Jan 6, 2013, 9:31 AM EDT
Having recently declared their independence from the Big East but still with a mass of legal entanglements ahead, the Catholic 7 are reportedly moving ahead with plans to lay a financial foundation for their conference by exploring options in the television market.
According to Darren Rovell of ESPN.com, the seven basketball-only schools that formerly belonged to the Big East are working closely with Fox to strike a deal that could be worth as much as $500 million over 12 years. A meeting will reportedly take place Wednesday between the network and a representative of the Catholic 7.
Fox, along with CBS and NBC, is looking to rapidly expand in the sports television market and is launching its own network, Fox Sports 1, in August. That network would be in competition with the CBS Sports Network and NBC Sports Network, all three of which are working to chip away at market leader ESPN.
The proposed deal with Fox would give the Catholic 7 along with the members it eventually adds reportedly close to $5 million per year per school, which would be a significant boost from the $2.5 million annually that the group made as a non-football member of the Big East. New member schools reportedly would make half as much per year.
But roadblocks still remain. Exit fees and timing are still to be worked out, and the conference has not settled on whether it will eventually be comprised of 10 or 12 schools, nor has it formally invited members to fill those vacancies.
To read the entire report, click here.
- There’s only one way the NCAA gets UNC investigation wrong: a 2016 postseason ban 37
- Academic issues expected to sideline St. John’s point guard for fall semester, maybe longer 6
- North Carolina announces receipt of Notice of Allegations from NCAA 3
- LSU’s ’25 is coming’ campaign doesn’t try to hide that they’re monetizing Ben Simmons 2
- Looking Forward: Catching up on the American’s offseason 1
- Five-star center Caleb Swanigan has committed to Purdue 8
- Friday’s most important rule changes only matter if refs actually enforce them 2
- There’s only one way the NCAA gets UNC investigation wrong: a 2016 postseason ban (37)
- Four men’s teams banned from 2016 postseason due to APR scores (10)
- Sports book lists Maryland as early favorite to win national title (9)
- Academic issues expected to sideline St. John’s point guard for fall semester, maybe longer (6)
- John Calipari is selling his program when he says national title isn’t a goal (5)