Pat McAfee isn’t a very popular person on social media today.
Two months ago, McAfee signed a lucrative 5-year $85 million to move his YouTube show to ESPN and work full-time for the “Worldwide Leader in Sports” despite the fact the company announced they were going to be making drastic layoffs.
Via Andrew Marchand of the NY Post
Pat McAfee’s deal with ESPN is for five years and around $85 million, The Post has learned.
With the contract, beginning this fall, the next chapter of the “The Pat McAfee Show” will air on weekday sports television’s most powerful platforms. It will be on ESPN’s cable channel, on ESPN’s free YouTube channel and on its direct-to-consumer streaming service, ESPN+.
For its $17 million, ESPN will receive 230 fully produced shows a year that it can sell advertising against.
On Friday, ESPN announced its latest wave of brutal layoffs that included several high-profile names such as Jeff Van Gundy, Suzy Kolber, Jalen Rose, Steve Young, Keyshawn Johnson, and Max Kellerman.
𝐑𝐞𝐩𝐨𝐫𝐭: ESPN is firing 20 on-air personalities today, per @AndrewMarchand
Notable personalities such as Max Kellerman, Keyshawn Johnson, Jay Williams, Steve Young and Suzy Kolber are among those also considered to be at risk.
More here:https://t.co/rk5lKslW4E pic.twitter.com/X4WJFV3tlj
— Dov Kleiman (@NFL_DovKleiman) June 30, 2023
According to the NY Post, ESPN believes it will make money with McAfee’s contract and save money with the layoffs.
Via NY Post
The hope is by cutting those making in excess of seven figures per year, ESPN would be able to save more behind-the-scenes people.
It will still spend when it sees fit as in the case of Pat McAfee, whom the network recently inked to a five-year deal in the neighborhood of $85 million for his show that begins in the fall on ESPN.
ESPN executives believe McAfee’s deal will make the network money from Day 1.
McAfee’s name began trending on social media on Friday as sports fans blamed him for the layoffs.
ESPN out here firing Jalen Rose, Keyshawn Johnson, Jeff Van Gundy and Max Kellerman to clear all that cap space for Pat McAfee, it’s an evil world we live in.
— Ahmed/The Ears/IG: BigBizTheGod 🇸🇴 (@big_business_) June 30, 2023
I don’t know a single person who enjoys Pat McAfee, ESPN firing so many great employees just to overpay for a glorified frat bro is one of the most baffling business decisions i’ve ever seen
— Hoodie Maybin (@HoodieMaybin) June 30, 2023
ESPN used the whole salary cap on Pat McAfee and now they’re sending the bruhs to Telemundo 🤣🤣💀
— 73-9 and THEY LIED (@CuffsTheLegend) June 30, 2023
I love Pat McAfee but at what cost 😞 https://t.co/PtQL5J7fBm
— PFTGym (@PFTGym) June 30, 2023
clearing up cap space and tossing away legends so espn can sign pat mcafee. nasty stuff https://t.co/lwuXFJZabk
— zach jacobson (@itszacharyj) June 30, 2023