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Update: Pac 12 Gets TV Deal Update and Arizona Briefs their Regents

July 31, 2023
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STILLWATER – Pac-12 commissioner George Kliavkoff met with the conference presidents and athletic directors on Tuesday morning Aug.1 and finally produced some details on a potential new multimedia rights agreement for the conference. The details are sketchy and you would giess all involved were sworn to secrecy but there were details that leaked out. The deal is through Apple Plus and is primarily a streaming deal through subscriptions. Those kind of deal starts out low and the rumored amount, never confirmed, was in the neighborhood of $20-million per school. However, with lots of interest and subscriptions it could blow up to bigger numbers. 

There is still the issue of having the bulk, if not all, of your inventory on streaming and without over the air or cable distribution. That could be very limiting in exposure. 

The only school we know of that met officially after the Pac-12 gathering was Arizona. The meeting was called by the University of Arizona, but the Arizona Board of Regents control Arizona, Arizona State, and Norther Arizona University. 

The meeting was held at 4:30 central time and there was no report on any actions as the majority of the meeting was held in executive session.

Kirby Lee-USA TODAY Sports
The pressure is on Kliavkoff to deliver a good television solution.

The speculation all along before and after Colorado made their decision was that Arizona was leaning toward jumping to the Big 12. University of Arizona President Ribert C. Robbins, has in recent days preached patience with Kliavkoff and has said Arizona would wait on any actions until they heard the television contract details. 

In May the Big 12 paid it’s schools $44-million in annual revenue up the previous year by over $1-million. The ACC paid it’s schools $39,4 million and the Pac-12 paid each school $37-million. The SEC and BIg Ten are numbers one-two in conference revenue.

Big 12 commissioner Brett Yormark jumped ahead of the Pac-12 when he negotiated a six-year extension with the Big 12 television partners ESPN and FOX that will pay the league $31.6-million per school. It also keeps the Big 12 football and basketball games on the two biggest linear sport television networks. 

© Anthony Gruppuso-USA TODAY Sports
Yormark and the Big 12 could be standing taller if he pulls another Pac-12 school.

Kliavkoff and the Pac-12 have failed repeatedly to secure a new television contract, and Pac-12 schools want the conference to get a deal similar to the Big 12's massive six-year extension with ESPN and Fox. The more that looks like an impossibility, the more likely teams are to jump ship from the Pac-12 like Colorado just did.

The Pac-12 schools did agree to meet again on the subject, but by the time they do that the question is will there still be nine member institutions involved.

 

Discussion from...

Update: Pac 12 Gets TV Deal Update and Arizona Briefs their Regents

7,811 Views | 14 Replies | Last: 1 yr ago by RodeoPoke
Joe Khatib
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Kliavkoffs hand has been called! A couple of rumors say the deal will be in the $ 20 to 22 million range that is almost $ 10 to 12 million less than the Big XII deal and over half of it will be streaming!!! If this is true then things will happen fast! The only way they keep Washington and Oregon, the two renewing biggest brands is through UNEQUAL REVENUE SPLITS WHERE OREGON AND WASHINGTON GET IN THE $ 28 to 30 million range out of the other members share! I believe Colorado may have gotten an inkling of this and decided to secure their spot in the Big XII!!!! Interesting Times!
Eddy Hackleman
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It will be interesting to see how this unfolds.
Pistolp
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Media experts are saying the PAC deal will have to be as much as 80%, possibly 100% streaming, as there is one Saturday late night slot left in linear programming and that's about it.

I should have said "traditional" linear tv slots. Apparently, CW network has offered a little money to broadcast a Tuesday and Wednesday night games. CW doesn't have much money to spend, as they committed a LOT of money to stock car racing, so probably not a very attractive $$ deal.
Orangeheart72
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Interesting dynamics with UO and WU, as that means they must think or actually know they have an alternative readily available. So is Big X willing to bail them out or is Big XII willing to add them as temporary members based on Big X waiting in the wings perhaps.
Joe Khatib
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Orangeheart72 said:

