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Florida State evaluating their options for their future...

Posted on 2/25/23 at 6:33 pm
Posted by LSUDVM1999
North Carolina
Member since Aug 2010
2111 posts
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 by MetroAtlantaGatorFan
Member since Jun 2017
15598 posts
Posted on 2/25/23 at 6:35 pm to
I wonder if they regret joining the ACC over the SEC back in 90.
Posted by HickoryofOld
PEC
Member since Jul 2011
253 posts
Posted on 2/25/23 at 6:37 pm to
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 by bad93ex
Walnut Cove
Member since Sep 2018
27652 posts
Posted on 2/25/23 at 6:40 pm to
They're going to the B1G
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120774 posts
Posted on 2/25/23 at 6:44 pm to
I believe SEC teams get about 60 million a year from media rights
Posted by GentleJackJones
Member since Mar 2019
4234 posts
Posted on 2/25/23 at 6:46 pm to
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.
This post was edited on 2/25/23 at 6:49 pm
Posted by WestCoastAg
Member since Oct 2012
145479 posts
Posted on 2/25/23 at 6:50 pm to
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 by Lsuhoohoo
Member since Sep 2007
95091 posts
Posted on 2/25/23 at 7:31 pm to
quote:

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 is where we're headed in college football. How long is Alabama going to tolerate getting the same media rights payout as Vandy? It's all going to move towards the powers saying we generate x revenue for the conference but only get back some lower number.
Posted by Rhino5
Atlanta
Member since Nov 2014
28909 posts
Posted on 2/26/23 at 8:41 am to
FSU should be an SEC team.

frick Texas and Oklahoma joining.
Posted by LSUJuicer
Member since Jan 2013
3362 posts
Posted on 2/26/23 at 9:30 am to
As an SEC fan I would love UNC and Duke.

Football: Alabama, Auburn, Florida, Georgia, LSU, Texas, Oklahoma, Tennessee (others but you get the point)

Basketball: Kentucky, North Carolina, Duke, Texas, Tennessee

Baseball: LSU, Florida, Vanderbilt, UNC, Texas, Tennessee, Ole Miss, Arkansas, Miss St

Adding two basketball programs gets the SEC closer to dominating the three majors.
Posted by AUCE05
Member since Dec 2009
42584 posts
Posted on 2/26/23 at 12:01 pm to
A quick analysis will tell FSU they can just pay the buyout and break even after X amount of years. Assuming a SEC with FSU can generate 75M per team/year, that extra 45M a year will go a long way to paying off debts.
Posted by NCIS_76
Member since Jan 2021
5246 posts
Posted on 2/26/23 at 1:07 pm to
They don’t have much of a future for not joining the SEC when they had a chance to.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42661 posts
Posted on 2/26/23 at 1:29 pm to
SEC needs to kick out A&M and Mizzou and pick up FSU/Clemson
Posted by MetroAtlantaGatorFan
Member since Jun 2017
15598 posts
Posted on 2/26/23 at 1:58 pm to
I've seen some graph floating around that would place FSU #3 in the SEC in terms of revenue minus conference payout but I don't see how that's true.

https://webcache.googleusercontent.com/search?q=cache:ednTO6bOIrYJ:https://sports.usatoday.com/ncaa/finances&cd=1&hl=en&ct=clnk&gl=us&client=firefox-b-1-d

https://www.linkedin.com/pulse/i-found-18-profitable-211-money-losing-ncaa-public-scott-hirko-ph-d-

This here, someone posted it on the Rant:

This post was edited on 2/26/23 at 2:03 pm
Posted by tigeroarz1
Winston-Salem, NC
Member since Oct 2013
3412 posts
Posted on 2/26/23 at 4:07 pm to
Anyone who leaves the ACC will not get TV revenue until 2036. It all will go to the ACC if they are in another conference.
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