So, I heard it AGAIN on the local sports talk that WSU, specifically an econ professor, was the one that came up with the $50M valuation that is now retrospectively being regarded as the reason that the TV deal never got done.
So, I have a couple of questions: where is this information coming from? I'm not saying it is wrong, but who leaked it and is it true? Who is reporting it?
Second: I'm not sure that for the life of the contract that a $50M valuation was wrong or bad. Yes, its over-valued in year one but probably undervalued at the end of the contract. Taking a lowball bid of $30M was never feasible, especially for the big 4 in our conference, as it would be undervalued the minute we signed the deal. It was a bullshit deal and perhaps presented for the sole purpose of destroying any reasonable talks or further negotiations. Or perhaps for destroying a conference.
I know that many will come back and say that $50M was an insane number, but if you look at how things played out I'm fairly confident that if the P12 would have countered with $30,000,000.01 the network would have walked away. It wasn't about honest dealings, it was about screwing a conference one way or another.
And yes, I like my tinfoil hat just fine, thank you. Now excuse me while I go track the helicopters that keep flying over my house.
So, I have a couple of questions: where is this information coming from? I'm not saying it is wrong, but who leaked it and is it true? Who is reporting it?
Second: I'm not sure that for the life of the contract that a $50M valuation was wrong or bad. Yes, its over-valued in year one but probably undervalued at the end of the contract. Taking a lowball bid of $30M was never feasible, especially for the big 4 in our conference, as it would be undervalued the minute we signed the deal. It was a bullshit deal and perhaps presented for the sole purpose of destroying any reasonable talks or further negotiations. Or perhaps for destroying a conference.
I know that many will come back and say that $50M was an insane number, but if you look at how things played out I'm fairly confident that if the P12 would have countered with $30,000,000.01 the network would have walked away. It wasn't about honest dealings, it was about screwing a conference one way or another.
And yes, I like my tinfoil hat just fine, thank you. Now excuse me while I go track the helicopters that keep flying over my house.
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