Foxsports looks into the LHN

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Given that ESPN has guaranteed Texas in the neighborhood of $15 million a year and the costs to launch and run the network were substantial, this also means ESPN has lost money every year the Longhorn Network has existed. Those losses likely run into the tens of millions of dollars so far. And while the Longhorns were guaranteed a payment that averages $15 million a year and ESPN isn't bouncing checks, the rumored millions of additional dollars that could materialize from a successful network are not ever going to arrive.

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Unfortunately for Texas, the SEC Network is in 69 million paying homes. The Big Ten Network is in 62 million paying homes. And all of those subscribers are paying a lot more than a quarter a year to the conferences.

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Indeed, the biggest irony of the Longhorn Network is this: In deciding to create its own channel, Texas made much more money for two Big 12 schools that left for the SEC -- Texas A&M and Missouri -- than it's going to make for itself. That's because both Texas A&M and Missouri stand to make much more money off the SEC Network than Texas will ever make off the Longhorn Network. Nebraska, in the Big Ten, will also be making more television money than Texas.

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(Nationwide the SEC Network, on pace to do nearly $550 million in revenue this year, makes nearly 22 times as much money a month as the Longhorn Network.)

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As if that weren't enough, the Longhorn Network also killed the Big 12's chances of following in the footsteps of the Big Ten, the Pac-12 and the SEC and forming its own network -- meaning, you guessed it, the Longhorn Network likely costs the other nine members of the Big 12 hundreds of millions of additional dollars over the life of its existence. All so Texas can reap the "benefits" of its own "national" network.

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