Conference administrators felt going to the open market would net the Big East a better deal by forcing networks to bid against each other.

FORBES: What The Big East's New TV Deals Mean For The Conference's Future

Beijing responded on Sunday with a bid to stanch upward pressure on its currency by forcing banks and exporters to sell yuan in favor of dollars.

WSJ: Asian Governments Take Measures to Battle Strong Currencies

Last year it completely stopped the contract, forcing a court to decide whether the Air Force could go ahead with a new bid.

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