The Register-Herald, Beckley, West Virginia

Latest Sports

July 25, 2013

WVU’s IMG media rights deal includes $5M signing bonus

CHARLESTON — West Virginia University will make $4.1 million in royalties in the first year of its new 12-year deal with IMG College for multimedia coverage of certain athletic events.

North Carolina-based IMG will pay at least $86.5 million through 2025, including a guaranteed annual payout of $8.3 million by year 12. It will pay an additional $105 million over the next decade if the contract is renewed.

Details are spelled out in documents the Charleston Daily Mail obtained through a Freedom of Information Act request.

WVU also gets a $5 million signing bonus, $3 million of that to be paid by June 16, 2014, and the rest by June 2015.

WVU awarded the contract on its second try July 11. It was forced to rebid after a review by the state attorney general’s office found “significant errors and sloppiness” in how the first deal was crafted. But Attorney General Patrick Morrisey found “no evidence of intentional wrongdoing” by two board members, Athletic Director Oliver Luck and others.

The contract obligates IMG to pay a guaranteed rights fee of $4 million the first year and to raise that to $7.3 million by 2024-25.

WVU also gets bonuses for post-season play, including $25,000 if the football team earns a bowl game. If WVU wins a national title, IMG will pay a $100,000 bonus.

Basketball victories also pay off: WVU would get a $10,000 bonus for making it to the Sweet 16, $15,000 for making the NCAA’s Elite 8 and $25,000 for making it to a title game.

The contract also includes penalties.

IMG could negotiate lower royalties if WVU were to be sanctioned by the NCAA, change conference or suffer “material adverse publicity” that affects the ability to land sponsorships and advertising.

Text Only
Latest Sports
  • 041914 old white Old White to celebrate 100 years

    The home of The Greenbrier Classic will be having a birthday today, and the celebration should be something special.

    April 19, 2014 1 Photo

  • Mullens, Pineville to meet in Anderson Memorial

    After many years away from the sideline, legendary Mullens High School coach Don Nuckols is returning to the game of basketball.

    April 19, 2014

  • 041914 D'Antoni Lakers mum on D’Antoni

    Mike D’Antoni was still the Los Angeles Lakers’ coach when he left their training complex to spend the Easter weekend out of town with his family.

    April 19, 2014 1 Photo

  • 041914 gibby WVU trying to find speed on defense

    Tony Gibson took over as West Virginia’s new defensive coordinator over the winter with the goal of trying not to do too much to rock the boat. As the fourth coach to hold that spot in as many years, the Van native — in his second stint as a Mountaineer assistant — knew that his players needed some stability.

    April 19, 2014 1 Photo

  • 041814 Sisler Diamond Classic continues today

    Fayetteville pitcher Kaitlyn Sisler pitched five innings of shutout softball as the Pirates beat Oak Hill 10-0 Wednesday in the Diamond Classic in Fayetteville.

    April 17, 2014 1 Photo

  • D’Antoni’s Lakers future still unclear

    With the Los Angeles Lakers season officially over — the Lakers beat the Spurs 113-100 Wednesday but finished 27-55 overall, the most losses in the club’s history and the franchise’s worst winning percentage since the Minneapolis Lakers in 1957-58 — Marshall fans will be keeping a close eye on what’s going on in Tinsel Town over the coming days.

    April 17, 2014

  • Turnbull’s tenure dominates WVU wrestling history

    Did Oliver Luck really do a thorough job in deeply evaluating Craig Turnbull’s 36-year career as wrestling coach before firing him?

    April 17, 2014

  • WVU’s top football prospects working out for NFL teams

    As we draw ever closer to the NFL Draft, the prospect workouts for teams are picking up steam for former Mountaineers. Both running back Charles Sims and defensive end Will Clarke have a busy road ahead.

    April 17, 2014

  • 041814 james monroe Crusaders make history in loss to James Monroe

    The first season for Greater Beckley Christian’s baseball team has been met with growing pains — to say the least.

    April 17, 2014 1 Photo

  • 041714 millard Kickoff time set for WVU-Alabama

    West Virginia football fans can now start counting down to the exact minute, instead of just the day.

    April 17, 2014 1 Photo