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"The previous contracts, we have respected them … all legitimate contracts.
The previous contracts expired Aug. 31, and the unions rejected the university's contract offer.
The new contracts, Doty wrote, "materially changed almost every other aspect of the previous contracts".
That bounty was agreed to one month after Woods won the 1997 Masters -- and represented a doubling of the previous contracts.
Television contracts alone run in the billions, with the 2006-2011 contracts valued at approximately $3 billion annually, $800 million more than the previous contracts.
In total, at least 125 matches will be aired per-season across all three networks, and the three contracts have an average estimated value of $90 million per season five times larger than the average $18 million value of the previous contracts with ESPN, Univision, and NBC Sports.
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The previous contract expired April 1 , 2004
The previous contract of the Lay Faculty Association expired on Aug. 31.
The previous contract was held by Images USA, Atlanta.
The previous contract was set to expire next summer.
The previous contract ran for four years; the renewal is for an unspecified multiyear period.
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