Huge news for Big 12 basketball...

1,925 Views | 10 Replies | Last: 7 days ago by Stefano DiMera
Stefano DiMera
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https://www.espn.com/mens-college-basketball/story/_/id/47085242/big-12-players-era-sign-50m-hoops-deal-nil-payouts
LIB,MR BEARS
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Stefano DiMera said:

https://www.espn.com/mens-college-basketball/story/_/id/47085242/big-12-players-era-sign-50m-hoops-deal-nil-payouts



This beats the heck out of a tourney in Hawaii or Alaska from the POV of the players, coaches, donors and CBS.

I'm no fan of NIL but this is a cool way to do it.
LIB,MR BEARS
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Duplicate post
Aliceinbubbleland
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Sounds too good to be true. I hope the lawyers looked long and hard at any private equity placement.

Does the PE group believe they can recoup a lot more than $50 million?

Anyone but the aggies please
boognish_bear
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Baylorbears111
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Aliceinbubbleland said:

Sounds too good to be true. I hope the lawyers looked long and hard at any private equity placement.

Does the PE group believe they can recoup a lot more than $50 million?


Sounds like a good deal for the Big 12.

  • The Big 12 is acquiring a 15% stake in the event rather than the event acquiring a stake in the Big 12.
  • Top 8 teams from the conference will compete.
  • Players Era has guaranteed a minimum payout of $50milltion over 6-years to the Big 12 basketball programs. (sounds like there could be potential for more but this sets the floor)
  • Tourney will be Nov. 24-27 (which is opening tournament time anyways)
More details at Sports Business Journal: Big 12 to get investment stake in Players Era Festival

I'm assuming the Big 12 participation will grant the tournament some buy-in and credibility. The Big 12 is a deep conference so the Top 8 teams is pretty good list. Although, I bet they rotate some of the top teams with the bottom to keep appearance equal.

Arizona
Baylor
BYU
Cincinnati
Iowa State
Hoston
Kansas
Texas Tech
West Virginia

This years tournament has:
Tennessee
Rutgers
Kansas
Notre Dame
Houston
Syracuse
Gonzaga
Alabama
UNLV
Maryland
Creighton
Baylor
Iowa State
St. Johns
Auburn
Oregon
SDSU
Michigan

Pretty good competition all around.
historian
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The article said the teams chosen to participate ard based upon the previous season conference standings. I take that to mean those who finished at the top although I'm not sure.

I like this because these games ard our first chance to play ranked teams this season. I am disappointed that Creighton is no longer ranked.
“Incline my heart to your testimonies, and not to selfish gain!”
Psalm 119:36
BearFan33
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BY continues to find and exploit revenue streams for B12 members

Home Run hire

It sounds like we are a charter member of something that could grow substantially
boognish_bear
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Ok...things are getting a little weird...

boognish_bear
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Kind of sucks...but it ain't ever going back

Stefano DiMera
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boognish_bear said:

Ok...things are getting a little weird...




Baylor and BYU refuse to go to protest human rights abuses?
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