(03-18-2024 04:02 PM)Fighting Muskie Wrote: The AAC’s value is largely the product of the service academies and its legacy (pre-2023) members Temple, ECU, USF, Tulsa, Memphis, and Tulane.
By the next tv contract negotiation, there’s a good chance that some of those legacy schools (particularly USF but potentially Tulane and Memphis) be gone. The loss of even just 2 of these will have a huge negative impact on the league’s valuation.
The non-legacy schools don’t make radically more than say an SBC school and with the AAC losing a lot of the schools from the “P6” campaign, I have to think that the next time the AAC is up for contact, there’s not going to be a lot distinguishing them from the other G leagues. I’m not sure that programs will want to pay huge exit fees in order to move to the AAC.
So what happens when that advantage evaporates? Does the MWC lure away part of the Western wing? Do they downsize to 12 or even 10 members? Are they forced to make an agreement with the SBC that would see their members shuffled into more regional leagues?
I think the AAC is the most valuable G5 until the PAC2 & MWC create the PacMtn or whatever it is called. That will put the AAC as #2. However there is a scenario where FSU gets out of the GOR and joins the Big in 2026 and Clemson or Miami or both of them to join them in the Big.
The ACC could/would add USF and Oregon State. At that point the MWC would just absorb Wazzu and the AAC still is King of G5.
For example the ACC can lose 4 mbrs before it has to add 1 and the following schools are ready for an invite:
Oregon St
Washington St
USF
UConn
Teams that could also get an invite:
UTAH
Colorado St
However there is a good chance that only FSU ( and maybe 1 other team) leave and the ACC doesn't add anyone, thus PacMtn becomes a reality:
The problem with assuming multiple ACC schools leaving, if they at least pay the $130M exit fee, is seen in a simple financial analysis. (remember that the negotiated settlement may be higher than 130M)
If 2 were already gone, that's an extra (2 x $130M)/(15-2) = $260/13 = $20M per remaining school.
Would school #3 pass that up, pay the $130M exit fee themselves, and hope for a better payout?
The more schools leave, the bigger the pot and the fewer schools to divide it...
Is it worthwhile to be the 4th school to leave, rather than keep your share of (3 x $130M)/(15-3) = $390M/12 = $32.5M?
What about the 5th to leave; do they pass on (4 x $130M)/(15-4) = $520M/11 = $47.3M each?
The 6th school to leave is looking at (5 x $130M)/(15-5) = $650M/10 = $65M if they stay, or they can pay $130M and probably get reduced shares for several years if they go.
Again the ACC has to lose four teams before it has to add 1. So if FSU is the only team that leaves; the ACC could decide to stay at 16 + ND, and the AAC is King of G5!
Link
https://accfootballrx.blogspot.com/2024/...xodus.html