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What's the Big Deal?

SUMMARY This paper is based on a presentation given by Ken Frazier in tandem with Loretta Ebert. The term “Big Deal” is used to describe licensing agreements that provide expanded or complete access to the e-journal content of major publishers. The author discusses the liabilities and opportunities created by a library collection development strategy that avoids buying into Big Deals and focuses instead on journal cost-effectiveness. Even the most cost-effective Big Deals are not financially sustainable and can, at best, provide a transition to a more open and affordable scholarly communication system.