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***Big 12 TV Deal Announced***
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TodgeRodge Offline
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Post: #41
RE: ***Big 12 TV Deal Announced***
(10-30-2022 08:24 PM)BigHouston Wrote:  I don’t like the 6 year tv deal… Was hoping for a 10 year tv deal instead.

Although I am pleased Big12 decided to remain with ESP and Fox

10 years is a horrible idea especially considering the Big 12 did not take their product to market and instead basically signed an extension of their current deal with a very slight bump from the end of the prior deal
10-30-2022 09:50 PM
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BigHouston Offline
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Post: #42
RE: ***Big 12 TV Deal Announced***
(10-30-2022 09:50 PM)TodgeRodge Wrote:  
(10-30-2022 08:24 PM)BigHouston Wrote:  I don’t like the 6 year tv deal… Was hoping for a 10 year tv deal instead.

Although I am pleased Big12 decided to remain with ESP and Fox

10 years is a horrible idea especially considering the Big 12 did not take their product to market and instead basically signed an extension of their current deal with a very slight bump from the end of the prior deal

Strengthen conference stability is why favored a 10 year tv deal as for not going to open market, I’m certain that was heavily looked at/studied and why the 6 year deal was agreed upon… Meaning expansion is far from over.
10-30-2022 11:46 PM
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bear2be2 Offline
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Post: #43
RE: ***Big 12 TV Deal Announced***
(10-30-2022 08:24 PM)BigHouston Wrote:  I don’t like the 6 year tv deal… Was hoping for a 10 year tv deal instead.

Although I am pleased Big12 decided to remain with ESP and Fox
A six-year deal is much better than 10. Media rights values are only going up. In 10 years, there's a good chance you'd be where the ACC is now -- locked into an outdated deal that's leaving a ton of money on the table.

This also puts us on the market the same time other major leagues are, so we can set the market or ride the markets set by other leagues.

This is essentially an opportunity for the Big 12 to bet on itself. Most who follow these things closely felt that time was on the Big 12's side and that we could have made more in 2025 than we did now. If we have a good run through the life of this contract -- and potentially add some programs that improve our inventory -- we could well be in a position to earn significantly more in 2031.
10-31-2022 12:41 AM
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bear2be2 Offline
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Post: #44
RE: ***Big 12 TV Deal Announced***
(10-30-2022 09:50 PM)TodgeRodge Wrote:  
(10-30-2022 08:24 PM)BigHouston Wrote:  I don’t like the 6 year tv deal… Was hoping for a 10 year tv deal instead.

Although I am pleased Big12 decided to remain with ESP and Fox

10 years is a horrible idea especially considering the Big 12 did not take their product to market and instead basically signed an extension of their current deal with a very slight bump from the end of the prior deal
A "very slight bump" from an TV rights deal that included Texas and Oklahoma. That's not an insignificant detail.

And frankly, the bump isn't particularly slight. $22 million to $31.5 million is a pretty significant increase, particularly once you factor in the value lost with OUT and what many were projecting the league without those two brands to make.
(This post was last modified: 10-31-2022 12:44 AM by bear2be2.)
10-31-2022 12:44 AM
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Edgebrookjeff Offline
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Post: #45
RE: ***Big 12 TV Deal Announced***
(10-31-2022 12:41 AM)bear2be2 Wrote:  
(10-30-2022 08:24 PM)BigHouston Wrote:  I don’t like the 6 year tv deal… Was hoping for a 10 year tv deal instead.

Although I am pleased Big12 decided to remain with ESP and Fox
A six-year deal is much better than 10. Media rights values are only going up. In 10 years, there's a good chance you'd be where the ACC is now -- locked into an outdated deal that's leaving a ton of money on the table.

This also puts us on the market the same time other major leagues are, so we can set the market or ride the markets set by other leagues.

This is essentially an opportunity for the Big 12 to bet on itself. Most who follow these things closely felt that time was on the Big 12's side and that we could have made more in 2025 than we did now. If we have a good run through the life of this contract -- and potentially add some programs that improve our inventory -- we could well be in a position to earn significantly more in 2031.

In 6 years, we're still negotiating the second deal before the ACC can start negotiating their 1st deal. To me that's a genius plan.
10-31-2022 06:53 AM
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goodknightfl Offline
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Post: #46
RE: ***Big 12 TV Deal Announced***
You didn't want a 10 year deal. You wanted this to stabilize the B12 and give it a chance to get established. It also gives The commissioner some ammo for talking to 4C.
10-31-2022 07:37 AM
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BraveKnight Offline
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Post: #47
RE: ***Big 12 TV Deal Announced***
We are living in a world where UCF will be making more money than Miami and Florida State and Cincy will be making more money than Syracuse, Pitt, and BC.
10-31-2022 07:49 AM
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True Bearcat Offline
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Post: #48
RE: ***Big 12 TV Deal Announced***
(10-31-2022 07:49 AM)BraveKnight Wrote:  We are living in a world where UCF will be making more money than Miami and Florida State and Cincy will be making more money than Syracuse, Pitt, and BC.

