Looking at the numbers from the B10's 990 you can find the cost of joining the Big 10 for MD, Rutgers, and Nebraska. The B10 charged Nebraska $96 million over 7 years. They charged Rutgers a whopping $210 million. They charged MD $98 million ($67 M in withheld money and $31M in an upfronted loan).

They are charging Oregon and Washington about $150 M each.

Wonder what they will charge FSU?

(01-29-2024 02:04 PM)SouthernConfBoy Wrote:  Looking at the numbers from the B10's 990 you can find the cost of joining the Big 10 for MD, Rutgers, and Nebraska. The B10 charged Nebraska $96 million over 7 years. They charged Rutgers a whopping $210 million. They charged MD $98 million ($67 M in withheld money and $31M in an upfronted loan).

They are charging Oregon and Washington about $150 M each.

Wonder what they will charge FSU?

Presumably, if they take a 50% cut in media rights like Oregon and Washington, they will still be making more than they were in the ACC.

Not enough to cover a $500 mil exit agreement but more than they were making.

(01-29-2024 02:38 PM)ChrisLords Wrote:  

(01-29-2024 02:04 PM)SouthernConfBoy Wrote:  Looking at the numbers from the B10's 990 you can find the cost of joining the Big 10 for MD, Rutgers, and Nebraska. The B10 charged Nebraska $96 million over 7 years. They charged Rutgers a whopping $210 million. They charged MD $98 million ($67 M in withheld money and $31M in an upfronted loan).

They are charging Oregon and Washington about $150 M each.

Wonder what they will charge FSU?

Presumably, if they take a 50% cut in media rights like Oregon and Washington, they will still be making more than they were in the ACC.

Not enough to cover a $500 mil exit agreement but more than they were making.

TV this last 990 tax cycle was about $43 M per B10 school and their total distribution was $58 M (Includes big interest money, NCAA, Bowls, Playoff). So if you got half TV you would be at $21.5 M plus $16 M or $37.5 M.

That's less than the $38.6 that FSU got in the ACC for the same year.

Yep, all sounds about right - just like MD, trade out for the B10 and actually lose money in the process for at least 7 years.

The more I think about it, the more I suspect the primary reason FSU got into a legal fight was not about money but rather about FOMO.

(01-29-2024 05:27 PM)random asian guy Wrote:  The more I think about it, the more I suspect the primary reason FSU got into a legal fight was not about money but rather about FOMO.

Reading some of the posts from FSU fans, fear of the future seems like a huge driver. Uncertainty about "P2 versus M2 conferences" or CFP expansion or pay-for-play allows worst case scenarios to creep in.