Blog Entry

Pac-12 will announce record deal

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


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Comments

Since: Sep 1, 2008
Posted on: May 3, 2011 12:21 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.



Since: Sep 1, 2008
Posted on: May 3, 2011 12:18 pm
 

Pac-12 set to announce record deal

Man I have a man crush on Larry Scott this guy is a go getter. The confernce had been on a slight decline the last ten years even the once strongest basketball conference began to drop. I remember the days when UCLA, Arizona, Washington, Washington St would all be ranked. ANd UCLA would be making final fours like it wasn't anything. It was only two years ago people were saying the pac-10 would never have twelve members or a conference championship. Thank goodness no more getting leap frogged at the end of the season for sitting idle.

Like Lee Corso says lol this guy deserves a you he is bringing the conference of champions back to the top. Only complaint I have is that I wish we could go away from the 9 conference game format. Just because Cal and Stanford want to cry about not being able to play USC every year.



Since: Apr 17, 2007
Posted on: May 3, 2011 12:03 pm
 

Pac-12 set to announce record deal

And the entertainers (i.e. players) get $0 extra.  Sounds like a broken system to me.



Since: Nov 8, 2006
Posted on: May 3, 2011 11:47 am
 

Pac-12 set to announce record deal

Wow.  How you like them apples?

Money mouthMoney mouthMoney mouthMoney mouthMoney mouth


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