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re: The SEC Officially Has the Best Network Deal
Posted on 5/6/13 at 4:51 pm to cardboardboxer
Posted on 5/6/13 at 4:51 pm to cardboardboxer
quote:
Means espn also gets to decide what goes on.
Actually, it looks like ESPN and the SEC will equally decide on programming:
quote:
5. Who decides the content?
There's a content board with four members from the SEC and four members from ESPN.
Commissioner Slive told me there was a substantial negotiating issue over who breaks the tie votes. (My guess is it's the SEC, but that's just a guess). The four members at ESPN and the four members from the SEC have not yet been decided, but Slive told me that he would certainly be one of the SEC's members. Assume that ESPN's Justin Connolly will be one member as well. The other members remain to be determined.
The content board will be the individuals who actually make decisions about what programming the network carries.
LINK
So, basically, the SEC assumes no risk, gets half of all profits, and has an equal say on programming. In addition, ESPN and the SEC have agreed on a minimum payout that the SEC will get until the network really takes off. There really isn't much else about the deal that could be more favorable for the SEC.
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Posted on 5/6/13 at 4:53 pm to StrickAggie06
quote:
There really isn't much else about the deal that could be more favorable for the SEC.
They could be nice and bundle the LHN with it so the Big WTF lasts forever.
Posted on 5/6/13 at 5:38 pm to StrickAggie06
quote:
So, basically, the SEC assumes no risk, gets half of all profits, and has an equal say on programming. In addition, ESPN and the SEC have agreed on a minimum payout that the SEC will get until the network really takes off. There really isn't much else about the deal that could be more favorable for the SEC.
That's my feelings as well. When they first announced it, I thought, well, that's putting quite a bit of faith in ESPN and not being able to reap any benefits of growth (via profits) is a definite negative vs. the Pac and B1G. But it looks like the SEC gets the benefit of having the best entertainer in sports production do all the work, still have a say in your branding, assume no risk AND have a stake in the growth of the network.
Sounds like a big win with this new information. Devil is always in the details, of course, but I was sort of meh after the announcement to be honest.
Posted on 5/6/13 at 8:25 pm to cardboardboxer
quote:
Bonus points if you threaten to teabag the manager or kill his wife's trees if he doesn't comply. Time to show these cable folks how SEC people roll.
Posted on 5/6/13 at 8:58 pm to cardboardboxer
The mothership
Posted on 5/6/13 at 9:47 pm to StrickAggie06
Does anyone know how BTN got off the ground financially? I assumed the schools had to write a check to cover 51% of the start-up costs and the SEC schools are avoiding that by letting ESPN own the whole thing.
Posted on 5/6/13 at 10:28 pm to lsu711
I believe a portion of each member school's total yearly TV/Bowl games/NCAA tourney revenues were withheld one year to cover the start up costs, but I'm not positive.
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