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When the revenue stream is healthy, investments in plant and personnel are much easier steps to take. SEC teams are about to start reaping the financial rewards of Mike Slive’s deal with ESPN, SEC Network.
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South Carolina AD Ray Tanner told his Trustees the following recently:
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“It was right after I became the AD that this was formulated in the AD meetings. I was there from the beginning,” Tanner said. “You could sit and listen to proposals and programming going forward and understand the dollars associated with it from different cable outlets, subscriptions and the footprint of the SEC.
“As they said, it could be Year 3 before we realized any financial gain. As we launched, distributors started to get on board. Then we said it may be two years. Before you know it, it was profit in Year 1. I hope $5 million is conservative.”
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And you thought the SEC arms rams was hot before….