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WBGV OP
Oct 30, 2022 at 11:04 AM ET
Big 12 finalizing six-year, $2.3 billion extension of media rights deal
with ESPN and Fox Sports. "Faced with the potential for an unstable future given the changing landscape of college sports, the Big 12 has secured its financial stability through at least the 2030-31 season. The conference has come to terms and is in the process of finalizing a six-year, $2.3 billion extension of its media rights agreement with partners ESPN and Fox Sports, sources confirm to CBS Sports' Dennis Dodd."

14 Replies

HokieAl HokieAl
By next summer, the PAC will be dead
The B12 got it done on the field with TCU staying undefeated, having entertaining games with the conference matchups, and their expansion teams doing well this year. And the PAC is unfortunately having a great year in the polls but two of their top teams are gone and the other two top teams are clearly being targeted by other conferences. The PAC was too slow to act and now they have no negotiating power. They are done as a P5 conference is where I'm putting my prediction money.
HtownHokie HtownHokie
maybe? if VT joins B12 our on-field 🏈 performance will geometrically
improve! what's our acc per team gross right now, btw?
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WBGV OP
The PAC- 12 should have killed the Big-12 when they had the chance.
And then after losing USC / UCLA, they should have expanded with SDSU and another school even before beginning media rights negotiations. I agree that the PAC-12 is moving too slow and is now in a fight for its survival. The Big Ten meeting with Oregon and Washington really destabilized the conference and greatly weakened the PAC-12’s negotiating position.
VTHokie2000 VTHokie2000
Given that TAMU killed the group move to the Pac-10 and Texas wouldn't
join without TAMU, I'm not sure what the Pac-12 could have done to kill the Big XII once that deal fell through.
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WBGV OP
I’m referring to last year when the PAC-12 could have had their choice of
any Big-12 school after TX/OK announced that they were leaving for the SEC. As soon as the PAC-12 announced that they weren’t interested in expansion, the Big 12 quickly invited Cincinnati, BYU, Houston, and UCF. Conference stability has been improving since that date and now the Big 12 has a 6 year contract extension. It is my understanding that all of the members have agreed to a grant of rights and they reportedly also have expansion provisions included.
VTHokie2000 VTHokie2000
Did the Big XII really have any members with "value" that would have
increased the Pac-12's overall value? Kansas is a "basketball" school that really doesn't add much value when football is driving the bus. Oklahoma State and Texas Tech are the lite version of their respective big brothers that are heading to the SEC. Even Iowa State and Kansas State are probably lite versions too. While WVU is too far away to join the Pac-12. Before you suggest Baylor and TCU, they aren't even an option due to their religious affiliations. It is possible the Pac-12 should have added Kansas, Kansas State, Oklahoma St, and Texas Tech. I do understand why the Pac-12 didn't consider adding all them or any of them. It is even possible none of the Big XII schools were interested in joining the Pac-12 because of the travel issues (specifically the change in time zones). The Big XII schools may prefer traveling East-West instead of West-East went returning from an away game particularly during the week.
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tarheelblue
Well they have set the bar for what the Pac-12 needs to make in their deal.
If the Pac-12's new media deal gets them close to this, then there isn't much incentive for the other Pac-12 schools to leave for the Big 12 right now. ** Edited by tarheelblue at 10/30/2022, 2:05:45 PM
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tcc_dc
Lol...six years and more money...ACC will still be 6 years away when this
expires. Horrendous.
VTHokie2000 VTHokie2000
And I think the Big XII will still have no conference network which is
pretty amazing given how the power conferences were scrambling to launch their own conference network.
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WBGV OP
I seriously doubted that Yormark could finalize a lucrative deal like this
one without Texas & Oklahoma, so I’m “eating some crow” for breakfast this morning. I’m guessing that Yormark is now going to use this contract extension to go after the four corner schools ( AZ, ASU, Utah, and Colorado ). I was also very doubtful about Big 12 Expansion, but not now. It will be very interesting to see what comes out of the PAC-12 meetings this week.
goldendomer goldendomer
Wow, so the Big 12 will be pretty close to the ACC
I thought they would get 21-25, but Yormark did well.
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WBGV OP
It is difficult to discuss financial comparisons between conferences
because everyone uses different revenue streams. Here is a statement from Pete Thamel: “The total worth of the Big 12’s media deal is anticipated to extend from $220 million yearly to $380 million. That’s a median improve in media-only income per college from $22 million to $31.7 million (the $380 million is now divided 12 methods with the addition of BYU, UCF, Cincinnati and Houston). The new deal will mark an uptick within the Big 12’s total distribution quantity, which at the moment stands at $42.6 million per college. That quantity is topic to myriad variables equivalent to NCAA event items, bowl income and new College Football Playoff income. It’s secure to venture the general per-school income rising to just about $50 million beginning in 2025-26. That quantity may properly be a lot larger relying on cash the 12-team College Football Playoff delivers.” - Pete Thamel / ESPN
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33laszlo99
ESPN got the lion's share. Wonder what % of
the $380 million they paid. They can definitely afford it. The only real property left to acquire is whatever remains in the PAC. Big 12 got the valuable pro rata clause. That makes expansion almost certain for Yormark. If Fox & ESPN settle on an early departure for TX/OK it will have to be a cash deal, I guess. Maybe TX/OK will stay through the 2025 season. ** Edited by 33laszlo99 at 10/30/2022, 1:54:43 PM
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WBGV OP
It keeps being reported that TX/OK are staying through the 2025 season.
I agree with you that Big 12 expansion certainly seems likely now unless the PAC-12 can get a lucrative deal through ESPN and/or several streaming services. I am not so sure that ESPN likes the idea of sharing media rights with streaming services which have the potential to raise the value of those rights over time significantly because of their deep pockets (Amazon & Apple). The last report I saw had Fox not interested in the PAC-12 and ESPN low balling their offer. The Presidents of the PAC-12 schools are meeting this week to discuss media rights negotiations. We should know more after their meeting. ** Edited by WBGV at 10/30/2022, 7:04:37 PM