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Florida State evaluating their options for their future...
Posted on 2/25/23 at 6:33 pm
Posted on 2/25/23 at 6:33 pm
LINK
quote:
At a Florida State University Board of Trustees meeting on Friday, Seminoless athletic director Michael Alford was posed an interesting question, according to Matt Baker of the Tampa Bay Times. The question: How much money would it cost Florida State to leave the ACC?
The answer, provided by the university’s legal counsel, is that it would cost Florida State somewhere in the neighborhood of $120 million to bail from the ACC and the league’s current media-rights deal.
As it currently stands, Alford said, Florida State creates about 15% of the revenue for the conference but only gets a return of 7%. This has led to a resource gap.
“At the end of the day, if something’s not done, we cannot be $30 million behind every year compared to our peers,” Alford said.
Baker reported that a trustee asked roughly the following question: “So if we make up the $30 million we’re behind from our peers … we’d break even in roughly four years?”
Alford responded that hypothetically, yes, that would be the the case. That means that if Florida State were to pay $120 million (or so) to get to a league that would offer significantly more under its media-rights deal, it would take at least four years to make up what was spent.
Before any of this back and forth about leaving the ACC and the associated costs and benefits, Alford drew a bottom line about Florida State needing to increase revenues. “At the end of the day for Florida State to compete nationally, something has to change going forward,” Alford said.
That might be ACC revenue distribution, but at least one trustee is thinking about a bigger change than that.
Posted on 2/25/23 at 6:35 pm to LSUDVM1999
I wonder if they regret joining the ACC over the SEC back in 90.
Posted on 2/25/23 at 6:37 pm to LSUDVM1999
I thought beyond the $120M, leaving the ACC also means they give up their media earnings until 2036, when the current ACC deal ends… if it was just that $120M, I think a move may have already happened.
Posted on 2/25/23 at 6:37 pm to MetroAtlantaGatorFan
quote:
I wonder if they regret joining the ACC over the SEC back in 90.
I'd say that's an easy one to answer.
Posted on 2/25/23 at 6:39 pm to UASports23
I don't know, FSU fans told me for years that they didn't need the SEC.
Posted on 2/25/23 at 6:44 pm to LSUDVM1999
I believe SEC teams get about 60 million a year from media rights
Posted on 2/25/23 at 6:46 pm to LSUDVM1999
I’ve said it before, the SEC has and needs to drop the “southeastern” precondition, within reason. They have with the additions of Missouri, Oklahoma, and a case can be made for A&M and Texas. We don’t need FSU, NC State, UNC, VT, Virginia, Miami, and so forth.
It’ll likely never happen, but if you really, really wanted to make the ultimate statement and solidly yourself as the GOAT, add Notre Dame and Ohio State. Nothing else is needed.
It’ll likely never happen, but if you really, really wanted to make the ultimate statement and solidly yourself as the GOAT, add Notre Dame and Ohio State. Nothing else is needed.
This post was edited on 2/25/23 at 6:49 pm
Posted on 2/25/23 at 6:48 pm to HickoryofOld
quote:
I thought beyond the $120M, leaving the ACC also means they give up their media earnings until 2036, when the current ACC deal ends… if it was just that $120M, I think a move may have already happened.
Yep. This is right unless they win a legal battle over the GOR.
Posted on 2/25/23 at 6:48 pm to MetroAtlantaGatorFan
quote:
I wonder if they regret joining the ACC over the SEC back in 90.
I'm sure they do. Bobby was a wuss. His Christianity gimmick predates Dabo.
This post was edited on 2/25/23 at 8:46 pm
Posted on 2/25/23 at 6:49 pm to GentleJackJones
I actually want FSU in the SEC.
Posted on 2/25/23 at 6:49 pm to GentleJackJones
quote:
I’ve said it before, the SEC has and needs to drop the “southeastern” precondition
The SEC doesn’t need to do anything. It’s clearly the best conference in the most important sport, and population trends favor it long term over the B1G.
Posted on 2/25/23 at 6:50 pm to MetroAtlantaGatorFan
Culturally FSU and Clemson would fit in well. Carolina and Virginia schools not as much
Posted on 2/25/23 at 6:50 pm to TomRollTideRitter
quote:
Yep. This is right unless they win a legal battle over the GOR.
It's a longshot, but maybe that can be voided since Swofford's (ACC commish in 2016) son was a big wig with Raycom at the time and they can argue nepotism.
Posted on 2/25/23 at 6:50 pm to LSUDVM1999
ACC schools can say whatever they want, GORs are proven to be pretty ironclad time and time again
This post was edited on 2/25/23 at 6:51 pm
Posted on 2/25/23 at 6:51 pm to bad93ex
quote:
They're going to the B1G
It wouldn't surprise me.
They would make up that $120M in TV revenue alone in like 3 years.
Posted on 2/25/23 at 6:52 pm to KosmoCramer
They aren't AAU though.
And before you bring up ND, we both know they're the exception and not the rule.
And before you bring up ND, we both know they're the exception and not the rule.
Posted on 2/25/23 at 6:53 pm to MetroAtlantaGatorFan
and they would still have to deal with the GOR after paying that 120 million which is absolutely insane in its own right
ACC schools are stuck
ACC schools are stuck
Posted on 2/25/23 at 6:54 pm to WestCoastAg
Isn't the SEC helping to pay for OU and Texas leaving the Big 12? I'm sure we could do the same for Clemson and FSU.
Posted on 2/25/23 at 6:58 pm to TomRollTideRitter
quote:
in the most important sport, and population trends favor it long term over the B1G.
True, but demographics are not destiny. If the Ivy League decided to continue to emphasize sports college football would look a lot different.
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