Huge Windfall for the Big East

New Media Rights deal…Lowballed Again.

Hmmm. Almost Doubled revenues, but Still a lowballed contract.

Re: New TV rights deal

Andrei Greska’s article from August 2022 – Marquette’s Paint Touches Blog
https://painttouches.com/2022/08/26/wha … hts-worth/

This is the August 2022 original, complete article.
An in-depth breakdown of the projected value of Big East basketball.
Compares to similarly venued sports,
Compares similarly attended sports (soccer/F1)
Compares to P4, compares to AAC, etc.
New recent deals averaged 150% up to 177% increases in TV revenues.
For the BEast such increases equal 150%=$100Mill/yr; 177%=$125M/yr

Bottom line his charts indicate the present value of Big East hoops is $100 Million/year.
He took the position that the conference will ‘settle‘ for $80 Million/year. Spot on.

Sooo…Yes! We got lowballed…again. Even with the ‘almost’ doubling the previous contract.

We settled for $480 Million over 6 years, ($80 mill/yr). $7.3($7.27) Mill/school/yr.
Using Greska’s figures the BE’s actual value is $600 Million over 6 years, ($100 Mill/yr). $9.1($9.09) Mill/school/yr

Greska’s 2year old work is spot on. Way to go Andrei.