(06-05-2012 10:44 PM)ndlutz Wrote: If there are only 5 schools who are pleased with the new deal the others shouldn't have voted to approve it. It doesn't matter how you slice it - the other schools could have blocked the deal getting done if they didn't like it that much.
When the ACC signed the $155m a year deal in 2010, it seemed like a huge deal. Just look at the press from the time the deal was announced: everyone lauded Swofford and the ACC for signing what was regarded as a very lucrative deal.
But since then, with the PAC and Big 12 signing much bigger deals, and the B1G raking in huge amounts from their network, the deal now looks paltry. Basically, the market for televised college athletics skyrocketed just after the ACC signed its deal.
Of course that's not to let Swofford and our negotiators off the hook: As someone posted on another board, one of the main jobs of a CEO is to accurately predict where a market is going to go and our negotiating team and executives failed spectacularly.
In the end, i bet none of the ACC schools is happy with the post-Syracuse/Pitt renegotiated deal, but we had little choice in the matter since ESPN had us by the cojones. They didn't have to agree to anything.
It doesn't get talked about much, but the mighty SEC is in the same boat: Their 2009 deal with CBS and ESPN looked ginormous at the time but is now paltry. We'll see if they can do better renegotiating with ESPN. I doubt it.