John F. Silver
Here’s the pertinent info, and it’s an offer that is remarkably lower than what schools anticipated.
Two people familiar with the deal say the Big East is closing in on a six-year contract with NBC Sports Network for football and basketball rights that will pay the conference about $20 million per year.
The people spoke to The Associated Press on condition of anonymity because negotiations weren’t being made public.
One person said the deal would likely be announced within the next two weeks. The Big East first has to go through the process of allowing ESPN, which currently holds the conference’s football TV rights, to match the offer.
ESPN.com first reported the network’s offer to the Big East.
The AP is saying that the deal will play the 11 or 12 team league around $2 million per year per team. That’s a stunningly low number for UConn athletics, which was part of the Big East that turned down $13 million per year two years ago before realignment gutted the league.
The Catholic school breakaways are reportedly mulling offers that would bring in $5 million per year, dwarfing what the Big East teams that remain get. The C7 don’t even play football and are doubling what the left over Big East teams get.
UConn would receive roughly $2 million for its men’s basketball and football teams while its women’s program brings in $1.14 million per year in television through its partnership with SNY.
It’s devastating turn of events for UConn, which will see its television revenue evaporate in this new contract if it remains in the league.