New Big East has big TV deal with Fox
NEW YORK — The breakaway basketball schools kept the Big East name and the conference tournament in Madison Square Garden. In return, they left behind tens of millions of dollars to the football members.
That was easy to do with a lucrative television contract awaiting.
The new Big East launched as a 10-member league Wednesday with the additions of Butler, Creighton and Xavier and a 12-year deal with Fox. The agreement is worth about $500 million with the possibility of increasing to $600 million were the league to add more members according to a person with knowledge of the details.
The so-called Catholic 7 schools will start play with their three new colleagues in the fall.
Providence's president, the Rev. Brian Shanley, was a student at the college when its athletic director, Dave Gavitt, spearheaded the creation of the Big East in 1979. The conference's name was proposed by his father's marketing firm.
“This name is bold. This name is strong. This name is memorable,” Shanley said. “That's why it's been important for us to keep that name and keep that legacy going.”
When the Catholic 7 decided to leave in December, they didn't have a TV deal yet, but they had a sense the market was strong, said Georgetown president John DeGioia. After they started to talk to Fox in January, they knew they could bring in plenty of revenue as they negotiated their exit from the old Big East.
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments â either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.