With Florida State already on the ropes on the legal front, one has to wonder what is their limit.
At what point will the cost to leave be "Too High"?

Will the 'Noles be stuck in the ACC for the foreseeable future?

Could FSU come up with $800 Million, $1 Billion, or more and would they be able to make it back over the next 12 years?

(03-05-2024 01:00 PM)XLance Wrote:  With Florida State already on the ropes on the legal front, one has to wonder what is their limit.
At what point will the cost to leave be "Too High"?

Will the 'Noles be stuck in the ACC for the foreseeable future?

Could FSU come up with $800 Million, $1 Billion, or more and would they be able to make it back over the next 12 years?

Troll thread.

Mods should delete this.

Someone could start a thread asking why the ACC doesn't just disband since they are in such trouble.

(03-05-2024 01:02 PM)bullet Wrote:  

(03-05-2024 01:00 PM)XLance Wrote:  With Florida State already on the ropes on the legal front, one has to wonder what is their limit.
At what point will the cost to leave be "Too High"?

Will the 'Noles be stuck in the ACC for the foreseeable future?

Could FSU come up with $800 Million, $1 Billion, or more and would they be able to make it back over the next 12 years?

Troll thread.

Mods should delete this.

Someone could start a thread asking why the ACC doesn't just disband since they are in such trouble.

Disband and reform from the ground up.

Why are you assuming FSU is on the ropes?

Hah! Wishcasting from one of the premier ACC apologists. We're hardly on the ropes when no hearings have yet taken place, only dueling filings. And already lots of interesting information has come out...the ESPN option to extend or cut the ACC loose, the ACC granting a unilateral extension to ESPN to exercise that option, etc.

I look forward to what we may learn next.

(03-05-2024 01:02 PM)bullet Wrote:  

(03-05-2024 01:00 PM)XLance Wrote:  With Florida State already on the ropes on the legal front, one has to wonder what is their limit.
At what point will the cost to leave be "Too High"?

Will the 'Noles be stuck in the ACC for the foreseeable future?

Could FSU come up with $800 Million, $1 Billion, or more and would they be able to make it back over the next 12 years?

Troll thread.

Mods should delete this.

Someone could start a thread asking why the ACC doesn't just disband since they are in such trouble.

Are you new here?


They start those threads about three times a week and nobody gets reprimanded

(03-05-2024 01:02 PM)bullet Wrote:  

(03-05-2024 01:00 PM)XLance Wrote:  With Florida State already on the ropes on the legal front, one has to wonder what is their limit.
At what point will the cost to leave be "Too High"?

Will the 'Noles be stuck in the ACC for the foreseeable future?

Could FSU come up with $800 Million, $1 Billion, or more and would they be able to make it back over the next 12 years?

Troll thread.

Mods should delete this.

Someone could start a thread asking why the ACC doesn't just disband since they are in such trouble.

I'm very pro-FSU-to-the-SEC, but I don't think this is a troll thread at all. I've openly speculated that they'll happily pay $500m and hesitate at $750m, and I've provided thorough justification for it in several posts. I don't think that they'd pay $1b, but they'd offer a counter.

I'm not sure where their breaking point is, but it's up to the ACC legal team to find out. And they'll definitely err on the side of asking for too much instead of too little. If they ask for too much money and FSU ends up staying, they'll cost everyone else a few million bucks a year for a decade. If they ask for too little and FSU pays it, then UNC, Miami and Clemson pay it, then a bunch of others move over to the Big 12, then the leftovers will be in the same boat as WSU/OSU, only there will be a lot more than 2 of them. Half, or nearly half of the ACC will be shipwrecked on 2Pac Island if the ACC doesn't extract every last cent that they can get from FSU. FSU, OTOH, has a choice of good or great options: great is ofc they pack their bags tomorrow for the SEC after writing a $250m check to the ACC, but the absolute worst thing that happens is that they've gotten all their boosters whipped up into a frenzy and they get enough $$ over the next decade of ACC jail to at least remain close to the big P2 programs on the fundraising trail before finally leaving in 2036.

