Big10 looking at $1 BILLION PER YEAR media rights

B1G Deal

Hoping to have a new deal in place by Memorial Day. Deal means about $71 million per year for each member. Here we sit with the ACC deal of $4.8 billion over 20 years, or about $17 million per year per member and it's set until 2036. I don't know what it would take to break the current deal, but the ACC better get to figuring and figure quick before the conference is too far behind to matter.

EDIT: I did a little more digging and found this summary from last year of all the conferences TV deals. Looks like Notre Dame is going to join us in the laggards category at around $15 million per year. Now is the time to push them to become full members and renegotiate the TV rights.

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Comments

With this info can we please please please stop asking why Murland left the ACC?

To you from failing hands we throw
The torch; be yours to hold it high.
@BuryHokie #ThanksFrank

We always knew why they left.

$$$

There's still a lot of peeps around Murland that hate the move and don't understand it...which doesn't surprise me much honestly.

To you from failing hands we throw
The torch; be yours to hold it high.
@BuryHokie #ThanksFrank

They get paid to be a doormat to the Big 10, who just wanted a Big 10 presence in that region and broadcast area.

All true.

But Maryland left for the money because they almost had to leave for the money.

Only response:

Sorry for the edits, first info I found on our deal was and article on an extension. Minor difference in the amount and still puts us at 25% of the Big Ten. I like the geographic footprint of the ACC, but with deals like these, it's time to go wherever the money is. Tech can't compete like this.

I am not sure what to do with my hands now

I hate to be this guy but I'm almost convinced the ACC didn't care, they knew their favorite schools in Carolina were self sufficient and didn't need the extra money so they didn't try.

I also at this point don't think the B1G or SEC would sniff us, we don't have a huge endowment, or massive budget and they're probably not interested in adding another Vandy or Rutgers. So here we are hoping Jim Phillips is working his ass off (which given his accomplishments at Northwestern I'd say he is)

adding another Vandy or Rutgers

we're neither Vandy nor Rutgers

"Why gobble gobble chumps asks such good questions, I will never know." - TheFifthFuller

You're right they have national championships and massive endowments

Rutgers is approx $1.98bil
VT's is approx $1.34bil

Vandy's is approx $6.3bil

To you from failing hands we throw
The torch; be yours to hold it high.
@BuryHokie #ThanksFrank

Tony Soprano really let them down.

Amateur superstar and idiot extraordinaire.

I hate to be this guy but I'm almost convinced the ACC didn't care, they knew their favorite schools in Carolina were self sufficient and didn't need the extra money so they didn't try.

I don't think they 'didn't care' - I think they just incorrectly forecasted the future, not unlike blockbuster, kodak, myspace, etc. But the result is the same.

I also at this point don't think the B1G or SEC would sniff us, we don't have a huge endowment, or massive budget and they're probably not interested in adding another Vandy or Rutgers.

I don't think we're vandy or Rutgers, but I also believe the strategy has changed from the last (major) round of realignment (2011). I think we're a valuable asset, but not valuable enough to grow the pie for all the of the other 14-16 teams).

Twitter me

Agreed on the strategy changing. We missed our opportunity to jump to the SEC in 2011. Back then, geography mattered due to television eyeballs. But with the decline in cable, the model has shifted to creating the best content. Now future expansion will be on creating the most compelling matchups from big brands/winning programs. A decade of mediocrity in football has really hurt our value in the eyes of the SEC/Big Ten IMO.

I really hope the ACC can figure something out. At a minimum, divisions need to be scrapped in football to get a better slate of conference games each year. Beyond that though, there just isn't a ton of strong football brands in the conference. Long term there is no way we are going to be able to compete in the revenue sports with NIL and tv dollars getting absolutely insane.

OT (but relevant to your point): Blockbuster had the opportunity to buy Netflix for $50M in 2000 and declined. Netflix's current Market Cap is now $88B. That's bananas.

I don't think ACC was ever the kingpin Blockbuster was, but like Blockbuster their leaders do relish in their past a bit too much. They think their brand name should be enough, but brand names never survive long term without constant innovation and rebranding.

πŸ¦ƒ πŸ¦ƒ πŸ¦ƒ

Netflix had a great documentary called The Last Blockbuster or something.
With regards to passing on the opportunity to buy, it was really the result of poor leadership leading up to that time. They had actually stretched Blockbuster too thin financially to be able to make the purchase. In addition to that, Blockbuster was poised to launch their own similar service when the bottom fell out.

Jim Phillips certainly has a massive job in front of him.

Did anyone see the mini 30 for 30 on Swofford on ACCN? I've never seen a person fall so far upwards.

Tech can't compete like this

FTFY. People aren't going to like to hear this but VT doesn't have the big money donors who are going to drop the money on NIL deals that will allow VT to compete. TV revenue and what it brings (facilities, coaching salaries, etc.) isn't going to bring the players in the future.

