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B1G Media Deal Announcement

Merkules79

Merkules79

Red Shirt
15 Year Member
Per Sharp and Benning this morning, B1G Media Deal being announced within the next hour or two.

Looks like the Notre Dame saga, or even adding more teams for that matter will wait for now.
 

Sirius XM mentioned about an hour ago that initial word this am was that CBS is paying $370M+ for just the 2nd Tier games.
This package will be a huge deal.
 



Ok so they say this covers all sports to include basketball and volleyball. When comparing this deal to say the SEC…..is their deal just football? Is this really comparing apples to apples?
 




The long-awaited Big Ten media rights deal is now official and, as anticipated, it is a revenue geyser: a seven-year agreement with multiple broadcast partners worth more than $7 billion plus escalators, sources told Sports Illustrated. The back-loaded deal, which begins in 2023, averages out to more than $1 billion annually.

The agreement with Fox, CBS and NBC comes with this caveat from a Big Ten source: “We are not done expanding.”

Here's the breakdown by network. It's all covered on traditional cable, save for Peacock, which will carry 8 football games per year. I'm not too concerned about it, but there's an off-chance that future NU games against clunker non-conference teams could be one of those eight games. Over the next several years, our future non-cons include Louisiana Tech, Northern Illinois, UTEP, Akron, North Dakota and State Dakota State,

NetworkFootballMen's BasketballOther
FOX / FSN*24-27 games in 2023-24
*30-32 games per year after		*45 games in 2023-24
*No B1G Tourn. games		*Option for Women BB and other Olympic sports
BTN*38-41 games in 2023-24
*Up to max 50 games after		*Min. 126 games annually
*Includes 8 B1G Tourn.		*Minimum 49 Women BB games
*primary source for Olympic sports
NBC*16 games in 2023-24
*14-15 games per year after, including one B1G CCG
Peacock (NBC streaming)*8 games per year*32 games in 2023-24
*47 games per year after		*30 Women BB games per year
CBS*7 games in 2023-24
*14-15 games per year after, including two B1G CCGs		*9-11 games in 2023-24
*15 games per year after, including semi-finals and final game of B1G Tourn.		*Women BB Tourn. title game.
 
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So averaging $62M per year. That's not quite as spectacular as the numbers that were getting tossed around, and from the sounds of it about what ND is going to get from NBC.
 



BigRedAvenger said:
So averaging $62M per year. That's not quite as spectacular as the numbers that were getting tossed around, and from the sounds of it about what ND is going to get from NBC.
Click to expand...

Yes, but there appear to be financial accelerators in the deal so that number could grow larger. I'm still reading up on it, but I wouldn't close the door on the Big Ten snatching up more teams.
 
Some highlights:

  • CBS, starting in 2024, will replace the SEC game of the week (3:3pm ET) with a B1G game.
  • Starting in 2023, NBC will launch “Big Ten Saturday Night” in prime time.
  • For some games, there were be a "draft" between FOX, CBS, and NBC, with each getting first pick in different weeks.
  • B1G Kevin modeled the media package after NFL Sunday, with three marquee matchups split across three different networks. Football starts at noon and runs until nearly midnight.
  • Brett McMurphy is saying the deal will start at $7-8b, but escalators could bring it up to $10b. He's also said that the B1G still has an interest in Oregon, Washington, Cal, Stanford, Miami, and Florida State.
 

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