PAC12 is #1



Since: Sep 12, 2006
Posted on: May 3, 2011 1:16 pm
 

Pac-12 set to announce record deal

To NativeWebfoot:

$225 million PER YEAR * 12 years = $2.7 billion



Since: Dec 4, 2009
Posted on: May 3, 2011 12:58 pm
 

Pac-12 set to announce record deal

I might be wrong, but the report I read on msn.com said it was a $225 million deal. Not the $3 billion deal Dodd is reporting. I sure hope I'm wrong and Dodd finally gets something right. It would mean a whole lot more $$$$$$ for each school.



Since: May 3, 2011
Posted on: May 3, 2011 12:57 pm
 

Pac-12 set to announce record deal

Should be awesome for recruiting to an already great recruiting conference. Go Pac....er...12? mmm will take some gettin' used too.



Since: Jul 8, 2009
Posted on: May 3, 2011 12:53 pm
 

Pac-12 set to announce record deal

previous comment is in response to jasondeegan comment...should have clarified.



Since: Jul 8, 2009
Posted on: May 3, 2011 12:52 pm
 

Pac-12 set to announce record deal

the new in-state tuition for UofA is roughly $5K per semester (out of state is much higher). That does not include room, books etc...I am not going to cry for D1 athletes that are scholarship. If they choose to, they can stay and get a 4 year degree and STILL have the opportunity to make millions in the pros, and that is all because they showcased their wares on the college stage. There will always be a few examples of those that wouldn't need college and so be it...but the overwhelming majority of athletes get a lot out of being an "entertainer" at the college level. Last time I checked, they did not have a weapon aimed at their head when they signed to play for a school. I think both ends use each other and for the most part the system works.



Since: May 3, 2011
Posted on: May 3, 2011 12:51 pm
 

Pac-12 set to announce record deal

I would imagine this will enhance recruiting even more for the conference. A great deal for the Pac...er...12? Will take some gettin' used too.





Since: Nov 8, 2006
Posted on: May 3, 2011 12:46 pm
 

Pac-12 set to announce record deal

Days after completing a covert operation in Pakistan, Larry Scott inks a new landmark Pac-12 TV deal.  Warren Buffet has also hand-picked him as his new successor, and NASA has asked him to pilot the nation's last space shuttle mission.




Since: Aug 22, 2006
Posted on: May 3, 2011 12:45 pm
 

Pac-12 set to announce record deal

No it just looks like the Pac 10 or 12  negotiated in later years.  Whoever is next will have a better deal much like todays professional sports salaries.



Since: Jun 30, 2009
Posted on: May 3, 2011 12:37 pm
 

Pac-12 set to announce record deal

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


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