Texas reaches 20-year, $300 million deal with ESPN

[JonLP24]

AUSTIN, Texas — University of Texas at Austin President William Powers Jr. says the school has reached a 20-year, $300 million deal with ESPN for a 24-hour television network that will broadcast Longhorn sports and some non-athletic content.

Powers tells the Austin American-Statesman for Wednesday's online edition that the school is assured at least $10 million in revenue for the first five years of the contract.

Officials say ESPN has guaranteed all $300 million, with about $247.5 million going to the university and $52.5 million going to IMG College, a company that handles marketing and licensing for the university.

The UT System Board of Regents gave Powers approval in November to negotiate with a broadcast partner. The agreement does not replace existing TV deals.

http://www.statesman.com/news/texas/texas-reaches-20-year-300-million-deal-with-1195427.html

[Auggie]

1. This is an insane amount of money for one school...

I can understand a deal like this for a conference, especially if the money is divided equally and everyone shares, but for one school?

:wtf:

[bluedigger]

2. Who do they think they are?

Notre Dame?

[El Supremo]

3. Take that Notre Dame!

[a la izquierda]

7. The morning sports dudes here in OK...

were suggesting they should have a Bevo hour around 230am. I almost peed my pants listening to them.

Stupid Texas. Don't they eat that cow when it dies?

[Capt. America]

4. Big Texas and her 9 ugly sisters conference.

[fishwax]

5. and yet Texas hasn't dominated the conference on the field

:kick:

[a la izquierda]

6. Oh please...

Texas blew it out their asses this year, and they don't look real promising next year.