As Cincinnati should be. Cincinnati has done more with less for years than those you mentioned. It is time they finally get their due.
10-31-2022 08:14 AM
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dave108 Offline
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Post: #49
RE: ***Big 12 TV Deal Announced***
(10-31-2022 08:14 AM)True Bearcat Wrote:  
(10-31-2022 07:49 AM)BraveKnight Wrote:  We are living in a world where UCF will be making more money than Miami and Florida State and Cincy will be making more money than Syracuse, Pitt, and BC.

As Cincinnati should be. Cincinnati has done more with less for years than those you mentioned. It is time they finally get their due.

and, as much as it pains me to say it (jk), UCF has done more than the U and free shoes u.
10-31-2022 09:01 AM
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parialex Offline
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Post: #50
RE: ***Big 12 TV Deal Announced***
The only risk with a six year deal is that it expires before the SEC contract is up, which sounds good but might be bad if Oklahoma State or someone gets the idea that it might get an SEC invite and doesn't want to do another GOR. Having said that, that's a risk I will take.

(This is a bigger problem for the Pac-12 if they expire before the Big Ten.)
10-31-2022 10:02 AM
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parialex Offline
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Post: #51
RE: ***Big 12 TV Deal Announced***
Regarding expansion, I am sure Yormark/etc are considering all of the avenues of revenue. The fact that they have and are still pursuing expansion undermines the idea that it is clearly a bad idea or "G5 thinking". So I think one or more of the following things is true:

1) The incoming teams will improve and contribute so that playoff, bowl, and tourney money will not be diluted

2) Future distribution of those moneys won't be unfavorable to larger conferences

3) Some dilution is an acceptable price to pay for the benefits of a larger conference in future realignment and media negotiations

(The flipside, for people like me who looked favorably at a merger with the Pac, is that they determined the above wasn't sufficiently true to justify doing so.)
10-31-2022 10:09 AM
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BraveKnight Offline
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Post: #52
RE: ***Big 12 TV Deal Announced***
(10-31-2022 09:01 AM)dave108 Wrote:  
(10-31-2022 08:14 AM)True Bearcat Wrote:  
(10-31-2022 07:49 AM)BraveKnight Wrote:  We are living in a world where UCF will be making more money than Miami and Florida State and Cincy will be making more money than Syracuse, Pitt, and BC.

As Cincinnati should be. Cincinnati has done more with less for years than those you mentioned. It is time they finally get their due.

and, as much as it pains me to say it (jk), UCF has done more than the U and free shoes u.
Agree with both of you. B12 got this contract based on merit, not entitlement like a lot of other schools.
10-31-2022 10:10 AM
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bear2be2 Offline
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Post: #53
RE: ***Big 12 TV Deal Announced***
(10-31-2022 10:09 AM)parialex Wrote:  Regarding expansion, I am sure Yormark/etc are considering all of the avenues of revenue. The fact that they have and are still pursuing expansion undermines the idea that it is clearly a bad idea or "G5 thinking". So I think one or more of the following things is true:

1) The incoming teams will improve and contribute so that playoff, bowl, and tourney money will not be diluted

2) Future distribution of those moneys won't be unfavorable to larger conferences

3) Some dilution is an acceptable price to pay for the benefits of a larger conference in future realignment and media negotiations

(The flipside, for people like me who looked favorably at a merger with the Pac, is that they determined the above wasn't sufficiently true to justify doing so.)
I think it's pretty simple actually. Yormark wants a national conference and we need more than one program west of the Central Time Zone to be that. We can't currently give our media partners a late game every week. I think it's ultimately the goal to be able to put a game (or multiple games) in every time slot every Saturday. That requires at least some westward expansion.
(This post was last modified: 10-31-2022 10:45 AM by bear2be2.)
10-31-2022 10:43 AM
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Huan Offline
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Post: #54
RE: ***Big 12 TV Deal Announced***
A main reason to negotiate the media extension nearly two years early is to get hard numbers for expansion. To leak the contract value on a Sunday, one day prior to a pac 10 presidents meeting suggests the Big12 and or the media are confident there is enough to generate movement. It would be cheaper for ESPN to pay a few pac10 programs at big12 rates to get the remaining pac programs at reduced rates.
There may be a small buy in provision to offset any deficit. The big12 is unlikely to add more than 3, or just 2.
Currently the cfp allocates $ up to 12 programs per conference. It is likely this number will inch up to 14.
(This post was last modified: 10-31-2022 12:29 PM by Huan.)
10-31-2022 12:28 PM
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TodgeRodge Offline
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Post: #55
RE: ***Big 12 TV Deal Announced***
(10-31-2022 12:44 AM)bear2be2 Wrote:  
(10-30-2022 09:50 PM)TodgeRodge Wrote:  
(10-30-2022 08:24 PM)BigHouston Wrote:  I don’t like the 6 year tv deal… Was hoping for a 10 year tv deal instead.

