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Blog Entry

Pac-12 won't leave Colorado empty-handed in '11

Posted on: February 5, 2011 4:24 pm
 
Posted by Jerry Hinnen

Colorado finds itself in one of the bigger financial pickles in major college football, needing to pay: a buyout to the Big 12 after having secured their jump to the Pac-12; any and all buyouts for dismissed head coach Dan Hawkins and his former assistant coaches; the salaries of new coach Jon Embree and his assistants under their new contracts and potential signing bonuses. Not only that, but the Buffs will have to do all of that on a budget that was already described as one of BCS football's most stretched.

But the Buffs got some good news this week, as Pac-12 commissioner Larry Scott said that though the Buffs would have to wait a year to get a full share of the conference's television payouts, their first season in their new league home will net the program something (emphasis added):

Scott said the conference and Colorado have reached an agreement under which CU will receive a pro-rated share of any new revenue the league generates outside of its current television agreement, which will expire at the end of the 2011-12 school year.

The conference already has secured new revenue that meets that standard in a $25 million television agreement with Fox for the rights to the first Pac-12 football championship games and other games played throughout the year by Colorado and Utah that don`t fall under the league`s current television deal.

"They will get several million dollars next year from us because we were highly successful in negotiating our championship deal, even though we didn`t guarantee them any money next year," Scott said. "But it won't come anywhere close to what they're forgoing and what the (Big 12) buyout will be."

Scott added -- and clearly, the Buffs brass would agree -- that the Buffs will eventually profit by making the move, since the money shelled out by ESPN for the new Texas network suggests that the market will pay handsomely for the new Pac-12 contract (which will go into effect for the 2012-2013 season once signed). And thanks to the initial agreement with Fox, Colorado can even pick up "several million dollars" while they wait.

Until then, the Buffs are still going to be digging out of a financial hole, one that's going to make an already-difficult transition to the Pac-12 under a new coaching staff even more difficult. But they can take heart that even if their new conference brethren "didn't guarantee them" a cent for 2011, they appear nonetheless committed to helping the Buffs out of that hole as best they can.
Comments

Since: Aug 18, 2010
Posted on: February 7, 2011 1:20 pm
 

Pac-12 won't leave Colorado empty-handed in '11

Granted, the Pac 12 has won more overall sports titles than any other conference in college sports.  But, the bottom line is that there are no message boards for womens water polo and the like, so these sports are just drains on the tax payers.  If I remember correctly, LSU is in the top 5 overall for championships, but most are in sports that most people care little about, so you don't see LSU fans running around trying to brag about such things.  It is nice to have a good track program, but it is nothing to brag about.  If it is not football, basketball, or baseball, then nobody cares. 



Since: Oct 19, 2006
Posted on: February 7, 2011 12:38 pm
 

Pac-12 won't leave Colorado empty-handed in '11

The short term suffering will be especially tough next year.  Take a look at an excerpt from CU's schedule: Oregon, Ohio State, USC, Stanford, Utah...
Still, excellent jump to the PAC-12.  Best thing to happen to CU Football in at least a decade.



Since: Jul 8, 2008
Posted on: February 7, 2011 10:24 am
 

Pac-12 won't leave Colorado empty-handed in '11

Great move by the Buffs leaving the  Big 12 (now the Big 10) to join the Pac-12 which may increase even more over the next few years. In the short-term they'll suffer, but in the long term, they'll prosper.



Glad someone else sees the bigger picture too. Smart move on Colorado & Utah's part IMHO.



Since: Jul 8, 2008
Posted on: February 7, 2011 10:23 am
 

Pac-12 won't leave Colorado empty-handed in '11

Counting swimming, track, baseball and other college sports few follow doesn't earn you that title. It's solely about hoops and football and everyone knows that.

Negative. All Sports Count. Not just the sports you like or approve of. Sorry if the PAC12 is great at all the major sports and 'other' sports too! Great academic conference too, the best among the BCS conferences I might add.



Since: Feb 24, 2008
Posted on: February 7, 2011 7:20 am
 

Pac-12 won't leave Colorado empty-handed in '11

Those bands bring in the big bucks, don't they?




Since: Sep 20, 2009
Posted on: February 6, 2011 11:31 pm
 

Pac-12 won't leave Colorado empty-handed in '11

Oh boo hoo they made the choice so they will have to pay the piper. In the end Colorado has really been a big bust through out the Big 12  when the Big 12 was formed the Buffs looked great on paper to make the north look legit however they have really been a paper tiger without any real muscle to help the image of the Big 12 north. Good luck in the Pac 12 however I think they are starting the race off with a new coach zero money and not alot to offer in football or basketball so it may be a really be a hard next couble of years for the Bufffs



Since: Feb 3, 2008
Posted on: February 6, 2011 10:44 pm
 

Pac-12 won't leave Colorado empty-handed in '11

Football is not even the sport with the most athletes. That would be marching band. Which, incidentally, the Pac-10 is traditionally quite good at.



Since: Dec 30, 2010
Posted on: February 6, 2011 1:33 pm
 

Pac-12 won't leave Colorado empty-handed in '11

Starblazer, contrary to your near sighted tunnel vision, there are other sports out there besides football and basketball. You are correct that those 2 sports generate the most revenue and are the most "popular" college sports, but the Pac-10 is the conference of champions, with more National Championships in all of college sports coming from that conference compared to other conference's. This is not a pissing contest, simply a statement of fact. I'm not goint to debate what conference is the best in football, etc. Simply that the Pac-10 has more Championships than any other conference. Google it.



Since: Dec 27, 2007
Posted on: February 6, 2011 11:55 am
 

Pac-12 won't leave Colorado empty-handed in '11

This is huge for the 'Conference of Champions!'

???????????

When was the Pac-12's last title in football? In fact that 2004 title may soon be rescinded. That means you'll have to go back to 1991 when Washington "shared" the title with Michigan. Their last hoops title was in 1997 when Arizona won in OT vs KY.

Counting swimming, track, baseball and other college sports few follow doesn't earn you that title. It's solely about hoops and football and everyone knows that.



Since: Dec 27, 2007
Posted on: February 6, 2011 11:46 am
 

Pac-12 won't leave Colorado empty-handed in '11

Great move by the Buffs leaving the  Big 12 (now the Big 10) to join the Pac-12 which may increase even more over the next few years. In the short-term they'll suffer, but in the long term, they'll prosper.


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