Report: Pat McAfee Show Takes $35 Million Loss on ESPN Deal
PITTSBURGH -- A few of the city of Pittsburgh's biggest stars are officially moving their production as the Pat McAfee Show is set to switch over to ESPN later this fall. And as their new deal gets finalized, the numbers for the show have been released, with McAfee taking a pretty steep loss in money with his new contract.
After leaving a four-year, $120 million deal with FanDuel to move over to ESPN, McAfee is now set to make $85 million over a five-year span, according to Andrew Marchand of the New York Post.
According to Marchand, McAfee will be paying his employees and producing the show all by himself moving forward, just as he has up to this point. ESPN, on the other hand, will be handling the "back end" obligations such as league rights, talent for guests, etc.
What ESPN handles and the financials behind it will determine exactly what profits the show makes with the new deal and how much loss or gain they get from it after leaving FanDuel.
The Pat McAfee Show is still set to air on weekdays and will put out 230 shows per year for ESPN. They'll air on ESPN and on ESPN's YouTube channel.
"We’re hoping that we can help ESPN be the most fantastic it has ever been in our next chapter," McAfee told Marchand. "We’re taking A LOT of pride in being offered 10 hours a week on ESPN. I’m thinking there’s a chance we’ll have an effect on sports media as a whole. That’s cool to think about for a dude who wasn’t accepted into the NFL’s Broadcast Bootcamp on a few different occasions. Burke Magnus, the new President of Content, has been a cool guy to learn about. I like him as a human and he LOVES sports and everything that comes with them. Just like us… It’s gonna be sweet."
McAfee and others within his crew, such as Pittsburgh Steelers fan Tone Digs, grew up in Plum, just outside of the city. The show isn't expected to see much change outside of the crew agreeing to say the f-word less. Besides that, they've vowed to keep content and their guests, such as NFL Network's Ian Rapoport, the same moving forward.
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