As some of you may have heard, the ACC seems to have done very well for itself, according to the Sports Business Journal.
It is reporting that ESPN has purchased the ACC’s TV rights for football and men’s basketball for $1.86 billion over 12 years. Yep, that said billion. The ACC has not come out and publicly said a deal is done. Neither has the Worldwide Leader, which isn’t normally modest about such things. The deal picks up in 2012 and lasts through the 2022-23 seasons.
The increase from the ACC’s current contract is substantial: $80 million a year more to $155 million. To compare, SEC schools split $205 million a year in its deal with ESPN. So, factoring in the share the conference offices receive, each school in the ACC will pocket $11.92 million a year compared to the SEC’s $15.77 million.
Drilling a bit further down, Tech will be pocketing $6 million and a few pennies more each year.
Again, all of this is based on the numbers being in the ballpark.
Now, you may ask a few questions:
Does this mean the super-conference talk is dead?
Does this mean Tech won’t be joining the Big Ten or SEC?
Does this mean Tech will be adding sports? Moving ahead on construction projects?
I don’t think there was much to it other than “boys and their toys” in the first place.
I don’t think this was anything more than filling air time.
Doubt it, but that’s based on nothing other than what I would do if I were coming into new money. Remember Tech has more than $100 million in debt that it plans on refinancing in 2012 and then paying down.