Originally posted by cafemerald
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NBC makes TV offer official
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Brent Wyrick
92 Final Four Front Row
@LobotC2DFW
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"In the past two years since the Big East turned down ESPN's $1.17 billion offer, the league has had 16 schools either leave or announce they were leaving." Brett McMurphy, Big East, ESPN agree to TV Deal, February 23, 2013.
This quote says it all for me. What on earth were the BEast members thinking when they turned this down?? It is obvious from the outside looking in that rejecting this offer is the reason why the BEast is in the poor state that it is today.
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Originally posted by London 'Cat View Post"In the past two years since the Big East turned down ESPN's $1.17 billion offer, the league has had 16 schools either leave or announce they were leaving." Brett McMurphy, Big East, ESPN agree to TV Deal, February 23, 2013.
This quote says it all for me. What on earth were the BEast members thinking when they turned this down?? It is obvious from the outside looking in that rejecting this offer is the reason why the BEast is in the poor state that it is today.RIP #12 Greg Cook (1946-2012)
Red Rocker
CoB '90 MBA '04
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Originally posted by London 'Cat View Post"In the past two years since the Big East turned down ESPN's $1.17 billion offer, the league has had 16 schools either leave or announce they were leaving." Brett McMurphy, Big East, ESPN agree to TV Deal, February 23, 2013.
This quote says it all for me. What on earth were the BEast members thinking when they turned this down?? It is obvious from the outside looking in that rejecting this offer is the reason why the BEast is in the poor state that it is today.Fire Scott Satterfield
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Originally posted by longtimefan View PostFour schools voted against the offer: Pittsburgh, Syracuse, Louisville, and Georgetown. That was all they needed to reject it.
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Originally posted by London 'Cat View PostOut of sixteen schools, four schools held enough votes to override the other twelve? Or was there a provision in the bylaws for some super-super-majority to approve TV contracts? Doesn't matter now, I suppose. Those left behind have now agreed to a contract worth approximately 10% of the $1B+ offer the conference had two years ago. And, according to McMurphy, the figure could shrink if (when) the non-football schools leave: "The Big East's $10 million figure for the men's basketball season in 2013-14 is based on the seven Catholic schools remaining in the league next season, sources said. If those schools leave the Big East before next year, that figure would be reduced."Fire Scott Satterfield
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I guess the unfortunate part of all this is that NBC was just not that serious about upgrading their cable network. Fox realized that when you are starting out as a new or relativity new competitor against entrenched entities you have to overpay for the content starting out. Fox will overpay for the catholics just to have viable content. NBC, even with the vast resources of Comcast, was not willing to overpay. Making such a low ball offer guaranteed that ESPN would match, just to make sure that the competition did not have the content, not because they wanted the games themselves.Fire Scott Satterfield
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