ESPN wants to bid for March Madness?
File this one under unlikely, but interesting enough to talk about.
ESPN says it’d be open in bidding for the rights to March Madness if the NCAA opts out of its 11-year, $6 billion contract with CBS this July.
"We do 1,100 college basketball games a year and they all lead to one thing and that's the NCAA tournament," Burke Magnus, the network’s senior vice president of college sports programming told USA TODAY. "If it were to become available, and fit the definition of a business decision for us, I'm quite certain we'd be interested."
So that’s out there. But it seems unlikely for this reason: Money.
CBS’ contract runs through 2013. By opting out, the NCAA would forego about $2.2 billion. That’s a lotta dimp. And I’m not business expert, but leaving that much money on the table in a recession is risky. I’m sure CBS and ESPN would offer good packages, but would it be in the $2.2 billion range?
(whistles)
Seems smarter to wait until 2013 when the economy is whistling along again and the price tag would be even higher. Hell, the tourney may up to 124 teams by then. Think what the NCAA could charge for that number of games…
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