mr. peebs
gig 'em
Texas will receive $12 million per year in a deal with ESPN for distribution rights to the Longhorn Network starting in the fall of 2011, according to orangebloods.com.
The website reported the agreement between the school and ESPN includes a $10 million payment up front. With the addition of an anticipated $20 million dollars from the Big 12, Texas would become the nation's top revenue producer for television rights, earning close to $30 million next year and more than $32 million beginning in 2012-13.
The ability to retain its own television rights was part of the reason Texas resisted an overture from the Pac-10 this summer. The Pac-10 was insisting that no schools would be allowed to start their own network.
The size of the deal goes beyond initial expectations for the school. Athletic director DeLoss Dodds told Orangebloods.com in August he hoped the Longhorn Network would bring the school roughly "$3 million annually with an opportunity for growth depending on its success."
A formal announcement about the deal can be made after a vote of the Texas Board of Regents either later this month or in December.
Link: http://content.usatoday.com/communi...per-year-to-distribute-the-longhorn-network/1
Thoughts?
What I first thought when I saw this was, in order..
1) orangebloods, Chip Brown, probably straight from Dodds himself
2) step closer to independence for UT-Austin/end of Little 12
3) ahhh #$*@
4) how are they going to do this as ESPN doesn't have regional networks like FSN?
5) what happens if they have another season like this next year?