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re: Florida State is more than $430M in debt, complicating the $68M Norvell buyout
Posted on 10/13/26 at 9:58 pm to WinnPtiger
Posted on 10/13/26 at 9:58 pm to WinnPtiger
quote:
college athletics is a mess, but they had nothing to do with the actual day to day problems within the actual institutions
Oh for sure…it’s just crazy that our value system is such that a deep-pocketed donor would rather buy a blue chip recruit or two than donate to a scholarship fund or something.
Posted on 10/13/26 at 10:55 pm to SPEEDY
Somehow by 2028 their football program will end up being in much better shape than the Gators 
Posted on 10/14/26 at 1:16 am to SPEEDY
The fact that all these big money geniuses that know more than idiots like me just looked at the 2023 record instead of watching the actual games, and seeing how Norvell coached that team like shite but because he had a loaded roster squeaked out an undefeated season, gave him that contract. These buyouts are as insane as paying a true freshman 8 figures before he ever throws a pass. After Jordan Travis broke his leg in half late 2023 Norvell couldn't even coach a QB to a first down. I'll keep saying this, but at some point it'll come out that he's either been hooked on painkillers or cucked, I've never seen an HC or even OC make the playcalls and decisions he has
Posted on 10/14/26 at 1:31 am to TexasTiger08
It goes off what the consumer spends money on. If 20,000 ppl showed up for each tennis match , maybe Tennis would get more attn from schools
Posted on 10/14/26 at 4:09 am to SPEEDY
And people want to throw FSU a lifeline and add them to the SEC? Why? They are a dying brand.
Posted on 10/14/26 at 4:17 am to ZIGG
quote:
time for PRIVATE EQUITY to ACQUIRE Florida State
If college sports stays on the current trajectory PE is going to end up with their hands in a ton of programs.
Everyone seems to agree this isn’t sustainable, but nobody wants to be the school to take a stand.
Posted on 10/14/26 at 7:27 am to TexasTiger08
quote:and you don’t even have to be great at football
Run fast, jump high, throw or catch, and you are a valued asset in American universities.
Posted on 10/14/26 at 7:49 am to TexasTiger08
quote:
It’s crazy that we live in a society that values mercenaries throwing and catching a pigskin more than the pressing needs of a college campus.
One brings in a boatload of money, the other does not. Not including endowments of course.
Posted on 10/14/26 at 8:38 am to Corso
quote:you clearly don’t hate watch the Gators then because we’ve seen nothing but that since 2021
I've never seen an HC or even OC make the playcalls and decisions he has
Posted on 10/14/26 at 8:59 am to idlewatcher
quote:
One brings in a boatload of money, the other does not.
I’m well-aware of that. I just don’t think it’s great for society as a whole. Being smart, academically gifted, a good person, etc aren’t necessarily rewarded at the same rate as someone that possesses good ball skills and can high point a football.
I know the why, but it’s still shitty.
Posted on 10/14/26 at 9:03 am to idlewatcher
quote:
One brings in a boatload of money, the other does not. Not including endowments of course.
With all this money floating around, no one seems to be making money anymore (besides the players
)Posted on 10/14/26 at 9:24 am to SPEEDY
Someone will eventually just fire a coach and refuse to pay. It would be interesting to see if a university would actually have to pay. On the record, these guys make like 200k a year.
Posted on 10/14/26 at 9:51 am to idlewatcher
quote:Does it bring in boatloads of money anymore?
One brings in a boatload of money
$30-50 million player salaries, coaches with buyouts of tens of millions of dollars, facility bills of tens of millions of dollars (potentially hundreds of millions).
Doesn’t seem to be very profitable anymore.
How coaching contracts have been structured should be illegal for public universities. The fact that you are paid millions for sucking arse is insane.
This post was edited on 10/14/26 at 9:52 am
Posted on 10/14/26 at 10:38 am to TexasTiger08
quote:the big picture is that with AI the old university system is irrelevant as people don’t need college anymore as all the information you need to be successful in this world is just at the tip of your fingertips.
insane. It’s crazy that we live in a society that values mercenaries throwing and catching a pigskin more than the pressing needs of a college campus. It’s probably every major university that has donors doing this too. There’s a big picture here somewhere.
Academia is irrelevant and entertainment is the only value left for universities in the 21st century
Posted on 10/14/26 at 11:12 am to SPEEDY
Norvell was considered a good coach for a minute or so. What the hell happened? Did he not keep up with NIL? Did the CFP snub just sink FSU’s reputation to where they can’t compete against SEC and BIG10 anymore?
Posted on 10/14/26 at 11:51 am to SPEEDY
The taking on of debt for facility development sounds like the larger issue even if the Norvell salary and buyout are what football fans focus on.
We're the facility development loans athletics or academic related?
We're the facility development loans athletics or academic related?
Posted on 10/14/26 at 12:21 pm to Upperdecker
quote:
Norvell was considered a good coach for a minute or so. What the hell happened? Did he not keep up with NIL? Did the CFP snub just sink FSU’s reputation to where they can’t compete against SEC and BIG10 anymore?
He struck gold for a couple of years in the portal before other teams figured it out, inherited Jordan Travis, then just went full retard. His hires, portal takes, and actual coaching have all been nothing short of mental illness/addiction.
Posted on 10/14/26 at 12:47 pm to TexasTiger08
I stopped calling them institutions for higher learning when they kept taking major money from 18 year olds and let them get worthless degrees. Thats a money grab.
Posted on 10/14/26 at 1:26 pm to molsusports
Facility here is referring to the financing of the loan, not building facilities.
You set up a facility with a loan provider or a group of loan providers, and then you can issue multiple loan contracts under that facility. Helps centralize the loan process when you know you’re going to be having multiple loans.
So if your facility has a bad credit profile, your not going to be able to issue out new loans under that facility.
You set up a facility with a loan provider or a group of loan providers, and then you can issue multiple loan contracts under that facility. Helps centralize the loan process when you know you’re going to be having multiple loans.
So if your facility has a bad credit profile, your not going to be able to issue out new loans under that facility.
This post was edited on 10/14/26 at 1:28 pm
Posted on 10/14/26 at 1:31 pm to Scruffy
quote:
Doesn’t seem to be very profitable anymore.
It’s VERY profitable for the administrators who are running the show. P4 AD’s have 4x or 5x’d their salaries in like 15 years.
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