2008 television contract
During the 2007–2008 fiscal year review meeting, there was discussion among SEC leadership about the possibility of starting a TV network dedicated to its conference, much in the same way the Mountain West Conference and Big Ten Conference have done with the mtn. and Big Ten Networks, respectively. A decision was made to postpone the decision until at least the following year.[12]
In August 2008, the SEC announced an unprecedented 15-year television contract with CBS worth an estimated $55 million a year. This will continue the relationship the SEC already has with CBS, which puts the SEC in the unique position as the only conference to have its own exclusive national television network of the four major over-the-air broadcast networks (CBS, NBC, ABC, Fox) to display the SEC's events.[4]
In the same month, the league also announced another landmark television contract with ESPN worth $2.25 billion or $150 million a year for the life of the contract, which is for fifteen years. It is the longest and wealthiest contract among all television deals among the major conferences. With these contracts, the SEC has, outside the Big Ten, the richest television deals in the country and will make the SEC the most nationally televised and visible conference in the country with the coverage that is provided by these contracts.[13][14]