ADVERTISEMENT

OT: B1G additions

I have no idea of the numbers but I imagine a pretty easy repayment schedule could be designed.

It's basically a structured finance deal.
These things happen daily.
FSU has a pretty stable revenue stream to collateralize (BIG Conference revenue).

FSU would issue $500m (cost of ACC buyout) of notes to investors.

Future revenue streams (based on BIG conference payouts expectations) would payoff the notes (for example principle plus LIBOR) on a quarterly basis.

Honestly, I wouldn't doubt that more schools go this route in the future to pay for infrastructure improvements ($500m for stadium upgrades or something).
Instead of waiting for private donor money (that may never actually come).

FSU would be behind in usable conference revenue (since they would have to pay back the notes) but they would still be ahead of their ACC payouts for the next 13 years.

I doubt the Big Ten wants any part of the legal liability FSU would bring in breaking their GOR with the ACC.
 
  • Like
Reactions: BeantownKnight
I'm wondering what Clemson and Miami are waiting for
They're the only other schools in the league with any hopes of winning a national title or being relevant in our lifetimes
it's coming

but my view is that UNC is the linchpin here. If they join, it's over as the flood gates open and then it's how does the BIG look on the uniform.
 
  • Like
Reactions: cicero grimes
Straight amortization of $572m at 6-month LIBOR (5.72%) for 15 years is approx. $55m annually.

Assume modest $100m per year conference revenue for FSU in the BIG Ten (likely higher?) that is net $45m/year.
How much is the ACC payouts? $40m?
At worst FSU would be even during the same period they would be stuck in the ACC.

However, if the Big Conference payouts go up based on FSU being included, then they are that much further ahead right from the start.

Big Ten payouts are not at the $100 million level per school until 2030 at the earliest.
 
  • Like
Reactions: NickRU714
it's coming

but my view is that UNC is the linchpin here. If they join, it's over as the flood gates open and then it's how does the BIG look on the uniform.
I'm assuming Carolina is waiting for the lawsuit to be over to make a move (being they're the ACC's baby)?
I could be way off, but it's hard to see them vs. the ACC in this thing
 
I stand by my statement of 2-3 years and we're out
2025 is what I've heard
If everything lines up like I've been told, this year could be the last in the ACC
Okay it’s a dumb decision to waste $750M dollars to get a fraction of the money you could have made by staying. But I have no dog in this fight other than find it humorous
 
I'm assuming Carolina is waiting for the lawsuit to be over to make a move (being they're the ACC's baby)?
I could be way off, but it's hard to see them vs. the ACC in this thing
that's my point

if they move, it's over and would be best if FSU was working the phones to tell them and others that they opened the fight, pick a side or you'll have less say/power/choices etc..

now it's in every school's best interest to think about tomorrow. I said last year the ACC should have ben proactive and worked something out with FSU and then went after the best remaining schools for a nation scope.

now the ACC is going to die and I couldn't be happier. Watching Fredo and Sarah in AAC will be great
 
  • Like
Reactions: cicero grimes
Okay it’s a dumb decision to waste $750M dollars to get a fraction of the money you could have made by staying. But I have no dog in this fight other than find it humorous
curious what was your major at RU?
 
Okay it’s a dumb decision to waste $750M dollars to get a fraction of the money you could have made by staying. But I have no dog in this fight other than find it humorous

What do you mean "get a fraction of the money you could have made by staying"?

Are you suggesting that if they left the ACC, FSU would make less in a new conference?
 
JHC stop making stuff up and just log off and go away.

BIG didn 't even contact MD, it was MD that contacted the BIG. RU went the way of NU

do you even understand the legalities of interfering in conference demise here?
Lol you think I'm just making this up? FSU/Duke/GT to B1G has been in discussion for over a decade now and FSU/Clemson/GT leaving the ACC almost occurred back in 2012 after Maryland happened. Mizzou did as well but their own leadership leaked and got rejected outright. Oklahoma was also talking to the B1G at one point but ended up going to SEC instead due to academics, but from more recent chatter the conference regretted it and are now open to FSU because of losing out on Texas. I've just been paying attention to all this conference expansion talk for decades and don't forget so easily. The B1G has been a super predator for awhile now and are always in discussion, and due to that people talk.
 
Lol you think I'm just making this up? FSU/Duke/GT to B1G has been in discussion for over a decade now and FSU/Clemson/GT leaving the ACC almost occurred back in 2012 after Maryland happened. Mizzou did as well but their own leadership leaked and got rejected outright. Oklahoma was also talking to the B1G at one point but ended up going to SEC instead due to academics, but from more recent chatter the conference regretted it and are now open to FSU because of losing out on Texas. I've just been paying attention to all this conference expansion talk for decades and don't forget so easily. The B1G has been a super predator for awhile now and are always in discussion, and due to that people talk.
you have no idea what you're talking about and you're making stuff up
 
That’s 8 years outa ton of things might have changed between now and then
Mark my words, FSU will be out of the ACC well before then
They simply cannot afford to stay much longer

If you wish to compete at a high level, and not just in football, you cannot be 40-50 million dollars per year behind your peers (unless, apparently, you're SMU)
 
  • Like
Reactions: cicero grimes
What do you mean "get a fraction of the money you could have made by staying"?

