Hokie Mark
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I Root For: VT, ACC teams
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RE: ACC Revenues increase (Article)
(06-02-2019 05:46 AM)nole Wrote: "it did close the gap financially on most of its peers in 2017-18,"
The gap with the Big 10 is $24 Million. Tjat gap did not close.
The gap with the SEC is is $14 Million. That gap did not close.
The Big 12 teams keep their own tier 3 rights. For the OK & UT of the world that is $7-$15 million a year. So again, that gap did not close.
Catching the PAC 12 is great. But that isn't the goal and it skews the real story here. The cost of keeping up in football has gone up...WAY up, and it isn't slowing down. And the PAC 12 isn't really playing that game. Much like the Big East before P5.
When the SEC renegotiates it's TV contract (2024 I believe), the game is gonna change again in a MAJOR way.
The ACCN will have to clear north of $15 Million (so a net of $12 million) in 5 years to put a dent in the revenue gap that is still growing.
Nole is correct on a couple of points. The gap vs. the SEC is $1M more this year than last year, and the gap vs. the Big Ten grew by leaps and bounds. However, Big XII revenue did not increase, so the ACC did make up some ground there (not that they are primary competitors, though).
Yes, the ACCN needs to generate about $15M/team (which, I believe, it is projected to do; keep in mind that, while the SEC doesn't reveal the exact SECN revenue numbers, my analysis shows that the SECN accounts for about $20M/team of their revenue - so I don't think 3/4 of that is a stretch).
When the SEC gets their new T1 deal, the ACC may be forced to sit down with ESPN to discuss some major changes (think division realignment, etc.) in order to keep up financially. JMO.
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06-02-2019 06:42 AM |
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