You are looking live at Sabraton and the scene as people react to today’s big news: We have a Tier 3 deal again finally, once and for all, I think and hope maybe.
WVU, IMG and West Virginia Media Holdings announced their once and future partnership, one that will net WVU a guaranteed $80 million over the next 12 years.
Please note that, yes, this is different than the original deal, one we reported as being 12 years and in the neighborhood of $110 million. That number, though, accounted for incentives and revenue sharing. The new number does not account for that, but says that money will go on top of the guarantee.
So, yes, there is a difference, but it’s not a $30 million difference. Remember, IMG’s guarantee to WVU in the first year is going to be smaller now than it was in January. The second RFP was different from the first and saw WVU choose to retain a few things it didn’t seek to retain the first time. It adds up, but not all that much.
So much more later, I promise, but I’ve got to dig in now. Feel free to ask and answer questions in the comments.