Are you suggesting that if they left the ACC, FSU would make less in a new conference?
A) I don’t think they are going anywhere

B) Even if they waste a ton of money to do so. The B1G isn’t going to give them full share until the next contract when they name and brand is used to help negotiate the deal.

C) FSU is coming off as a bigger bunch of spoiled brats than even Texas.

• Add up all the cost …
lawyers $$
whatever the cost to buy their way out of ACC. $$$$
•All the cost to add sports teams
Scholarships $$
Coaching $$
Facilities $$
Travel increase $$
With a reduced payment from either B1G or SEC

Verse saving all that money and just waiting until 2027 and collecting the full share even though it’s less. Is a better financial option to me.

I do give a rats ass what they do? Nah but if anyone thinks adding them to our conference is a good idea. I don’t know what to tell you. How long after they’re in a different conference until they start whining again about wanting a big slice of the pie? My interest is Rutgers University not Free Shoes University. God Spurrier was awesome back in the day.
 
I don't understand why everyone is making a big deal out of the GORs contact only being available at the ACC HQ in NC. Isn't it SOP for these conferences to keep the signed TV contracts at the conference HQs and not have any copies at the schools, so it's not subject to FOIA/OPRA requests, among other reasons? FSU administration seems to be incompetent for signing this deal.

BTW, the ACC sued FSU first yesterday:

 
  • Like
Reactions: NotInRHouse
A) I don’t think they are going anywhere

B) Even if they waste a ton of money to do so. The B1G isn’t going to give them full share until the next contract when they name and brand is used to help negotiate the deal.

C) FSU is coming off as a bigger bunch of spoiled brats than even Texas.

• Add up all the cost …
lawyers $$
whatever the cost to buy their way out of ACC. $$$$
•All the cost to add sports teams
Scholarships $$
Coaching $$
Facilities $$
Travel increase $$
With a reduced payment from either B1G or SEC

Verse saving all that money and just waiting until 2027 and collecting the full share even though it’s less. Is a better financial option to me.

I do give a rats ass what they do? Nah but if anyone thinks adding them to our conference is a good idea. I don’t know what to tell you. How long after they’re in a different conference until they start whining again about wanting a big slice of the pie? My interest is Rutgers University not Free Shoes University. God Spurrier was awesome back in the day.
Let me ask you this... what would we (Rutgers) do if this was happening to us?

Multiple natty's and Heisman's
Top 10 brand in college FB
Sold a bill of goods by the ACC and Swofford

If they're smart, they'd do what they needed to do to get the F out of the league, into another league and continuing competing at an elite level

I'd prefer this be done behind the scenes - I don't like things out in the open

But if you worked as hard as they did to build their program, and you could see it come crashing down right before your eyes...chances are you'd be doing the same thing
 
comments indicate other
Yea that part of the GOR has been public for years. There are additional clauses and amendments which are not available for view.

I doubt FSU attorneys would have to make repeated visits to ACC headquarters to view that document. If they did then this case will be over before it starts.
 
Yea that part of the GOR has been public for years. There are additional clauses and amendments which are not available for view.

I doubt FSU attorneys would have to make repeated visits to ACC headquarters to view that document. If they did then this case will be over before it starts.
right

what we know is no copies, no photos, no notes upon each visit. odd no?
 
Amazing they've finally provided it instead of having it locked away at ACCHQ
Nothing these scumbags do surprises me
Likewise, they shouldn't be surprised when we lay 50 on a regular next year on the leetches
right

what we know is no copies, no photos, no notes upon each visit. odd no?
What's odd? I don't think any B1G school has the TV contracts either. It seems like SOP for the conferences to have the only doc so schools don't have to disclose them in FOIA/OPRA requests.
 
  • Like
Reactions: NotInRHouse
"California" isn't a market. Los Angeles is a market. San Francisco is a market. San Diego is a market. Seattle is a market. And historically, nothing is better than Stanford's athletics department.
Two growing states > Bay Area market that is diminishing. Athletic departments (Olympic sports, etc) are secondary to football, with basketball a distant second. Heck, FSU isn’t even AAU nor does it have the required number of sports and apparently they are being considered by the B1G. It’s all about football and $$$. Also, although UNC and UVA are not quite Stanford academically (hardly any schools are), they do stack up quite nicely.
 
This is wild:

GB9_3hsXQAAa3Qa


 
  • Like
Reactions: Leonard23
What's odd? I don't think any B1G school has the TV contracts either. It seems like SOP for the conferences to have the only doc so schools don't have to disclose them in FOIA/OPRA requests.
reread what I wrote
 
ADVERTISEMENT
ADVERTISEMENT