Eh, donors have been stepping up in a really big way lately. It does seem like VT fundraising/donors had a come-to-jesus-moment between the Fuente/Baylor Fiasco and Now where everyone admitted it was time to invest in recruiting (and the staff to support it).

I also don't think NIL will stay this way for long. I think (1) the market will normalize, and (2) we'll see some sort of regulation.

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Donors have stepped up with improving facilities and fulfilling the scholarship fund (which frees up money for other staff), but I don't think they are willing to pay the players directly through NIL.

I am not as optimistic that NIL will be regulated in the near future. I think it will take 10 years before whatever powers that be (NCAA, CFP, some super conference entity) determine that there is a problem and how to fix it.

Definitely going to be interesting to see how this evolves.

Donors have stepped up with improving facilities and fulfilling the scholarship fund (which frees up money for other staff), but I don't think they are willing to pay the players directly through NIL.

It's tough to say - we have three collectives aligned with VT, but without knowing what types of deals kids are getting, I don't know if we're competitive or not. Whit did recently mention that NIL comes up weekly in his meetings with CBP, so it's definitely top of mind for them.

I am not as optimistic that NIL will be regulated in the near future. I think it will take 10 years before whatever powers that be (NCAA, CFP, some super conference entity) determine that there is a problem and how to fix it.

If a governing body decides to regulate, I think it will happen in the next year.

But, I do think the market will come down to earth. Just wait until multiple recruits on a multi-million dollar NIL deal busts. People aren't going to spend $3m on a 2nd string wide receiver.

Twitter me

The ACC was brilliant for giving ND the best Olympic sports to park their teams in and our bowl pecking order in exchange for that massive TV bump we are going to get from the ACCN/Espn. What a great deal for the ACC. lol

But profit sharing with players just isn't feasible

I just sit on my couch and b*tch. - HokieChemE2016

The sooner the ACC dissolves the better.

Yeah no shot, we'd be dead in the water without a conference. The SEC is not as far ahead as people think (yet, Texas and OU could change that). But when it comes to money and viewership I will take the ever growing East Coast over the deep south, in the very long term. Gotta hold on and still compete on the field while all this NIL stuff blows up.

What the SEC has right now is fan commitment and a culture that prioritizes football over all else. But I believe/hope that eventually that just won't be enough to compete with the population centers/$$$ on the east coast

The SEC is not as far ahead as people think

when it comes to money and viewership I will take the ever growing East Coast over the deep south

The SEC (and B10) have the most compelling matchups, year in, year out.

All this to say - if the ACC wants more money, we shouldn't rely on a greater population. We need better teams and thus better match ups. We need VT, Miami, FSU, and Clemson to win the majority of OOC games, including a handful of big ones. We need our middle-of-the-pack programs (BC, NC State, GT,) to beat all the G5/FCS teams they play.

The ACC has a bad TV deal (1) due to lack of urgency from the previous leadership and (2) lack of compelling games/competition.

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Do Notre Dame is the catalyst. They have to see the place at which the conferences are pulling away from them. They need to renegotiate their deal as well, do they try to do it on their own again or would they benefit more from joining full time. And if they decide to go full conference would the Big Ten take them, I think they would without a doubt.

I am not sure what to do with my hands now

All depends on the new playoff situation... If we get the previously proposed 12 team playoff, there is no incentive for them to join a conference.

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ND has no choice if they decide to join a conference it has to be the ACC for the next decade plus.

Wet stuff on the red stuff.

Join us in the Key Players Club

Do you have faith in the ACC to be able to enforce that?

Yes because without it every school in the conference will lose millions of dollars.

Wet stuff on the red stuff.

Join us in the Key Players Club

1. NBC needs content, so ND will name their price. 2. If NBC wants out of the game, Fox will give ND their price. 3. Yes the B1G will take them. 4. They will never join the ACC for football.... and 5. They have not won a major bowl game since 1993.

This kiind of income disparity is making college football much less interesting for me. What's the point of getting invested in a team that has such an uphill climb to compete for a championship?

If you're not sure if my comment warrants a "/s", it probably does.

To enjoy football and cheer on VT? I mean I don't think we are any closer or further away from a championship than any point in the history of VT football other than a brief period in 2000 when our starters showed they could play with FSUs. Then their backups came in and we were too tired.

You might be right, but it sure felt a whole hell of a lot different in those days.

Is coronavirus over yet?

Yeah, but some of those years it just felt like life was sucked out of campus for a single loss. The years when we thought 8 wins would be fantastic and end up with 10 were always the best years.

2004 is still my favorite football season. No one, not a single soul thought we could compete with USC, or win the ACC, and we did both.

TKPhi Damn Proud
BSME 2009

I thought we'd be 2nd to Miami in football and 5th behind Unc, Duke and Wake.

We beat Miami and lots to GT (basketball)

I was wrong about 2 games. The ACC was a weak conference.

That team was amazing. For that game we flew back from SoCal with my USC business partner and rented a box. We had 10 USC and 10 VT in the box and it was crazy fun. That PI call though... geez.