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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
2074 posts
Posted on 2/25/23 at 6:33 pm
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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 UASports23
Member since Nov 2009
24347 posts
Posted on 2/25/23 at 6:37 pm to
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 by MetroAtlantaGatorFan
Member since Jun 2017
15598 posts
Posted on 2/25/23 at 6:39 pm to
I don't know, FSU fans told me for years that they didn't need the SEC.
Posted by bad93ex
Member since Sep 2018
27103 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
120244 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
4155 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 TomRollTideRitter
Member since Aug 2016
12618 posts
Posted on 2/25/23 at 6:48 pm to
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 by Ralph_Wiggum
Sugarland
Member since Jul 2005
10666 posts
Posted on 2/25/23 at 6:48 pm to
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 by MetroAtlantaGatorFan
Member since Jun 2017
15598 posts
Posted on 2/25/23 at 6:49 pm to
I actually want FSU in the SEC.
Posted by TomRollTideRitter
Member since Aug 2016
12618 posts
Posted on 2/25/23 at 6:49 pm to
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 by Cosmo
glassman's guest house
Member since Oct 2003
120244 posts
Posted on 2/25/23 at 6:50 pm to
Culturally FSU and Clemson would fit in well. Carolina and Virginia schools not as much
Posted by MetroAtlantaGatorFan
Member since Jun 2017
15598 posts
Posted on 2/25/23 at 6:50 pm to
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 by WestCoastAg
Member since Oct 2012
145135 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 KosmoCramer
Member since Dec 2007
76516 posts
Posted on 2/25/23 at 6:51 pm to
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 by MetroAtlantaGatorFan
Member since Jun 2017
15598 posts
Posted on 2/25/23 at 6:52 pm to
They aren't AAU though.
And before you bring up ND, we both know they're the exception and not the rule.
Posted by WestCoastAg
Member since Oct 2012
145135 posts
Posted on 2/25/23 at 6:53 pm to
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
Posted by MetroAtlantaGatorFan
Member since Jun 2017
15598 posts
Posted on 2/25/23 at 6:54 pm to
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 by Ralph_Wiggum
Sugarland
Member since Jul 2005
10666 posts
Posted on 2/25/23 at 6:58 pm to
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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