SEC To Earn Average Of $55M Annually From CBS Rights Deal
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SEC To Earn $55M Annually On Average
From Recently Renewed 15-Year CBS Deal |
The SEC will earn an average of $55M annually from its 15-year-deal with CBS, under which the net maintains TV rights for the conference's basketball and football games, according to industry sources cited by Ourand & Smith of SPORTSBUSINESS JOURNAL. Sources said that on the front end, the deal is "expected to pay the SEC about $50[M] a year and increase each year to a high of $60[M] by the end of the term." The financials represent "about twice the value of the previous eight-year contract between the network and the conference, which is set to expire at the end" of the '08-09 season (SPORTSBUSINESS JOURNAL, 8/18 issue). In Atlanta, Tony Barnhart wrote the deal "seals Mike Slive's legacy as SEC commissioner." With this partnership, and with "deals that will follow from ESPN and others, this conference proved once and for all that it is 'the gold standard of college athletics' as CBS [Exec VP/Programming] Mike Aresco put it." The deal also means there "will not be an SEC TV network." Barnhart: "I have no inside information but I don't believe it will happen for one reason: The SEC doesn't need it now" (AJC.com, 8/15). Meanwhile, in Nashville, Joe Biddle writes when Slive steps down, "look for longtime right hand man" SEC Exec Associate Commissioner Mark Womack to "get the job." Womack was "instrumental in the CBS negotiations" (Nashville TENNESSEAN, 8/17).
OLD COLLEGE TRY: In Raleigh, J.P. Giglio wrote there should be "more marquee in-season" college football games, in a setup called the "BCS Challenge," which would pit two teams from each of the six BCS conferences. The six games would be played in the "first two weekends of the season." Giglio: "The sport wins. ... TV wins." Ohio State Univ. (OSU) AD Gene Smith said of the proposal, "That's a great idea, but ... the execution might be a problem. Football scheduling is complicated." College football schedules are done "three, five and 10 years in advance." This season's OSU-USC game was scheduled in '96. Oklahoma AD Joe Castiglione: "There's a lot of luck involved in scheduling. You just can't predict what will happen five or 10 years down the road." ESPN Senior VP/College Sports Programming Burke Magnus, who has helped with college basketball's ACC-Big Ten Challenge, said of the idea, "That would make the basketball schedule look easy in comparison. If we could translate the same logic of basketball to football and the end result was a really meaningful competition, absolutely we'd be interested." Atlanta Sports Council President Gary Stokan, whose organization is hosting next week's Clemson-Alabama game at the Georgia Dome, indicated that he would "be willing to stage three games in Atlanta on the opening weekend -- on Thursday, Saturday and Monday nights -- and create the 'Daytona 500 of college football'" (Raleigh NEWS & OBSERVER, 8/17).
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