Nov 20, 2012, 10:32 AM EDT
The University of Houston has a way to get out of its contract to move to the Big East without penalty if certain revenue figures are not met, Dennis Dodd of CBSSports.com is reporting.
Houston is supposed to be part of the Big East’s new wave of members beginning next year in 2013-14, but Maryland’s move to the Big Ten and the impending move of Rutgers to the same conference has created instability and speculation.
This comes at a critical time for the conference because the Big East is out in the open market, searching for a television rights deal after the expiration of its contract with ESPN.
The conference even brought in former CBS executive Mike Aresco, a longtime TV man, as its commissioner to be the face of the negotiations. But, this new round of realignment throws a wrench in established plans.
“There’s not a TV executive in America that’s going to offer them [Big East] a TV contract until they can confirm and guarantee who is going to be their in their league,” one BCS source tells Dodd.
The movement of Maryland creates a vacuum in the ACC, possibly to be filled by Connecticut or Louisville, two of the major players remaining in the Big East. Were either of those two to leave, contract negotiations could change dramatically.
According to Dodd, the stipulations of the contract dictate that “if we [Houston] don’t get X percentage of what you [Big East] think the TV contract is worth [we can leave].”
He goes on to write the following:
The source also said prospective new Big East members were told by former commissioner John Marinatto that a new contract would be worth $10 million-$20 million more [per year per school] than what the Big East is currently getting. League schools are currently earning approximately $4 million per year. Conference USA schools currently earn half that number per year.
Industry sources have said for months the new Big East would be lucky to get between $70 million-$100 million per year for the new alignment. That translates to $5.7 million-$7.1 million per year, per school.
- UPDATED: 2015-2016 College Basketball Way-Too-Early Preseason Rankings 0
- 2015 College Basketball Updated Early Entry List 14
- Report: Yogi Ferrell to return to Indiana for senior season 0
- Texas point guard Isaiah Taylor returning for junior season 1
- EYBL Day 1: Jayson Tatum vs. Michael Porter Jr.; De’Aaron Fox, Jarred Vanderbilt go for big outings 0
- Providence announces return of point guard Kris Dunn for 2015-16 season 0
- Five-star guard Malik Newman commits to Mississippi State 0
- Duke lands commitment from elite PG Derryck Thornton, who will reclass (18)
- 2015 College Basketball Updated Early Entry List (14)
- UPDATED: 2015-2016 College Basketball Way-Too Early Preseason Top 25 (9)
- Louisville adds key grad transfer Damion Lee (6)
- All-MAC guard Shannon Evans to transfer from Buffalo; is athletics director Danny White at fault? (3)