IRL ABC contract

Rumor in some circles is that IRL is making a profit of $16 million from their ABC TV contract per season. Supposedly ABC pays the IRL $32 Million for the Indy 500, and then the IRL repays ABC $1 Million for the other 16 races (i.e. a time buy just like Champ Car, ALMS, etc.) for a net of $16 Million.