Although I am pleased Big12 decided to remain with ESP and Fox

10 years is a horrible idea especially considering the Big 12 did not take their product to market and instead basically signed an extension of their current deal with a very slight bump from the end of the prior deal
A "very slight bump" from an TV rights deal that included Texas and Oklahoma. That's not an insignificant detail.

And frankly, the bump isn't particularly slight. $22 million to $31.5 million is a pretty significant increase, particularly once you factor in the value lost with OUT and what many were projecting the league without those two brands to make.

you are not looking at the numbers correctly

to look at the numbers you need to look at the value of the Big 12 right now and in the final year of the current contract you do not look at the average of the prior contract

the current contract will pay between $26 and $27 million or so in the final year because it scales from start to end and a 16 year contract would meet the average in about year 7 ($20 million) and then scale from there about a million a year or so (I think the Big 12 was a bit back loaded and had years with smaller and larger increases depending on Sugar Bowl payouts)

so the Big 12 is not jumping from a contract average of $20 million the Big 12 is jumping from a final year payout of $26 to $27 million

plus the new contract will also scale so with 6 years and an average of $31.6 million you are looking at a first year payout of probably in the range of $29 million or so and if the Big 12 is smart they will also back load this contract so that when it ends they can point and say "we just finished a contract that paid $36 million in the final year we need to go up from there"

in addition with reduced payouts to new members that allows existing members to have payouts that look larger in the first few years to again give an appearance of a larger bump than there really is

so as stated prior with the Big 12 ending a contract that pays $26 to $27 million in the final year and entering into one that will probably pay about $29 million there is no massive increase for the current members of the Big 12 it is simply a continuation of the current scale of the prior contract with a very slight bump

not the worst contract on earth, but hardly a home run

and with those numbers in mind and that reality it would have been a disaster for the Big 12 to go 10 years especially form some pretend "stability"
10-31-2022 01:48 PM
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bear2be2 Offline
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Post: #56
RE: ***Big 12 TV Deal Announced***
(10-31-2022 01:48 PM)TodgeRodge Wrote:  
(10-31-2022 12:44 AM)bear2be2 Wrote:  
(10-30-2022 09:50 PM)TodgeRodge Wrote:  
(10-30-2022 08:24 PM)BigHouston Wrote:  I don’t like the 6 year tv deal… Was hoping for a 10 year tv deal instead.

Although I am pleased Big12 decided to remain with ESP and Fox

10 years is a horrible idea especially considering the Big 12 did not take their product to market and instead basically signed an extension of their current deal with a very slight bump from the end of the prior deal
A "very slight bump" from an TV rights deal that included Texas and Oklahoma. That's not an insignificant detail.

And frankly, the bump isn't particularly slight. $22 million to $31.5 million is a pretty significant increase, particularly once you factor in the value lost with OUT and what many were projecting the league without those two brands to make.

you are not looking at the numbers correctly

to look at the numbers you need to look at the value of the Big 12 right now and in the final year of the current contract you do not look at the average of the prior contract

the current contract will pay between $26 and $27 million or so in the final year because it scales from start to end and a 16 year contract would meet the average in about year 7 ($20 million) and then scale from there about a million a year or so (I think the Big 12 was a bit back loaded and had years with smaller and larger increases depending on Sugar Bowl payouts)

so the Big 12 is not jumping from a contract average of $20 million the Big 12 is jumping from a final year payout of $26 to $27 million

plus the new contract will also scale so with 6 years and an average of $31.6 million you are looking at a first year payout of probably in the range of $29 million or so and if the Big 12 is smart they will also back load this contract so that when it ends they can point and say "we just finished a contract that paid $36 million in the final year we need to go up from there"

in addition with reduced payouts to new members that allows existing members to have payouts that look larger in the first few years to again give an appearance of a larger bump than there really is

