TV deal will help Texas, others break the bank
June 15, 2010 9:18 AM
According to sources, Texas, Oklahoma and Texas A&M will be guaranteed $20 million per year, while the seven remaining schools will collect between $14 million and $17 million in TV revenue in combined deals with ABC/ESPN and Fox.
Both networks stepped forward and averted what could have been complete chaos in college realignment by putting forth a combined package that will push the Big 12 from a $78 million take in annual TV revenue to just less than $200 million, sources say.
And while this deal will be remembered for holding rivals like Texas, Texas A&M and OU together. It will also be remembered for two TV networks stepping up and paying a premium dollar to ward off expansion - probably for at least another 15 years.
Orangebloods.com
Both networks stepped forward and averted what could have been complete chaos in college realignment by putting forth a combined package that will push the Big 12 from a $78 million take in annual TV revenue to just less than $200 million, sources say.
And while this deal will be remembered for holding rivals like Texas, Texas A&M and OU together. It will also be remembered for two TV networks stepping up and paying a premium dollar to ward off expansion - probably for at least another 15 years.
Orangebloods.com
Filed under: Big Ten Expansion
