That's the average that the current P5 contracts are paying per home game. That includes marquee games like Alabama/LSU and the mundane games like Rutgers v. Maryland that never see the light of day. It also includes OOC games where a P5 team plays G5 or FCS teams.
Here's what the payout, per home game, is for each conference TV contract:
B1G: $8.5 million
SEC: $7.28 million
ACC: $6.7 million
B12: $6.68 million
P12: $4.17 million
By comparison, the AAC teams get paid $1.17 million per home game. The MWC teams currently are getting paid $180,000 per home game (but the conference should be signing a new TV contract in the next month or two).
BYU's inventory of home games through 2026 are:
Category 1: P5 Games (13 total): Michigan State, Mizzou, Baylor, Minnesota, Arizona, Utah, Arizona State, Tennessee, Virginia (X2), Arkansas, Stanford (X2)
Category 2: Reasonably interesting G5 games (11 total): Boise (x3), Houston, USU (x2), SDSU, Wyoming, Hawaii, UCF, UNLV
Category 3: Snoozer/FCS games (8 total): USF, Idaho State, Dixie State, East Carolina, Rice, S.Utah, Georgia Southern, N.Alabama
If the terms of the new contract are anything like the old contract, BYUtv will get one home game per year (typically the worst home game of the year). Most of the Category 3 games would go to BYUtv. So the ESPN contract deals pretty much only with Category 1 and 2 games.
Is BYU's offering in the first two categories reasonably similar to an average P5 home schedule to get similar money? It's close. You could probably argue either way. Here are this year's home schedules for some random top P5 teams. Remember, every one of these games is paying out an average of $6.7 million to the home team:
Alabama: Duke, NM State, Southern Miss, Ole Miss, Tennesee, Arkansas, LSU, Western Carolina
Oklahoma: Houston, South Dakota, Texas Tech, WV, Iowa State, TCU
Clemson: Georgia Tech, Syracuse, Charlotte, FSU, Boston College, Wofford, Wake Forest
Ohio State: Florida Atlantic, Cincinnati, Miami Ohio, Michigan State, Wisconsin, Maryland, Penn State
Utah: N. Illinois, Idaho State, Washington State, Arizona State, Cal, UCLA, CU
Georgia: Murray State, Arkansas State, Notre Dame, South Carolina, Kentucky, Mizzou, aTm
Now compare that to the top AAC teams' schedules (paying out $1.1 million per home game):
Memphis: Ole Miss, Southern, Navy, Tulane, SMU, Cincinnati
SMU: North Texas, Texas State, Tulsa, Temple, ECU, Tulane
Clearly BYU's inventory when you only consider Category 1 and 2 is closer to the P5 inventory than the AAC type of schedule. Is BYU's inventory comparable to a typical P12, ACC or B12 home schedule? Probably. It's close. A typical P12/B12/ACC schedule might have one or two games of national interest per year, plus a couple OK games, and two snoozer games that nobody outside the immediate fan base cares about. Because we're giving our snoozer games to BYUtv, our home schedules for ESPN are arguably deeper top to bottom. Is it the same as an SEC or B1G team's inventory? No. The middle to bottom might be similar, but we lack the top end games of the SEC/B1G.
Nobody has any idea what our new contract will payout, but in terms of quality, it should be much closer to a P5 payout than the AAC contract.