The offer is $40mm per school per year. For next year that is 40/10, thereafter it is 40/12 = 3.33mm. However, it was updated yesterday that Fox will be throwing in another 10mm next year to offset all the costs that we are taking on to mitigate the process (BU and XU have 2 mm exit fees, for example)
So, next year is 50mm/10 = 5 million per school
They are paying so much because Speed (80mm households) is becoming Fox Sports 1 and Fuel (26mm households) is becoming Fox Sports 2 and the Big East will be their primary winter content broadcasting most games nationally on the two new stations or for the minor matchups of the regional networks (like Fox Sports Midwest)
Its effectively the model ESPN employed, ironically, with the Big East during the 80s build-up.
------> http://ajerseyguy.com/?p=5519
Interesting. Good info.