It is a go!

Boom! Unanimous approval!

Go Dukes. All aboard the Sunbelt train..!

Looks like we are in

Duuuuuuuuuuuukesssss!

(11-05-2021 10:05 AM)JMad03 Wrote:  Voted unanimously in favor!
FBS here we come!!!

https://youtu.be/AeTgx_pj6m8

Looks like we are in Joey D takevthat one and put it in your exit bag!

CRAP! They approved the Suun Belt. That's a cheap Chinese knockoff. Read the fine print!

Shut this thread down.

I honestly might shed a tear ... I have wanted this for JMU for so long... (see me starting the flyover fund with 2buck - in spite of BSKB telling me the plane will never happen - this one's for you, buddy!)

Flying into SHD this afternoon - going to put a sign in the window "JMU 2 FBS" in honor of the flyover...

Charlie said a June entry, so does that mean our other sports are good for CAA play the rest of this year?

Hopefully this news and the recent publicity encourages some new athletic donors. I just made my own additional donation!

https://www.youtube.com/watch?v=FHDwRECFL8M

A must for all tailgates when Alger and Bourne are within hearing distance

Some notes I was trying to capture. It went quick so not sure all of these are 100% accurate. I'd love to get a hold of that spreadsheet! I thought there would be a question about Title 9 and am surprised it didn't come up.

Expenses 55m now
For subsidy calculations, deduct general services, debt, spirit per bill
Subsidy at 60.5%, 58% if CAA exit fee discounted

Additional revenue
Tickets
Contributions [379K commitments from donors]
Some from NCAA
SB 600K, 1.5m in 2024, 2.5m 27/28 conservative with playoff expansion

Additional Expenses
Salaries
- Raise of HC to median of SB over three years
- 378K for assistents
- Add one coach for next three years
- Raises every other year
Scholarships
- 22 more (phase in over three years)
Sports Operations (insurance, travel increase of 1m)
Guarantees
- Will have to pay schools to come to JMU
600K Deduction due to lack of playoffs (in FBS conference helps with bowl costs)
Misc: Agency service charge increases, shoe contract

66M starting expense, revenue increases year over year but expenses level off
2027/28 52.4% subsidy and drops from there

Holy crap. Look how many people are logged on to the boards right now!

(11-05-2021 10:11 AM)JMU2004 Wrote:  Shut this thread down.

After the presser

Sent from my SM-G988U using Tapatalk

Kick those CAA logos to the curb! Buh-bye CAA! Buh-bye FloSports!
Sun Belt all the way!!!

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(11-05-2021 10:15 AM)DooX Wrote:  Some notes I was trying to capture. It went quick so not sure all of these are 100% accurate. I'd love to get a hold of that spreadsheet! I thought there would be a question about Title 9 and am surprised it didn't come up.

Expenses 55m now
For subsidy calculations, deduct general services, debt, spirit per bill
Subsidy at 60.5%, 58% if CAA exit fee discounted

Additional revenue
Tickets
Contributions [379K commitments from donors]
Some from NCAA
SB 600K, 1.5m in 2024, 2.5m 27/28 conservative with playoff expansion

Additional Expenses
Salaries
- Raise of HC to median of SB over three years
- 378K for assistents
- Add one coach for next three years
- Raises every other year
Scholarships
- 22 more (phase in over three years)
Sports Operations (insurance, travel increase of 1m)
Guarantees
- Will have to pay schools to come to JMU
600K Deduction due to lack of playoffs (in FBS conference helps with bowl costs)
Misc: Agency service charge increases, shoe contract

66M starting expense, revenue increases year over year but expenses level off
2027/28 52.4% subsidy and drops from there

I thought the $600k was from "conference distributions" which I believe is predominately NCAA money for March Madness payouts. Charlie brought up the football playoffs expanding, so I'm guessing the jump is due to football bowl game payouts.

Shane tweeted that the $2.5M was for "media rights" which is a different revenue line that the conference distributions in both ours and ODU's financial statements. I'm thinking Shane was loose on the term "media rights."