So, just how big are those new TV contracts? Per Tim Stephens of the Orlando Sentinel, pretty damned big indeed, thank you very much.
… Every SEC team reportedly would be guaranteed at least $15 million annually from TV. Which means Vanderbilt, which hasn’t been to a bowl game since 1982, now would pocket more from TV than Notre Dame, which has its own deal with NBC at a reported $9 million a year for football. Add in the local contracts and a team like Florida (10 years, $100 million from Sun Sports) could pocket an average of as much as $25 million per year for the life of the deals. Translation: Florida could earn more yearly in TV revenue alone — before it sells the first ticket, collects the first booster dollar or sells the first t-shirt or wins the first game — than the vast majority of non-BCS teams have to work with, even being heavily subsidised.
Best of all, they don’t have to share with anyone outside of the conference.