according to today's Sports Business Journal Article (subscription required).
ESPN pays $2.25B for SEC rights
Highlights from the article include:
ESPN pays $2.25B for SEC rights
Highlights from the article include:
- As expected, there will be no SEC Network.
- Raycom will no longer syndicate SEC games.
- ESPN will receive all rights not sold to CBS.
- ESPNU and ESPN+ syndication will receive major rights.
- ESPNU expected to announce a carriage deal with Comcast "in the coming weeks" which would place ESPNU's distribution at approximately 40 million (comparable to the Big Ten Network).
- ESPN will televise the SEC basketball championship.
- Deal is for a 15 year term with a payout at approximately $2.25 billion.
- Total television payout (CBS and ESPN) per school expected to be slightly less than the Big Ten's television deals.
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