Some highlights of the Pac-12 Media Contract
- Twelve year, $3 Billion contract from 2012-13 to 2023-24
- Pac-12 schools have agreed upon an equal revenue share model, so annual revenue will be distributed equally to all 12 schools on an annual basis
- There is an annual escalator throughout the life of the contract, but schools will average $20+ million per school year over the 12-year period
- Pac-12 also created Pac-12 Media Enterprises, which will own the Pac-12 Network, Pac-12 Digital Network, and Pac-12 Enterprises
- Forty-four regular season football games & 68 regular season men’s basketball games will be broadcast across ESPN or FOX national broadcast networks or national cable networks. For more on the read the press release.
One of the more interesting aspects of the deal is that Scott was savvy enough to convince UCLA & USC to share the wealth equally. USC, a program that many consider to have as strong a brand as the University of Texas while residing in the 2nd largest media market in the United States, probably had enough clout to hold out for a larger share. Nonetheless, each of the teams in the newly formed Pac-12 conference, will benefit greatly from Scott’s aggressive & innovative negotiations over the long-term.
The Pac-12 owns a plethora of content (academic & athletic) to distribute across the different channels and intends to do so when its Pac-12 Network and Pac-12 Digital Network come to fruition. As the Big Ten can attest, getting to the point where the network is profitable may be quite a chore. A task that can be made easier if Scott can find a way to negotiate a relationship with a cable provider to ensure that the new channel is available in households across the country.
So while the long-term verdict is still out, Scott & the Pac-12 get two thumbs up for the monumental shift of the college landscape that we all witnessed one week ago.