I would have thought the AFL is feeling pretty good about where things are with losing only 12 to 13% of rights value. The hit will still be a bit higher this year due to loss of crowds (net of standing down large numbers of the workforce, player cuts) but ultimately the AFL's flagged reduction in the soft cap could in theory totally absorb the entire loss.
Meanwhile the NRL got belted with a 25% cut and have apparently committed to giving more money to the clubs.
So put the dollars up, not the %s, its the dollars that count.