Swoffy didnt screw us....yet.
Wait til we see the contract details first, but the initial amounts talked about in our new ESPN TV deal are quite encouraging. I was hoping that we'd get the 120 million and anything less should've resulted in Swofford's firing, but it appears the moron has done something right and can keep his job....for now.
ESPN won the TV rights to ACC football and basketball in a bidding competition with Fox Sports that was surprisingly close, industry sources say, and as a result made the conference several million more dollars.The back-and-forth bidding, which reached its final stages last week at the league’s spring meetings in Amelia Island, Fla., drove up ESPN’s rights fee from initial projections of about $120 million a year to $155 million, sources said, providing the ACC with more than double the revenue it was receiving from its previous football and basketball contracts
The ACC broke from its spring meetings without announcing a new deal, and the conference said a formal contract had not been finalized. But industry sources pegged a pending deal with ESPN at $1.86 billion over 12 years .
That annual figure of $155 million dwarfs the average of $67 million the league was getting from its previous media deals, which expire at the end of the 2010-11 season, but falls well short of the $205 million a year that the SEC gets from its new 15-year deals with CBS and ESPN
The ESPN-SEC deal is 15 years at ~$2.25 Billion, which is $150 million per year. If $1.86 billion over 12 is true, we make $155 million per year. CBS is now the big difference between the money coming in to the SEC and ourselves. I don't know whether our deal expiring first is a good thing or bad thing, it could go both ways.
This deal precludes Raycom from having exclusive rights, as it will Fox Sports. So they will have to buy the game from ESPN to show it.
What this entails for ACC baseball coverage is unclear without seeing the actual contract, but I expect that we will get equal time with SEC baseball due to the amount they are paying, quite simply.
I would be greatly surprised if anyone would leave the ACC right now, with this deal in place. Had Swoffy gotten less than $10 mil, I would not feel that way.
I have concerns on being slaved to ESPN however.
Most of us realize that they are an SEC-favoring network overall, but now with them paying out so much to us, they'll have a vested interest in how the ACC performs. They will only be hurting themselves when they knock down the ACC football programs on Gameday. ESPN gives us the best avenue and outlet worldwide immediately, since every cable provider has to buy it due to demand.
However, would it not be better if we had gone to Fox, and broken the hold that ABC/ESPN-Disney holds on the world of sports? It could be that this is the better move for the future. Sure, Fox coverage of all BCS games royally BLEW, but the expense would force them to make a great product and hire better announcers. In the long run it could be that Fox ends up making Pac-10/Big XII football into a really high-value product, judging by their NFL success, and since theres almost no way ESPN can pay to take on those two conferences.
Unfortunately this deal will keep some games on Raycrap, and from the limited information we have so far, gives the digital rights to ESPN as well. I would've preferred they kept some of the online content and began work on an ACC-online video network with it.
For now though, I'm pleased with the deal we got.
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Don't you think this was more about ESPN wanting rights to ACC Basketball than it was about them wanting to broadcast ACC Football?
That is my opinion, but they should want the ACC to succeed on all fronts if they have the rights to those games. Regardless, whoever is making that kind of investment in our conference should want to promote it.
There is something in these Hills!
Coverage
I’m interested in seeing how the four letter network has the contract written. I’m a big college sports fan, and having played lacrosse since high school and then at Clemson, I thoroughly enjoy watching it on ESPNU. I’m hoping this contract means expanded coverage of ACC soccer, baseball, softball, and especially lacrosse. I know that both VT and FSU were waiting on the contract to determine if they could jump up to the bigger leagues for it so it will be interested.
Thought plowboy is correct, I think the major player in this deal was the rights to ACC Basketball. Swofford played his hand correct with timing both contracts so that they end together and combining them to add value to the deal. And I can bet you ESPN was sweating nuggets when FOX made a move, fearing they would lose the highend matchups that we provide.
Don't give up, don't ever give up ~ Jim Valvano
ACC Lacrosse? You mean all four of them? Doubt it.
I’m guessing that this contract includes very limited non-football/basketball requirements. I can’t imagine all that SEC softball has done ESPN one bit of good so far.
by OrangeBritches on May 17, 2010 2:18 PM EDT up reply actions
Wait so its done there?
So theirs not going to be a secondary network like the SEC has with cbs?
hmmm that still a lot of ground, 5 million a year/per team.
Not according to these details
ESPN owns us outright. Some schools do have the ability to negotiate deals for certain rights but this is it.
Raycom nor Fox have rights to show our games unless they buy it from ESPN and I highly doubt we get any cut.
What about the games if they're bought?
I’m afraid i already know the answer, but do we get any % of the games that espn sells?
Sounds good, I think.
Does this mean that we will no longer have to watch Purdue vs Minnesota for our Saturday noon games? If so, I’m all for it.
Big Ten still have their contract with ESPN.
so yes you will be delighted by a Pam Ward Big Ten matchup at Noon following Gameday.
Happy About This
We’ve all treated Swofford like a piƱata lately so this earns the man a reprieve. I’m not wholly convinced this is more basketball than football for the simple reason that there are really only a handful of college basketball games that get national attention yearly and the rest are bad ratings until the tourney.
College football draws a lot more ad dollars as a whole, especially since this gives us more access to Thursday nights.
http://inthebleachers.net
by InTheBleachers on May 18, 2010 8:37 AM EDT via mobile reply actions
I think its a misconception that because we signed with ESPN that we are going to get more coverage on any particular time or night. ESPN still has its deal with the Big East, SEC, and ACC for thursday night games, WAC and MAC for Friday nights, Big Ten for the noon saturday, big east and acc for afternoon, and ACC and SEC and PAC-10 for the late saturday games. Not having a secondary network (like the SEC has with CBS), really cost the league on the bidding table and for its television representation. I was hoping FOX, NBC, or maybe the Food Network would have tried to wiggle onto the scene
Don't give up, don't ever give up ~ Jim Valvano

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