Financial ramifications of B1G, Pac-12 cancelling could cost FOX well over $150 million
Not to state the obvious here, but the B1G and Pac-12 cancelling the 2020 college football season is going to cost FOX Sports a hefty amount of cash.
According to a report from Sportico’s Anthony Crupi, the cancellations from both conferences could cost the network more than $150 million, as FOX as lucrative deals with the B1G and Pac-12 to cover football and basketball games.
The news that both leagues would be cancelling fall football in 2020 came on Tuesday.
“The twin postponements will erase some $165.7 million in sales from Fox’s fall ledger, with the Big Ten accounting for the bulk of the losses — around $124.8 million, versus the $40.9 million the company generated with its 2019 Pac-12 slate,” Crupi wrote. “Nor will any further relief be forthcoming via Fox’s most recent rights deal, which would have seen it carry 23 Mountain West games beginning this fall.”
Figures could increase even more if there’s no college football played — or if the Big 12 backs out of the fall season. FOX also covers a healthy number of Big 12 football games throughout the season.
Everyone is being hit hard economically by these cancellations, and FOX Sports is no exception.