New CUSA television deal costs Southern Miss $700K in revenue

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Usually a big television deal is very good for any conference in the collegiate sports world. However, the Conference USA’s newest deal with a number of television networks has cost Southern Miss some big money over the next few years.

This new deal will allow Conference USA sporting events to be shown on a vast array of networks, including ESPN and FOX. However, it also means that the institutes will lose about $200,000 annually, resulting in about $700,000 over the next four years, despite the deal generating $2.8 million in television revenue.

It will be an enormous challenge,” Southern Miss athletic director Bill McGillis told the Hattiesburg American. “It will be a combination of continuing to tighten our bootstraps, maintaining a very lean budget on the expense side and really carefully managing those resources.”

The conference will also lose money generated by exit fees, which teams like Tulane, Houston, and Memphis. Each institution were given about $1.1 million from the fees.

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*Featured Photo (above) credit to USA TODAY Sports