5:46 p.m. EST, February 13, 2013
The Big East is moving toward a television deal with the NBC Sports Network that will pay members between $20 million and $23 million per year, according to reports.
Those numbers first appeared in an ESPN report and were also reported by Associated Press late Tuesday night. According to the AP report, the Big East still must wait for ESPN to decide whether it wants to match the offer.
UCF, which is set to officially join the Big East July 1, made $1.056 million this year from its C-USA television deal and averaged $1.02 million over the course of the past five seasons, according to numbers provided by the UCF Athletics Association. The new Big East deal would likely double the program's television income, paying about $2 million per school.
The Associated Press report says the deal with NBC may be announced within two weeks.
This number is far less than the nine-year, $1.17 billion the Big East turned down two years ago from ESPN, an average of $130 million annually, and is less than the conference's current six-year deal worth $3.12 million a year per school.
The framework of the deal and whether there remain options sell games not picked up by NBC Sports Network is not yet clear.
While the deal is undoubtedly disappointing for UCF, which hoped to take a major step forward financially when it announced it was moving to the Big East, the school would still see a major increase in cash from the NBC deal.
UCF is also waiting to hear whether it would have the option to sell any games not picked up to regional networks, adding to its TV income.
Source: http://www.orlandosentinel.com/sports/os-ucf-knights-news-0214-20130213,0,6973156.story?track=rss
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