With people cord cutting left and right, it’s no secret cable companies are paying for it big time. Last year we shared with you why ESPN was struggling so much, as they had just made a massive amount of layoffs to their staff, including many on-camera talents.
The reason why they’re bleeding money so much is because of their long term broadcast contracts with numerous leagues that hasn’t seen them reap the rewards because of low ratings which in turn bring in less advertising dollars. So one has to imagine how much ESPN is paying to broadcast these games. You can check out those numbers for some of ESPN’s biggest broadcast deals below.
Wimbledon
$40 million per year for 12 years
Total: $480 million
U.S. Open Tennis
$75 million for 11 years
Total: $825 million
Major League Soccer (MLS)
$38 million per year for 8 years
Total: $304 million
MLB
$700 million per year for 8 years
Total: $5.6 billion
College Football Playoff
$608.33 million per year for 12 years
Total: 7.3 billion
PAC-12 Conference
$125 million per year for 12 years
Total: $1.5 billion
Atlantic Coast Conference (ACC)
$240 million per year for 20 years
Total: $4.8 billion
Big Ten Conference
$100 million per year for 10 years
Total: $1 billion
Big 12 Conference
$100 million per year for 13 years
Total: $1.3 billion
Southeastern Conference (SEC)
$300 million per year for 20 years
Total: $6 billion
NBA
$1.4 billion per year for 9 years
Total: $12.6 billion
NFL
$1.9 billion for 8 years
Total: $15.2 billion
