Summarizing what I'm seeing on Twitter and putting that up against the industry chatter I have as my background:
- If it's Apple instead Google/YouTube, that probably means no upfront payment or purchase structure is included. Just a straight licensing deal, though the PAC Network would likely be utilized by the schools for game production.
- "Limited linear" and "almost all streaming" tells me it's probably Apple getting 90% of games and sublicensing some to a partner. Sounds like ESPN isn't one of those partners. I saw Wilner say WarnerDiscovery Sports (TNT/TBS) could be an option. That could also mean CBS, in a roundabout kind of way.
- Also probably means that the biggest events, like the PAC championship game and basketball tournament, could be streaming only. That could be a deal breaker.
- Maybe he's worked the math to get to $25mm base plus some "performance" potential? Hard to imagine them getting the subs necessary to make those a reality, but who knows.