- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
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 6:44 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 6:50 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 7:31 pm to LSUDVM1999
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 on 2/26/23 at 8:41 am to LSUDVM1999
FSU should be an SEC team.
frick Texas and Oklahoma joining.
frick Texas and Oklahoma joining.
Posted on 2/26/23 at 9:30 am to LSUDVM1999
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.
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 on 2/26/23 at 12:01 pm to LSUDVM1999
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 on 2/26/23 at 1:07 pm to LSUDVM1999
They don’t have much of a future for not joining the SEC when they had a chance to.
Posted on 2/26/23 at 1:29 pm to LSUDVM1999
SEC needs to kick out A&M and Mizzou and pick up FSU/Clemson
Posted on 2/26/23 at 1:58 pm to LSUDVM1999
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:
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 on 2/26/23 at 4:07 pm to LSUDVM1999
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.
Popular
Back to top
Follow TigerDroppings for LSU Football News