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Memphis and the PAC 12
"The Pac-12 has not announced plans for its next media rights deal, so it isn't yet clear how much that deal will pay to each school. Memphis received about $11 million from the AAC for the 2023-24 academic year, but Thamel reported that the Pac-12 likely will pay its schools less than that."
If this turns out to be true, then @wazzu31 is correct. Move wouldn't be for financial reasons. Sans reduced early payments, has any other team moved for lesser money?
I know, I know, SMU did and even had to fork out a chunk but they are an unusual situation.
If they join the PAC for all sports sure. However that’s not exactly true if they join the PAC for football only. Memphis got $11 million for EVERYTHING in the latest payout the AAC announced. (Media money, units, CFP, other)
Joining the BE for all sports (the BE carries) would get them around $7 million for a full share of BE media money year 1. Now there is no guarantee year 1 is a full share and the BE would at worst need a prorata deal from their media partners to add Memphis. I don’t wish to ramble so let’s just say they get 6 million year 1.
Then they get cut in on the PAC deal at a 70% rate. Because it’s been estimated football makes up between 70-85% of this contract that Thamel stated was under 10 million per. I’m being conservative and saying 70% of 9 million is 6.3 million.
Adding the conservative BE share and conservative PAC share gets them over $1 million more in just media money alone compared to the most recent payout announcement without having the hellacious travel joining the PAC for all sports.
The move is not likely JUST for financial reasons. But they aren’t taking a loss likely on it ether splitting up football and the OS in different conferences. IMO it’s the best move for Memphis but I think it hinges on if the BE is down for it.