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Why is CFB money so stupid?
Posted on 11/22/24 at 10:41 am
Posted on 11/22/24 at 10:41 am
So bryce will get 4 mill a year. I know its cfb and each school has these super rich boosters and its market value or whatever. But we also have the coaching contracts where if you fire a coach for not WINNING ( #1 job of a coach) you have to pay buyouts because you hired someone who wasnt fulfilling their responsibility. I think Freezes buyout at Auburn is 30-50 million. And Harsin got something similar. Its just insane wasting of $$$.. How long would it take you to make 4 million at your job?
This post was edited on 11/22/24 at 10:42 am
8
Posted on 11/22/24 at 10:43 am to Scoper
It’s the same issue the NFL ran into back in the early 2000’s with guaranteed rookie contracts. They’re tying up huge amounts of money in unproven assets. That is not good business and it often backfired.
The NFL corrected it. CFB boosters will do the same eventually.
The NFL corrected it. CFB boosters will do the same eventually.
Posted on 11/22/24 at 10:48 am to Scoper
quote:
Its just insane wasting of $$$..
Yep. But, when a river of money comes in from TV contracts, tickets, apparel — who should get it?
Universities got it, then coaches contracts got big. But there was still money to go around- so players got paid.
Seems hard to accept all these people getting paid crazy money for a game. But, the money has to go to somebody.
Posted on 11/22/24 at 11:07 am to p226
quote:
Yep. But, when a river of money comes in from TV contracts, tickets, apparel — who should get it?
That's not where the big NIL money is coming from, when they do revenue sharing in the future they will tap the money you are talking about.
Posted on 11/22/24 at 11:12 am to Scoper
quote:Because the sport has been a billion dollar business for years. The NCAA, Universities and coaches have been making bank the entire time. The networks pay out huge contracts for television rights. Now we're seeing with more transparency the money paid to players, which has always happened, but under the table.
Why is CFB money so stupid?
I don't blame the players one bit for wanting a piece of the pie. It's not like everyone was breaking even to keep the sport afloat. Dudes have been getting rich for a long time.
Posted on 11/22/24 at 11:15 am to Scoper
quote:
Why is CFB money so stupid?
Because it's emotion driven.
Posted on 11/22/24 at 11:36 am to Scoper
It's an undisciplined market and industry and the victims are resisting guardrails that could put them in a more competitive position.
Posted on 11/22/24 at 7:35 pm to mdomingue
quote:
in the future they will tap the money you are talking about.
???? Hold on. “Tap the money”…
I thought every university in the conference getting an equal share of the proceeds from the SEC TV contract was revenue sharing.
It’s been shared for years, but …. still …. players aren’t happy. Fans aren’t happy with the deal struck to make players happy (NIL).
So, what’s the next big idea?
I don’t have an answer. I don’t like coaches and universities making 10’s of millions a year while college athletes make nothing.
But, making college ball a pro game with 17 yr old’s getting $12 Million deals before they can legally vote isn’t righ either.
So what’s “in the future” you think?
Posted on 11/22/24 at 7:41 pm to drizztiger
quote:What do you think schools are doing with the money? It isn’t like they’re pro franchise owners just putting profits in their pockets.
It's not like everyone was breaking even to keep the sport afloat
Posted on 11/22/24 at 7:43 pm to p226
It has been a business for a very long time.
Look at all professional teams and what they pay percentage wise on coaching versus talent
We’re paying coaches $20 M. We might be paying players 20% of that
Huge correction coming. And I don’t give a shite. Those salaries will only come indirectly through me watching ads during games incidentally
Look at all professional teams and what they pay percentage wise on coaching versus talent
We’re paying coaches $20 M. We might be paying players 20% of that
Huge correction coming. And I don’t give a shite. Those salaries will only come indirectly through me watching ads during games incidentally
Posted on 11/22/24 at 7:49 pm to p226
quote:quote:
in the future they will tap the money you are talking about.
???? Hold on. “Tap the money”…
I thought every university in the conference getting an equal share of the proceeds from the SEC TV contract was revenue sharing.
It’s been shared for years, but …. still …. players aren’t happy. Fans aren’t happy with the deal struck to make players happy (NIL).
So, what’s the next big idea?
I don’t have an answer. I don’t like coaches and universities making 10’s of millions a year while college athletes make nothing.
But, making college ball a pro game with 17 yr old’s getting $12 Million deals before they can legally vote isn’t righ either.
