Tuesday, September 18, 2012

Big East TV contract lessons learned


No matter what their actual record may be, the perception of the Big East is that it is a weak conference in football.  Most TV contracts with a conference revolve around upon how well they do on the football field, but in this instance, it is the national perception.  The Big East has been hand picked by the ACC over the past few seasons, in spite of an overall winning record against the ACC.  Syracuse, Miami, Pitt, Boston College, Virginia Tech and now even Notre Dame have defected from the Big East in favor of tougher competition in all sports, but mainly football.  When negotiating a contract, you have to know your worth and the Big East rejected a 1.4 million dollar contract with ESPN, which led to the more recent defections of Pitt, West Virginia, Syracuse and even TCU.  TCU signed to join the Big East, but within a few months signed as part of the Big 12.  Now the conference has expanded as far west as Boise St and San Diego State, and as far south as Houston and Central Florida.  However, adding these teams may actually hurt chances to gain money from the previous deal with ESPN.  Its strength is in basketball, but that does not have as much TV revenue as football, and a smaller deal with more schools means less money per school.  The current contract expires in June 2013, but the Big East is hoping that expansion into San Diego and Houston TV markets will help them broker a better deal.   The league will have teams in 13 of the top 50 TV markets, so expanding to include those teams may have been a move for TV more than for competition.  What the Big East may need to consider is tapping into the needs of other networks.  FOX and NBC are expanding their sports’ coverage and seem willing to give the Big East a good deal.  ESPN deals are contingent on the quality of the product, but a deal with NBC or FOX may just rely on whether or not the product exists.  The Big East may need to forget about trying to swoon ESPN, though it includes ABC, and go for a new network. 



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