What’s this about the Longhorn Network being a flop? It appears Texas is doing just fine under the agreement drawn up four years ago with ESPN.
Even if LHN never increases its fees by another cent, that scrappy little school is gonna make it. Under the ESPN contract, LHN pays Texas an average minimum annual royalty of $15 million. Once that $295 million investment on studios, offices, fiber-optic cable and personnel is recouped by ESPN, 70 percent of LHN revenue will go to Texas.
Sports Illustrated’s Andy Staples did the bar napkin math and estimates the SEC Network delivered around $6.