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UH-Oceanic deal extends pay-per-view football through 2019

    Hawaii's Billy Ray Stutzman hauled in a pass as New Mexico's Tim Foley grabbed hold of his jersey at Aloha Stadium on Oct. 13, 2012.

Oceanic Time Warner Cable will remain the exclusive TV rights holder for University of Hawaii sports through June 30, 2020, under an agreement announced today.

The pay-per-view airing of Rainbow Warrior football will continue through the 2019 season. 

The six-year extension with Oceanic calls for UH to receive a minimum payment of $2.3 million this year escalating to $2,539,386 at the contract’s conclusion as long as at least seven football games are made available to Oceanic each year, according to the agreement. UH can earn a higher fee if specified net revenue targets are reached.

UH had been receiving a minimum $2.3 million per year for live TV and PPV rights and received as much as $2.6 million in 2008. 

Oceanic is mandated to do at least 60 events a year, the same threshold as in previous contracts. 

Under terms of the existing agreement, Friday was the final day of an exclusive four-month window for Oceanic to negotiate an extension with UH. Had a deal not been reached, UH would have been free to open up bidding to other parties.

KHNL/KGMB, which has a "shared services agreement" with KFVE, had sought an opportunity to make a proposal.

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