so as stated prior with the Big 12 ending a contract that pays $26 to $27 million in the final year and entering into one that will probably pay about $29 million there is no massive increase for the current members of the Big 12 it is simply a continuation of the current scale of the prior contract with a very slight bump

not the worst contract on earth, but hardly a home run

and with those numbers in mind and that reality it would have been a disaster for the Big 12 to go 10 years especially form some pretend "stability"
A contract that increases TV revenue and overall revenue without Texas and Oklahoma is a home run. It's silly to frame it any other way.
(This post was last modified: 10-31-2022 01:57 PM by bear2be2.)
10-31-2022 01:56 PM
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Wooglin157 Offline
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Post: #57
RE: ***Big 12 TV Deal Announced***
Just amazing that B12/Yormark delivered. This is such a huge deal for the existing members because of course the deal didn’t get reduced. Is it a “massive” increase? No. But at least it gets well above the ACC and keeps the conference firmly in the “major” category.

For the newcomers, it’s obviously among the best case scenarios from a monetary and coverage perspective. All games either on ESPN or Fox TV networks and ESPN+. $31m/yr average. Then the additional revenue which is projected to get to about $50m/yr - and that’s not even knowing any increases from the expanded CFP format. And finally with some concrete numbers on the table, it should be much easier to start defining athletics budget priorities and capital improvements.

Great day for the Big XII conference.
10-31-2022 10:07 PM
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Endless Purple Offline
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Post: #58
RE: ***Big 12 TV Deal Announced***
(10-31-2022 01:48 PM)TodgeRodge Wrote:  
(10-31-2022 12:44 AM)bear2be2 Wrote:  
(10-30-2022 09:50 PM)TodgeRodge Wrote:  
(10-30-2022 08:24 PM)BigHouston Wrote:  I don’t like the 6 year tv deal… Was hoping for a 10 year tv deal instead.

Although I am pleased Big12 decided to remain with ESP and Fox

10 years is a horrible idea especially considering the Big 12 did not take their product to market and instead basically signed an extension of their current deal with a very slight bump from the end of the prior deal
A "very slight bump" from an TV rights deal that included Texas and Oklahoma. That's not an insignificant detail.

And frankly, the bump isn't particularly slight. $22 million to $31.5 million is a pretty significant increase, particularly once you factor in the value lost with OUT and what many were projecting the league without those two brands to make.

you are not looking at the numbers correctly

to look at the numbers you need to look at the value of the Big 12 right now and in the final year of the current contract you do not look at the average of the prior contract

the current contract will pay between $26 and $27 million or so in the final year because it scales from start to end and a 16 year contract would meet the average in about year 7 ($20 million) and then scale from there about a million a year or so (I think the Big 12 was a bit back loaded and had years with smaller and larger increases depending on Sugar Bowl payouts)

so the Big 12 is not jumping from a contract average of $20 million the Big 12 is jumping from a final year payout of $26 to $27 million

plus the new contract will also scale so with 6 years and an average of $31.6 million you are looking at a first year payout of probably in the range of $29 million or so and if the Big 12 is smart they will also back load this contract so that when it ends they can point and say "we just finished a contract that paid $36 million in the final year we need to go up from there"

in addition with reduced payouts to new members that allows existing members to have payouts that look larger in the first few years to again give an appearance of a larger bump than there really is

so as stated prior with the Big 12 ending a contract that pays $26 to $27 million in the final year and entering into one that will probably pay about $29 million there is no massive increase for the current members of the Big 12 it is simply a continuation of the current scale of the prior contract with a very slight bump

not the worst contract on earth, but hardly a home run

and with those numbers in mind and that reality it would have been a disaster for the Big 12 to go 10 years especially form some pretend "stability"

So are you saying that Cincy, UCF and Houston have the same value as Ou and UT thus the continued annual raises from the previous contract into the new is what should be expected and no bump from a value without OU and UT?
11-01-2022 12:09 AM
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goodknightfl Offline
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Post: #59
RE: ***Big 12 TV Deal Announced***
We on space coast just celebrated the deal with space x heavy launch. windows rattled or 5 minutes. Then double sonic booms as the side first stage rockets landed back at the cape.
11-01-2022 08:53 AM
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knightmite Offline
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Post: #60
RE: ***Big 12 TV Deal Announced***
(11-01-2022 08:53 AM)goodknightfl Wrote:  We on space coast just celebrated the deal with space x heavy launch. windows rattled or 5 minutes. Then double sonic booms as the side first stage rockets landed back at the cape.

Disappointed that it was too cloudy to see anything from the Orlando area. I can't wait until Starship launches on a regular basis hopefully in a few years. A second Starship launch tower "mechazilla" is now under construction.
11-01-2022 12:09 PM
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