So what’s “in the future” you think?
Tapping that money to pay players, we are talking about NIL. What are you confused about?
Currently, that money and the revenue shred is to the university athletic departments and not available for NIL payments.
Proposed revenue-sharing strategies in the future may include payments directly to players, though the money will probably be evenly divided among all players. Sort of making the players effectively employees.
Posted on 11/22/24 at 7:59 pm to Scoper
These dollars amounts will likely fall a bit when we see players not performing up to expectations, and boosters will adjust what they're willing to give up over time.
But most people won't make $4,000,000 at their jobs because they don't have jobs that pack stadiums, sell tickets, increase interest, etc. The demand is greater for elite athletes. There is significantly less of a demand for the WNBA, which is why WNBA players make significantly less than NBA players (it's not sexism). People with skill sets in very high demand command a high price and are not as easy to obtain or replace like the average person working his job is.
Envy and not understanding basic economics isn't the answer.
But most people won't make $4,000,000 at their jobs because they don't have jobs that pack stadiums, sell tickets, increase interest, etc. The demand is greater for elite athletes. There is significantly less of a demand for the WNBA, which is why WNBA players make significantly less than NBA players (it's not sexism). People with skill sets in very high demand command a high price and are not as easy to obtain or replace like the average person working his job is.
Envy and not understanding basic economics isn't the answer.
Posted on 11/22/24 at 9:46 pm to MOT
quote:You can’t be this obtuse.
What do you think schools are doing with the money? It isn’t like they’re pro franchise owners just putting profits in their pockets.
Posted on 11/22/24 at 9:53 pm to RB10
quote:
The NFL corrected it. CFB boosters will do the same eventually.
I’ll believe it when it happens. People have been saying that for several years now and nothing’s changed.
Posted on 11/22/24 at 10:11 pm to drizztiger
quote:So you don’t have an answer? I didn’t say there isn’t a lot of money involved but I’m genuinely curious as to what some of you think schools are doing with it other than putting it back into the school, athletic department, and program.
You can’t be this obtuse.
Posted on 11/22/24 at 10:17 pm to MOT
LSU is getting ready to have to pay many former Tiger athletes $22 million over two years. That's for the past. PLUS, LSUAD is gonna have to revenue share with its current and future athletes what amounts to about $21 million per year. PLUS the athletes can still get unlimited NIL.
IMO, this is so far "out of bounds" of reality that it is insane.
IMO, this is so far "out of bounds" of reality that it is insane.
Posted on 11/22/24 at 11:14 pm to mdomingue
quote:
What are you confused about?
Honestly? I'm confused about all of this.
What money goes to who? Who is paying the coach? Who really are "the boosters"? There's not a list or anything. SEC TV contract money goes to .... the University, I think? Then what? University can spend that money on some things, but not just anything.
College can't pay the players, but they can pay the coach. Some states taxpayers pay the coach. Other states, coaches paid by the university only -- but if the University is a state university .... what then?
Some states, the state legislature passes laws (like in Mississippi, Lane Kiffin's contract is limited by state law). PLEASE tell me Jeff Landry has no say. BUT, governor appoints the BoS for LSU. what does the BoS do?
And how does TAF figure into all this? They get money from season ticket holders..... and from donations .... but TAF is not "the boosters".
I'm confused. And I'm not ashamed to admit it.
Help me out here?
Posted on 11/22/24 at 11:52 pm to Scoper
Because it's filled with boosters that aren't rich enough to buy pro franchises, but still have more money than they know what to do with.
Posted on 11/23/24 at 9:35 am to p226
Those are all good questions. And it can be very confusing.
That is a loaded question
and it is the source of most of the confusion. I will tell you what my understanding is, but know that I do make plenty of mistakes so feel free to question or verify anything I say. That is good practice anyway and no one should ever be offended if you double-check them.
The athletic department pays the coach at LSU. Their monies are provided outside of the University's public funding. TAF is part of that as well as other private donations.
This one is nuanced. There is a technical definition as provided by the NCAA. That one is very broad.
If you ever bought season tickets or joined TAF at the most basic level ($50/year at one time), congratulations, you are a booster.
My understanding is that money goes to the LSU Athletic Department. They spend that money on athletic department business and sometimes donate money back to the University for academics, etc. They cannot directly spend any of that on NIL from what I know.
