http://espn.go.com/m...sioners-sources
Let's just talk about how dumb it was for any Big East basketball team to vote to turn down ESPN deal in Spring 2011. That $500m number looks big, but if you drill down a bit you'll see how much less the basketball teams would get with this new deal
This new Fox deal would be $500m over 12 years divided by 12 teams. So that's $3.47m per team per year
The ESPN deal was $155m per year ($1.4b over 9 years), split 75/25 football/bball.
It was also only 8 basketball teams (incl ND). So that's $4.84m per bball team
So each team would make $1.37m less per year, or $16m less over 12 years.
Even worse, the ESPN deal was 9 years, so they also lost a chance to renegotiate sooner.
In total they lost on out $112m over 12 years to vote against the ESPN deal and go it on their own.