Big East on the Clock
Posted: Sat Aug 05, 2023 6:03 pm
Figured this was worthy of its own thread, given this past week's realignment tsunami.
The Big East is currently in renewal discussions with Fox (per Ackerman's remarks in March). However, Fox has suddenly gained a plethora of basketball coverage with the Big Ten (especially with adding USC, UCLA, Oregon and Washington) after ending its relationship with ESPN. Despite our outstanding partnership with Fox, and its national coverage and visibility, I think the Big East needs to be prepared for A) fewer slots on Fox and FS1 and B) less than a full projected share (~$8 million) given all that it is spending on the Big Ten. The Big Ten ending the Gavitt Games have also eliminated its on-going annual series, which promoted a long-standing partnership going back to the league's split. I would not expect any charity or extended arms there, as many BE programs already have annual B1G rivalry games (MU/UW, CU/Neb, Hall/Rutgers, GT/Maryland).
With the Big 12 reportedly remaining on the offensive, and the ACC also needing to keep revenues up to existing members, both will have UConn locked in its crosshairs for expansion. Football will remain a question mark for any football-first conference, but the value and brand they bring in basketball is undeniable. UConn, for the first time in a long time, can elect to be selective. They don't need to jump anywhere right now, as the future of the ACC remains uncertain. Big 12 Commissioner, Brett Yormark, a NE sports executive, continues to see the value of a presence in the NE; he also sees the long-term value of splitting the football/basketball rights in order to maximize revenue. Big 12 Basketball is already at the highest levels with Arizona now in tow; adding a UConn (or seeking a Georgetown or Villanova to pair with them), would put them over the edge.
In a long-winded summary, the long-term sustainability and survivability of the Big East is once again at stake. This next TV deal is pivotal for not only the Big East to remain at the big table of college basketball, but also allows each of our schools to compete at the highest levels. Our conference leadership has never been questioned before, nor is it within this post. They are in for a huge challenge, however. I am cautiously optimistic about our next TV deal, especially because our content isn't necessary to command $30-$35 million annually just to keep pase with the SEC and B1G; however, anything short of $8 million annually per member (especially with UConn on-board) would be a disappointment. I would hope that we continue with Fox for a package, and split the remainder with ESPN (possibly with a small package through CBS). Our games need to be on the networks, and if they become relegated to strictly streaming (Apple, ESPN+, etc.), we lose our reach. Given our hub in NYC and strong NE presence, I'm confident we will continue to provide the demand.
We should be in active discussions with Gonzaga (if we aren't already - we are always quiet purposefully on the expansion front) and should look to replace the Gavitt Games with another conference challenge (SEC or ACC). We should also keep our eyes down the road for the possibility of programs like Syracuse, Notre Dame, Pittsburgh, Boston College, Wake Forest or even Duke of joining too. If Stanford can get left out of the college athletics power grouping, anything is possible. I'd be very nervous if I'm an ACC school that isn't in that top revenue-generating grouping.
The Big East is currently in renewal discussions with Fox (per Ackerman's remarks in March). However, Fox has suddenly gained a plethora of basketball coverage with the Big Ten (especially with adding USC, UCLA, Oregon and Washington) after ending its relationship with ESPN. Despite our outstanding partnership with Fox, and its national coverage and visibility, I think the Big East needs to be prepared for A) fewer slots on Fox and FS1 and B) less than a full projected share (~$8 million) given all that it is spending on the Big Ten. The Big Ten ending the Gavitt Games have also eliminated its on-going annual series, which promoted a long-standing partnership going back to the league's split. I would not expect any charity or extended arms there, as many BE programs already have annual B1G rivalry games (MU/UW, CU/Neb, Hall/Rutgers, GT/Maryland).
With the Big 12 reportedly remaining on the offensive, and the ACC also needing to keep revenues up to existing members, both will have UConn locked in its crosshairs for expansion. Football will remain a question mark for any football-first conference, but the value and brand they bring in basketball is undeniable. UConn, for the first time in a long time, can elect to be selective. They don't need to jump anywhere right now, as the future of the ACC remains uncertain. Big 12 Commissioner, Brett Yormark, a NE sports executive, continues to see the value of a presence in the NE; he also sees the long-term value of splitting the football/basketball rights in order to maximize revenue. Big 12 Basketball is already at the highest levels with Arizona now in tow; adding a UConn (or seeking a Georgetown or Villanova to pair with them), would put them over the edge.
In a long-winded summary, the long-term sustainability and survivability of the Big East is once again at stake. This next TV deal is pivotal for not only the Big East to remain at the big table of college basketball, but also allows each of our schools to compete at the highest levels. Our conference leadership has never been questioned before, nor is it within this post. They are in for a huge challenge, however. I am cautiously optimistic about our next TV deal, especially because our content isn't necessary to command $30-$35 million annually just to keep pase with the SEC and B1G; however, anything short of $8 million annually per member (especially with UConn on-board) would be a disappointment. I would hope that we continue with Fox for a package, and split the remainder with ESPN (possibly with a small package through CBS). Our games need to be on the networks, and if they become relegated to strictly streaming (Apple, ESPN+, etc.), we lose our reach. Given our hub in NYC and strong NE presence, I'm confident we will continue to provide the demand.
We should be in active discussions with Gonzaga (if we aren't already - we are always quiet purposefully on the expansion front) and should look to replace the Gavitt Games with another conference challenge (SEC or ACC). We should also keep our eyes down the road for the possibility of programs like Syracuse, Notre Dame, Pittsburgh, Boston College, Wake Forest or even Duke of joining too. If Stanford can get left out of the college athletics power grouping, anything is possible. I'd be very nervous if I'm an ACC school that isn't in that top revenue-generating grouping.