Alabama Set To Sign ~$150 Million Media Rights Deal

April 21, 2014 at 10:47a    by DJ Byrnes    
6 Comments

The rich are getting richer, folks. From Sports Business Daily:

The University of Alabama is set to capitalize on its success over the last five years by signing one of the nation’s most lucrative multimedia rights deals with Learfield Sports worth at least $150 million to $160 million over 10 years.

The extension of a long-term relationship between the Crimson Tide and Learfield will now run through June 30, 2024. Alabama, which has been with Learfield since 1998, took advantage of an opt-out in its previous deal to renegotiate. The school, which did not talk to other companies, could make even more money through a revenue-share — on top of the guarantee — if Learfield’s sales top certain thresholds.

The new financial terms of $15 million to $16 million a year double Alabama’s guarantee previously and put the Tide among the top three schools in multimedia rights revenue behind Texas and Notre Dame, both of which have unique TV arrangements that boost their overall figure.

Not a bad haul for a public school in small-time Tuscaloosa, Alabama. Perhaps Learfield is also working on cloning Nick Saban so Alabama won't plummet back into mediocrity whenever Saban decides to hang it up in the next couple of seasons.

I suppose, though, it's best to strike while the iron is hot, and despite ending last year with two consecutive losses, nobody is hotter than Alabama right now.


6 Comments

Comments

Whoa Nellie's picture

The Learfield Sports warehouse.

Used Elephant Lot

 

“Don’t fear criticism. The stands are full of critics. They play no ball. They fight no fights. They make no mistakes because they attempt nothing. Down on the field are the doers, they make mistakes because they attempt many things.”

+2 HS
TraSmith4's picture

So if Bama did this outside of the new SEC network would Ohio State be able to make a similar exclusive deal with a network outside of the Big Ten Network? With possibly the largest alumni base in America you would have to think a network would jump all over such a deal if it were allowable.

Ethos's picture

Yes.  IMG College has a 10-year, $107 million contract with OSU

"What do you need water for, Sunshine?!" - Coach Coombs, if you don't love this man, you have no soul.

+1 HS
FROMTHE18's picture

Bama football is going to single handedly turn Tuscaloosa into the next Dubai…geesh, not bad for a team that lost its last two games including not winning a divisional title.

+4 HS
Deadly Nuts's picture

That's 150M right into their "recruiting" funds.

LEBRON

+1 HS
Osurrt's picture

Bagman will get new bags....