How much would our T3 rights be worth in the open market?
The open market has kindly already figured this out for us.
As I understand it, Tier 3 rights includes everything the National Broadcasters pass on (ESPN, FOX, ABC, CBS).
When UConn was in the AAC, their Tier 3 rights weren't included in the TV deal so they had the deal with SNY (technically some would call this Tier 2, but I think this is also Tier 3).
I believe UConn earned about $1+ million annually from SNY for most WBB home games, a few MBB OOC games, and one football game.
Tier 3 also includes multimedia rights which UConn sells to Learfield. The most recent agreement has a base of about $6 million a year + revenue sharing so maybe that number is more like $8-10 million per year by the time the 15 year contract expires in 2033.
So
@Hoophound's guess of $10-12 million is pretty good. Those deals were also signed at the lowest point in quite some time for MBB and Football so there's definitely a lot of room to pump up those numbers up when the Big East goes back to FOX to negotiate in 2024/2025. Add in the value of WBB continues to climb in brand value + increased interests in women's sports and these are all things that can help at the negotiating table. And the real icing on the cake is those deals were signed in the AAC; UConn in the Big East is likely a signicantly more valuable commodity. No idea how much more we are talking but something to consider.