So after the billions of dollars in broadcasts rights paid annually for Division-I college football and men's basketball, the value of all remaining D-I broadcast rights for 21 women's and 19 men's sports is only $115MM annually, with women's basketball being $65MM of that amount.
First, anyone who thinks this demonstrates the power of women's sports can't add, plus it's demeaning that the NCAA pimped women's basketball to increase the bundle pricing for the remaining 39 non-revenue sports.
Second, there's no revenue sharing with teams, which hurts women's basketball and no one else here, as to develop a sport, you need money. This deal caps the money on the NCAA end, gives none to the schools, and effectively disinvests the schools in all of these teams over the next eight year duration of the contract.
Third, this broadcast contract is so small that it probably doesn’t cover the costs of running the forty non-revenue sport championships, which is why the schools are okay with no revenue sharing. This is an example of nothing other than how financially irrelevant college sports are outside of D-I football and men’s basketball. Remember, too, that all members across all three divisions are paid out of March Madness to belong to the NCAA, so that the NCAA can claim to speak for college sports. Big picture, non-revenue schools receive far more from the NCAA than they give up, which is why the NCAA has more than 1,200 members. This is fine for the schools, but any individual sport that has its sights on growth, like women's basketball, is just screwed in the calculus.
Fourth, developing any market takes money and time. In the 1970's, the NCAA promulgated "The Business Plan," whereby D-I athletic departments would become self-sustaining separate from their schools, so that the NCAA could grow D-I football and men's basketball into semi-professional teams. That was fifty years ago, and it took decades to achieve. Even now, less than a third of the D-I athletic departments meet this criteria, concentrated in the Power Five Conferences, which are moving like tectonic money plates, ironically to the detriment of all other D-I non-revenue sports.
Fifth, we will never know what any sport, men's or women's, could produce without a focused development plan over decades to grow a sport. This current deal kick's the can another eight years before women's basketball could even start trying to develop a business model.
Finally, I've written many times on the economic reality of college sports, and here's a link to my most recent post including a data chart: https://lnkd.in/emsNJvif.
Rachel Bachman, "Women’s Sports Drive Value of NCAA’s New ESPN Deal," Wall St. J., Jan. 5, 2024, at A-12, available at https://lnkd.in/efN4zzqx Street Journal
LSU Career Coach, Manship School of Mass Communication; Looking for #University or #earlyentry #earlytalent #recruiters to develop an opportunity pipeline between successful businesses and #Manship students & #alumni
1wKevin Burke I will see you there!