Interesting dynamics with UO and WU, as that means they must think or actually know they have an alternative readily available. So is Big X willing to bail them out or is Big XII willing to add them as temporary members based on Big X waiting in the wings perhaps.
Apparently Kevin Warren left a bit of a mess when he exited as BIG Commissioner and this new Commissioner is saying NO MORE BEYOND THE 16 that they currently have UNLESS IT IS NOTRE DAME! I think the BIG is OUT on those two until a new media contract which won't happen until 2031! Oregon isn't an AAU school which seems to carry a huge amount of weight in the BIG!!!
Pistolp
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Several sources reporting the PAC deal is 100% Apple TV. $15 million per school base, then a dollar amount for every subscription Apple TV that also buys the Apple PAC package. It's a low base/commission deal with zero linear media. If this is true, here come all of the 4 corner schools.
Orangeheart72
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Ya, I'm not so sure. I've heard the Big XII's contract with ESPN would require an equal share for every power 5 school we add. And ESPN has financial issues of their own at this point due to media competition, the economy and streaming/cutting cable. It was said Yurmark wants a good working partner relationship, and for ESPN's sake, one more school added may be cost load enough. They may be a big part of decision making.
Pistolp
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Wouldn't that be interesting if ESPN backs off on their original commitment for up to 4 more power 5 schools. Fox is apparently on board with at least one more. We shall see. At this point I'd be happy with one more and a total of 14 teams.
RodeoPoke
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Pistolp said:

Wouldn't that be interesting if ESPN backs off on their original commitment for up to 4 more power 5 schools. Fox is apparently on board with at least one more. We shall see. At this point I'd be happy with one more and a total of 14 teams.
do you have an actual source for FOX agreeing to fund a pro-rata share for any teams, including CU?

I've heard that comment repeated twice now, but nobody can produce a reliable source.

Thanks.
Danny Deck
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It's in this article from Brett McMurphy.

https://www.actionnetwork.com/ncaaf/colorado-leaving-pac-12-to-join-big-12

"In the Big 12's new Grant of Rights, ESPN's contract guaranteed pro-rata the same revenue ($20 million per school annually) if the Big 12 added additional Power 5 schools. FOX was not contractually obligated to match its revenue ($11.7 million per school annually), but the network has agreed to do so if the Big 12 added other Power 5 schools, sources told Action Network.

This guarantees Colorado and any other Power 5 schools moving to the Big 12 a full media rights share of nearly $32 million in the Big 12 starting in 2025, sources said."
RodeoPoke
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Thanks.

I suppose that is about as official as we'll ever get.

It will be interesting to see how much "other money" (non media rights) we will lose with the addition of these teams.

We'll get a good look this year with 14 teams in the league.

any guesses on how many B12 teams make the big dance this year? Or how many bowl games?

Does our B12 Now revenue also drop (ESPN+)?

(I don't think we can assume that if the league goes from 10 teams to 14 teams that the same percentage of league teams will be invited to the post season).
Danny Deck
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The Big 10 and SEC had 10 and 11 teams bowl eligible last year. I would expect the Big 12 to be in that range. I doubt any are CFP teams personally, but who knows.

RodeoPoke
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Danny Deck said:

The Big 10 and SEC had 10 and 11 teams bowl eligible last year. I would expect the Big 12 to be in that range. I doubt any are CFP teams personally, but who knows.


Their bowl records were 5-4 and 6-5 (9 B1G and 11 SEC teams in bowls), both had 14 teams in the league

B12 was 2-6 (8 bowls), with only 10 teams in the league. and mostly because we had a playoff team.

I'm not sure which bowls might be available to us (we're adding the Independence bowl in 2025)

so we had 80% bowl participation last year, while the B1G had 64%, the SEC 78%

We'll have 14 teams this year, I think we'll be closer to the B1G range, or worse.... which, of course, means that we're falling further behind with every team we add to the league.

We should probably do the Basketball math too, because it is likely even worse for us.

RodeoPoke
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Oregon and Washington both reportedly (Athletic) accepting offers to the B1G as I type...

so it seems likely that AZ, ASU and Utah would all accept B12 offers.

The 4 remaining PAC schools will need to merge with the MT West or some such....

WOW - that happened fast
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