Had a Great Vacation and a nice nap…

On By @gtmoblueIn college basketball 365

Queedly, queedly, queet…Jays are queedling again-Must be August.

Just been idling around enjoying the summer, late 2024 recruiting updates, picnics, and watermelon with my better half. But the party’s over…as Luther used to say: It’s over now! Time to git back at it – back to the grind baby!

Courtesy Disney Corp

Are u gonna be, say you’re gonna be…Still in Loveeee…still in love with my Jays! (apologies to Mr. Vandross)

Well folks…here we go again. It’s August and ol’ Git is just warmin’ up. Burning the midnite oil churning over these damn keys. Looking at all the early preseason prognostications and charts, Katz, Kenpom, Torvik, even ol’ Parrish, Goodman, & Dauster (go figure)! For some damn reason I feel reinvigorated by my extended vacation and the Jays returnees, transfers, and one helluva incoming frosh class.

Hell, I may even return to weekly posts! Be that as it may, my baby is in delivery.

I’m workin’ and my 17th Annual – gtmo’s Ridiculously Predictable, (not so) Preposterous, Preseason Predictions – 2024/25 Edition – is on the stove and cookin’ baby. Check back on the 15th @ 12:00 Noon Eastern.

Shoutout to the Holyland of Hoops: The Vatican of Big East Hoops! Shoutout to @Creightakes , @larrygetbuckets , @whiteandbluereview , @samfunches , LJay, Outlaw (Josey) Wales, ChicagoJay, Vivid, MattyD, the Sheriff, Brody Deron, XUdash, JP Smack, Kmacker69, WizardofWestroads, Novachap & the minions of Radnor, and the rest of the gang.

… And I can feel it coming in the air tonight, oh Lord
Well, I’ve been waiting for this moment for all my life, oh Lord
I can feel it in the air tonight
Oh Lord, oh Lord… -Phil Collins

McAndrews

Huge Windfall for the Big East

On By @gtmoblueIn college basketball 365

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.

  • $500 M, over 6 yrs (rather than 12)-= $83.3M/yr Div by 11= $7.6M/school/yr.
  • $600M over 6 yrs = $100</yr. $100M div by 11 = $9.1M/school/yr.
  • $700M over 6 yrs = $116.7M/yr. $116.7M div by 11 = $10.6/school/yr.
  • $800M over 6 yrs = $133.3M/year. $133.3M div by 11= $12.1M/school/yr.
  • $900M over 6 yrs = $150M/yr…div by 11 = $13.6M/school/yr.
  • $1B over 6 yrs = S166.6M/yr. $166.6M div by 11 = $15.2M/school/yr.