CBS will walk away from the SEC when its contract ends after the 2023 football season, and all indications are that the package will move to ESPN/ABC. CBS decided to exit the negotiations for college football's most-watched TV package after making an aggressive bid in the neighborhood of $300 million per season — a massive increase from the $55 million it currently pays annually. CBS Sports execs decided that it made more sense to invest the money they would have paid the SEC into other sports. When contacted this afternoon by SBJ, CBS Sports PR emailed the following statement: “We made a strong and responsible bid. While we‘ve had success with the SEC on CBS, we are instead choosing to aggressively focus on other important strategic priorities moving forward.” Wow 300 million a year wasnt enough
So much for the speculation that ABC wasn't happy with ESPN and would be pulling in the financial reins.
Its all be moving to Disney+, bank on it. Get ready to pay $20/mon for SEC network (to start). Reinvesting all that Pixar, StarWars, and Marvel cash...