State laws and University policies will govern that. LSU's athletic department operates independently of the university's state funding other than using buildings located on state-owned property. Many of those buildings were funded by athletic department funds. Some states require the university to pay the coach a salary directly, though I think most of those salaries are supplemented by outside money, those salaries are typically much to low to attract a coach without outside funding.
That is the state contract, I am pretty sure that Lane gets supplemental pay that is not controlled by the state.
He does not have a say directly over any of that. The BOS has some say but the specifics are unclear to me. Several posters on here have much better knowledge of this than I do. I think the BoS does have to approve contract but they have typically done whatever the AD requests.
TAF is an independent foundation solely dedicated to LSU athletics and is a vehicle for boosters to consolidate money for the athletic department.I am unsure how the NCAA views TAF and similar organizations but I think they are also prohibited from operating directly in the NIL space. Anyon on here with knowledge of that will hopefully answer that question for us.
Anyone associated with TAF or who gives them money is a booster.
If we are all completely honest, most of us have at least some confusion. I'm pretty sure that even includes the NCAA
I hope I helped a little, odds are I actually muddied the waters even more 
quote:
What money goes to who?
That is a loaded question
and it is the source of most of the confusion. I will tell you what my understanding is, but know that I do make plenty of mistakes so feel free to question or verify anything I say. That is good practice anyway and no one should ever be offended if you double-check them. quote:
Who is paying the coach?
The athletic department pays the coach at LSU. Their monies are provided outside of the University's public funding. TAF is part of that as well as other private donations.
quote:
Who really are "the boosters"?
This one is nuanced. There is a technical definition as provided by the NCAA. That one is very broad.
quote:
Boosters, referred to by the NCAA as “representatives of the institution’s athletic interests,” include anyone who has:
Provided a donation in order to obtain season tickets for any sport at the university.
Participated in or has been a member of an organization promoting the university’s athletics programs.
Made financial contributions to the athletic department or to a university booster organization.
Arranged for or provided employment for enrolled student-athletes.
Assisted or has been requested by university staff to assist in the recruitment of prospective student-athletes.
Assisted in providing benefits to enrolled student athletes or their families.
Been involved otherwise in promoting university athletics.
If you ever bought season tickets or joined TAF at the most basic level ($50/year at one time), congratulations, you are a booster.
quote:
There's not a list or anything. SEC TV contract money goes to .... the University, I think? Then what? University can spend that money on some things, but not just anything.
My understanding is that money goes to the LSU Athletic Department. They spend that money on athletic department business and sometimes donate money back to the University for academics, etc. They cannot directly spend any of that on NIL from what I know.
quote:
College can't pay the players, but they can pay the coach. Some states taxpayers pay the coach. Other states, coaches paid by the university only -- but if the University is a state university .... what then?
State laws and University policies will govern that. LSU's athletic department operates independently of the university's state funding other than using buildings located on state-owned property. Many of those buildings were funded by athletic department funds. Some states require the university to pay the coach a salary directly, though I think most of those salaries are supplemented by outside money, those salaries are typically much to low to attract a coach without outside funding.
quote:
Some states, the state legislature passes laws (like in Mississippi, Lane Kiffin's contract is limited by state law).
That is the state contract, I am pretty sure that Lane gets supplemental pay that is not controlled by the state.
quote:
PLEASE tell me Jeff Landry has no say. BUT, governor appoints the BoS for LSU. what does the BoS do?
He does not have a say directly over any of that. The BOS has some say but the specifics are unclear to me. Several posters on here have much better knowledge of this than I do. I think the BoS does have to approve contract but they have typically done whatever the AD requests.
quote:
And how does TAF figure into all this? They get money from season ticket holders..... and from donations .... but TAF is not "the boosters".
TAF is an independent foundation solely dedicated to LSU athletics and is a vehicle for boosters to consolidate money for the athletic department.I am unsure how the NCAA views TAF and similar organizations but I think they are also prohibited from operating directly in the NIL space. Anyon on here with knowledge of that will hopefully answer that question for us.
Anyone associated with TAF or who gives them money is a booster.
quote:
I'm confused. And I'm not ashamed to admit it.
If we are all completely honest, most of us have at least some confusion. I'm pretty sure that even includes the NCAA
quote:
Help me out here?
I hope I helped a little, odds are I actually muddied the waters even more
Posted on 11/23/24 at 10:03 am to Scoper
Because college football doesn't exist anymore. These professional teams need to disassociate from universities so that these EDUCATIONAL INSTITUTIONS can spend money on the important things that currently go underfunded.
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