Is this the "total" B12 revenue deal, or is this just part of it? If it is I understand that this is a substantial increase, but seems small in comparo to the SEC and B10 deals. Just trying to clarify here.
This is the secondary package. The football games that aren't on the 2:30 ABC spot or ESPN primetime or any of the basketball games that are on ESPN/ABC.
The Big XII was making $20 mill per year on the secondary stuff and $60 mill per year for the "Tier 1" games. Will now make $90 mill per year on the secondary games but still $60 mill on the Tier 1. The Tier 1 contract expires after 2015-2016 and will obviously go for a lot more than either $60 or $90 million when it is redone. Around $300 million seems reasonable for the next Tier 1 contract, but maybe more by then.
For comparison, the ACC signed a deal last May for all football and basketball with ESPN for 12 years at $155 million per year. They were giddy because they were at $65 million before that. The Big XII was at $80 million ($20 for secondary+$60 for Tier 1). The SEC has a 15 year deal that started in 2009 for $205 million per year. Both of those conferences split the money between 12 teams.
What today signaled is that the Big XII will make $150 million in 2012-2016 and then possibly somewhere in the $400 million range after that. Certainly way more that $205 million. And that is split between 10 teams.
This is a big deal.