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May 9, 2012

Money Matters



Oh man, I have a freaking enormous REALIGNMAGEDDON piece brewing for you guys right now, for those few of you who enjoy that kind of thing.

But for the time being, just this: Two huge pieces of news that broke today.


No pay increase, but a $500K bonus for 2014. I think it’s a pretty good deal for UVA.

It also shows that Bennett is committed to staying at UVA. Of course, if/when Bo Ryan retires and Wisconsin comes calling, it could still be a battle to keep Bennett. It's a battle I think we can win.


Extension Increases Value with Sponsorship Rights; More Basketball, Football and Olympic Sport Games

The numbers bandied about are $3.6 billion total and an average of $17 million per school per year.  That's up from $12 million per year per school under the old deal.  Good stuff.

Food for thought: Notre Dame receives an average of $15 million per year from its deal with NBC.  Think ESPN might want to increase its ACC deal by ~15% in order to accommodate Notre Dame and another school (Penn State? Rutgers? UConn?) joining the conference as its 15th and 16th teams?  I think they'd be willing to go way above a 15% increase.

This also likely means there'll be more ACC baseball on TV.  Always a good thing.

The bottom line is that the ACC is cementing itself with a media partner, and it's a solid, stable, long-term partnership.  Bristol is a powerful ally in the world of sports, which goes without saying.

Here's the press release:

ESPN and the Atlantic Coast Conference (ACC) have announced an extension to their exclusive agreement through 2026-27 which will now feature several new elements designed to bring added value to ESPN and ACC fans, including more title sponsorship rights, more men’s regular-season and conference tournament basketball games, more conference football games, and dozens more Olympic sports competitions. The deal will provide premier content to numerous ESPN multimedia platforms, including ESPN, ESPN on ABC, ESPN2, WatchESPN.com, ESPNU, ESPN3, ESPN 3D, ESPN Mobile TV, ESPN GamePlan, ESPN FULL COURT, ESPN Buzzer Beater/Goal Line, ESPN International, ESPN Deportes, ESPN Classic and ESPN.com.
Increased Inventory
The conference’s planned increase to an 18-game conference men’s basketball schedule and the additions of Pittsburgh and Syracuse will bring an increase of 30 conference men’s basketball games per year and two more conference tournament games. In football, 14 more conference-controlled games will be televised each year. Per the extension, ESPN has the right to televise three Friday ACC football contests annually which will include a standing commitment from Boston College and Syracuse to each host one game as well as an afternoon or evening game on Thanksgiving Friday. Also, more women’s basketball and dozens more Olympic sports competitions will be covered on ESPN platforms representing the conference’s 25, soon to be 26, sponsored sports.
Sponsorship and Enhancements
For the first time, ESPN has acquired title sponsorship rights, subject to conference approval, beyond football to all other conference championships including the men’s and women’s basketball tournaments. The ACC Men’s Basketball Tournament, televised in its entirety on ESPN networks and its syndication partner Raycom, has never been sponsored in its 59-year history.
John Skipper, president, ESPN and co-chair, Disney Media Networks, said, “This expansion and extension of our exclusive agreement brings tremendous value to our company and to ACC fans everywhere. We look forward to showcasing this premier conference across all platforms through 2027.”
“We are excited to have further enhanced our partnership with ESPN through the extension of our multimedia contract,” said ACC Commissioner John Swofford. “We are proud that ESPN has invested so deeply in the ACC both from a resource and exposure standpoint. As we look to the future, this relationship will be tremendous for our schools, fans, coaches and student-athletes.”
ACC on ESPN
ESPN has been televising ACC content since 1979 and has exclusive rights to every conference-controlled football and men’s basketball game, plus women’s basketball and Olympic sports matchups, and all ACC championship events. ACC content is distributed on the widest array of multi-media platforms in the sports industry. ACC on ESPN highlights:
· Football on national TV: Extensive regular-season action on Saturday afternoon and nights, primetime Thursdays, three Fridays including Thanksgiving Friday, Labor Day Monday and the ACC Football Championship Game;
· Men’s basketball on national TV: The most comprehensive coverage of regular-season games and the entire conference tournament produced and distributed via ESPN; regular-season matchups of the storied Duke-North Carolina rivalry each year; full national telecasts on all games televised on an ESPN platform; a weekly ACC Sunday Night Basketball franchise on ESPNU;
· Women’s basketball: Numerous women’s regular-season basketball games and the entire conference tournament;
· Olympic sports: An extensive commitment to the league’s soon to be 23-sponsored Olympic sports with regular-season and championship telecasts, highlighted by baseball, softball, lacrosse, and men’s and women’s soccer;
· Digital media: Exclusive ACC football, men’s and women’s basketball, and Olympic sports games as well as simulcasts on ESPN3. Live ACC games, including football and basketball, on ESPN Mobile TV;
· ESPN 3D: Select live ACC action on ESPN 3D;
· Additional outlets: Select ACC action on ESPN International, ESPN GamePlan, ESPN FULL COURT, ESPN Classic and ESPN Deportes; and extensive content rights for ESPN.com.
About the Atlantic Coast Conference
The Atlantic Coast Conference is now in its 59th year of competition, the ACC has long enjoyed the reputation as one of the strongest and most competitive intercollegiate conferences in the nation. Since the league’s inception in 1953, ACC schools have captured 124 national championships, including 66 in women’s competition and 58 in men’s. In addition, NCAA individual titles have gone to ACC student-athletes 142 times in men’s competition and 101 times in women’s action. For more information, visit theACC.com.

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