HONOLULU - The University of Hawaii at Manoa Athletics Department has reached an agreement in principle with KHNL/KFVE (K5) and Oceanic Time Warner Cable for the telecast rights of UH men's and women's sports.
The agreement will pay UH a minimum of $14.52 million over six years, pending certain financial benchmarks being met by the end of the third year.
"We are very pleased to continue our partnership with Oceanic and K5," Jim Donovan, UH athletics director said. "I believe this is one of the most lucrative local television packages in the country. Through this relationship, our fans have enjoyed extensive coverage of UH sporting events and the revenue has really helped support our student-athletes."
In addition to the rights fee, UH will receive more than $350,000 annually in commercial production and advertising time on K5, KHNL, and Oceanic's various channels and networks.
As a benefit to UH fans, football season-ticket holders will receive a 50 percent discount on a special road pay-per-view package. For the 2008 season, fans must purchase their football season tickets by July 18 to qualify for the discount, which will be worth more than $75 if three games are on the road pay-per-view package.
"We think this partnership with UH and K5 presents some exciting new possibilities for viewers and fans alike," Nate Smith, president of Oceanic Time Warner Cable, said. "Using K5's traditional broadcasting of UH sports as a foundation, Oceanic plans to augment that experience through the use of its fiber network combined with emerging digital technologies. This ability to watch UH sports as it has been presented for the past 25 years or opt for a newer more interactive presentation is what Oceanic's mission is all about."
UH will receive additional compensation from pay-per-view (if sales exceed a predetermined figure) and revenue from new technologies, including IPTV, webcasting, podcasting, and other internet opportunities.