Fox Sports will sell for Big East
Days before Fox Sports produced the first game in its 12-year, $600 million relationship last week with the Big East Conference, the two signed an integrated sales partnership.
The two-year deal will have Fox Sports sell and market all corporate sponsorships around the Big East, including a presenting sponsorship for the entire conference. Fox will make these sales pitches in addition to selling ad time around game inventory on Fox Sports 1.
Other conferences and networks have similar deals, such as the SEC and ESPN.
|Fox Sports’ Larry Jones: “This is a great opportunity to break the traditional mold.”
Fox’s ad sales team, led by Neil Mulcahy, executive vice president of advertising sales, will sell everything from presenting sponsorships for the entire conference to advertising time for the media company’s Big East telecasts.
Fox is reporting a robust ad sales market for its slate of Big East men’s basketball games. The regular season is virtually sold out, and the Big East Tournament already is 70 percent sold. Plus, Fox says it is close to closing “several” presenting sponsorships.
Fox’s ability to “hit the ground running” was a main reason why the Big East did this deal, said Val Ackerman, who was named the conference’s commissioner just four months ago. With the Fox deal, Ackerman said the Big East does not need a corporate sales team, and it’s not holding back any inventory for the conference to sell.
“We’re new and are still staffing up and building infrastructure,” she said. “This is not just a basketball deal. They share our determination to promote and maximize the commercial opportunities with all of our sports.”
|Creighton is one of three new Big East members this season.
Fox’s sales staff will pitch everything from ad buys on TV and official conference sponsorships to Big East Tournament sponsors and use of marks in the same conversations with potential sponsors.
If successful, Fox Sports executives believe this could produce the template for future deals with other conferences.
“My sales group is very optimistic about this,” Jones said. “They feel, based on conversations that they’ve had in the marketplace, that this is going to be very well-received. And if it is well-received, it does set a precedent to potentially do it in other situations.”
About two years ago, Fox set up a partnership to manage the University of Southern California’s multimedia rights through USC Sports Properties. Unlike Fox’s Big East deal, the USC partnership does not sell television inventory, as that is handled by the conference’s partner networks. But Jones cited the success of USC Sports Properties in selling sponsorships as something that gave Fox confidence in cutting the Big East deal.
“It gave us a little bit of experience in terms of selling sponsorships,” he said. “In this situation, there potentially will be deals where we’ll sell sponsorships without media. But clearly, the more integrated sponsor packages is what the conference is looking at as the primary source of revenue.”