ACC, Maryland reach $31 million settlement in lawsuit

[Atticus]

Big Ten media revenue per school, including the BTN with a new deal looming:  $24.6mm

ACC media revenue per school with a new deal inked: $12.9mm

At $11.7mm more per year, Maryland is better off in three years+ tops, just on media, after considering the settlement.

As we discussed, for some of these school like with WVU, the fear of being left behind was greater than the long-term financial benefit, after considering their payout.  Slam dunk decision for Maryland.

Your ACC number is way off.i think it's around 17-18M

[Dr. Blackheart]

Your ACC number is way off.i think it's around 17-18M

The new deal that the ACC signed with ESPN when Maryland made their decision soon after the deal was inked was for $12.9mm in 2011 but it escalated with the moving parts and adds after (to keep the conference from falling apart with Maryland's exit --remember, GA Tech and UNC were also rumored on the way out to the B1G, and Miami and FSU were rumored to the SEC.  Yes, it went up after the movement after, but for analysis, you have to compare back so it is apples to apples.

http://www.newsobserver.com/2012/05/10/2054760/acc-espn-agree-on-36-billion-tv.html

[Atticus]

The new deal that the ACC signed with ESPN when Maryland made their decision soon after was $12.9mm in 2011 but it escalated with the moving parts and adds after to keep the conference from falling apart with Maryland's exit (remember, GA Tech and UNC were also rumored on the way out to the B1G, and Miami and FSU were rumored to the SEC).  Yes, it went up after the movement after.

http://www.newsobserver.com/2012/05/10/2054760/acc-espn-agree-on-36-billion-tv.html

Yes. And GTechs booster club announced that their payout this summer was just under 23M (TV, NCAA credits and bowl money).

[GGGG]

Yes. And GTechs booster club announced that their payout this summer was just under 23M (TV, NCAA credits and bowl money).

The new B10 deal will be at least $10M more annually.

[Atticus]

I'm not convinced.  Money?  My understanding is that the big East is currently getting the most TV money for men's basketball of any conference, at least until the Big Ten and SEC cable packages kick in big dollars.

Prestige?  We just had a great year.  We finished in the top half of the bottom half of the ACC for the third straight year!

A seat at the table?  It'd be a kind of "children should be seen and not heard" kind of seat, wouldn't it?

On the other hand, there would be the allure of the occasional road trip to Blacksburg.

The ACC's tv contract for basketball is estimated to be worth $5M per team. That's higher than the BE. Plus, the ACCs contract was renegotiated. The BE's contract hit the open market. Big difference

[Dr. Blackheart]

Yes. And GTechs booster club announced that their payout this summer was just under 23M (TV, NCAA credits and bowl money).

In the B1G, Maryland's incremental credits and bowl revenue, are at worst equal but most likely higher than than that, so zero sum game or higher in their decision process. Not only that, but the ACC bowl selection is worse overall...while most lower tier bowls are not profitable to start with (ticket guarantees, travels costs, ND getting higher ACC bowl picks). Add in the upcoming B1G media deal, the jump decision was an easy one.  

The legal wrangling over the past few years was to reduce their exit fee from $52.2 to $31.4mm. The Terps won hook, line and sinker.  I am sure GTech would have made the same decision if the exit fee debate was not hanging out there.

[GGGG]

The ACC's tv contract for basketball is estimated to be worth $5M per team. That's higher than the BE. Plus, the ACCs contract was renegotiated. The BE's contract hit the open market. Big difference

Just curious...where have you seen a breakdown between the basketball contract and the rest of their television rights?

[Dawson Rental]

Just curious...where have you seen a breakdown between the basketball contract and the rest of their television rights?

Two days and counting, Atticus.