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<blockquote data-quote="RamblinRed" data-source="post: 954471" data-attributes="member: 1776"><p>It was part of their contract with the B12.</p><p>The new B12 contract with ESPN (but interestingly not FOX), had a pro rata piece where if the B12 added a P5 school than ESPN would increase its payment to the B12 conference equivalent to the current share. Reportedly, the agreement allowed for this to happen for up to 4 P5 schools. </p><p>B12 contract is reportedly worth $31.7M per school with ESPN owning 2/3 of the media rights and FX owning 1/3. So ESPN is effectively paying B12 just over 20M per school.</p><p>By adding the 4 PAC schools the B12 has effectively increased its payout from ESPN by $80M per year (though its per share remains unchanged). Basically they got ESPN to pay for their explansion.</p></blockquote><p></p>
[QUOTE="RamblinRed, post: 954471, member: 1776"] It was part of their contract with the B12. The new B12 contract with ESPN (but interestingly not FOX), had a pro rata piece where if the B12 added a P5 school than ESPN would increase its payment to the B12 conference equivalent to the current share. Reportedly, the agreement allowed for this to happen for up to 4 P5 schools. B12 contract is reportedly worth $31.7M per school with ESPN owning 2/3 of the media rights and FX owning 1/3. So ESPN is effectively paying B12 just over 20M per school. By adding the 4 PAC schools the B12 has effectively increased its payout from ESPN by $80M per year (though its per share remains unchanged). Basically they got ESPN to pay for their explansion. [/QUOTE]
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