(03-05-2024 01:54 PM)esayem Wrote:  

(03-05-2024 01:02 PM)bullet Wrote:  

(03-05-2024 01:00 PM)XLance Wrote:  With Florida State already on the ropes on the legal front, one has to wonder what is their limit.
At what point will the cost to leave be "Too High"?

Will the 'Noles be stuck in the ACC for the foreseeable future?

Could FSU come up with $800 Million, $1 Billion, or more and would they be able to make it back over the next 12 years?

Troll thread.

Mods should delete this.

Someone could start a thread asking why the ACC doesn't just disband since they are in such trouble.

Are you new here?


They start those threads about three times a week and nobody gets reprimanded

Yeah, it's the silly season, threads like this are about all we can get for now unfortunately.

Well, let's say FSU could make $70M a year in a P2, and only $35M a year in the ACC. Let's say the GOR lasts until year 2036.

2036 - 2024 = 12 years

$70M - $35M = $35M lost per year.

$35M x 12 = $420M total revunye lost

Total exit costs, including exit fees and GOR buyout, can not exceed....

$420M

(03-05-2024 03:06 PM)goofus Wrote:  Well, let's say FSU could make $70M a year in a P2, and only $35M a year in the ACC. Let's say the GOR lasts until year 2036.

2036 - 2024 = 12 years

$70M - $35M = $35M lost per year.

$35M x 12 = $420M total revunye lost

Total exit costs, including exit fees and GOR buyout, can not exceed....

$420M

so interest rates are a real booger these days, which will inflate the price tag significantly.

April 9 will be the first hearing for Florida State’s suit filed in Leon County, Florida. Judge John C. Cooper will hear the ACC’s call for a dismiss or stay in the case which was filed on Feb. 16.

Florida State's motion will be heard on March 22 in Mecklenburg County, North Carolina.

Should Judge Cooper grant the ACC’s stay request in the Leon County case, then the lawsuit filed in North Carolina by the ACC will serve as the final say as the precedent will have been set.

https://www.si.com/college/fsu/football/...su-lawsuit

I believe that the "buyout" (exit fee plus buying back GOR) would be as follows:
2025: $620 mill
2026: $580 mill
2027: $540mill
2028: $500 mill
2029: $460 mill
2030: $420 mill
2031: $380 mill
2032: $340 mill
2033: $290 mill
2034: $250 mill
2035: $210 mill
2036: $170 mill
Exit fee is 130 million, plus an estimated year broadcast of 40 million. ACC could likely argue for damages as a result of FSU breaking the contract ,but I'd say that is the floor of ACC "buyout" numbers by year.

I think FSU can "afford" the deal in 2030 not before then

(03-05-2024 03:06 PM)goofus Wrote:  Well, let's say FSU could make $70M a year in a P2, and only $35M a year in the ACC. Let's say the GOR lasts until year 2036.

2036 - 2024 = 12 years

$70M - $35M = $35M lost per year.

$35M x 12 = $420M total revunye lost

Total exit costs, including exit fees and GOR buyout, can not exceed....

$420M

So how' did FSU's own lawyers come up with the $572 Million figure?

(03-05-2024 01:54 PM)esayem Wrote:  

(03-05-2024 01:02 PM)bullet Wrote:  

(03-05-2024 01:00 PM)XLance Wrote:  With Florida State already on the ropes on the legal front, one has to wonder what is their limit.
At what point will the cost to leave be "Too High"?

Will the 'Noles be stuck in the ACC for the foreseeable future?

Could FSU come up with $800 Million, $1 Billion, or more and would they be able to make it back over the next 12 years?

Troll thread.

Mods should delete this.

Someone could start a thread asking why the ACC doesn't just disband since they are in such trouble.

Are you new here?


They start those threads about three times a week and nobody gets reprimanded

Nothing as bad a troll as this. Its speculation. If you were the OP you would get -1 for not admitting you are trolling.

dumb ?
why can't FSU pay exit fee up front
then pay 35M plus 4% each yr from 70M plus 4% they make in P2
make up the difference with savings from travel, full stadium, donations, better bowls
technically TV money is due with each season

(03-05-2024 01:00 PM)XLance Wrote:  With Florida State already on the ropes on the legal front, one has to wonder what is their limit.
At what point will the cost to leave be "Too High"?

Will the 'Noles be stuck in the ACC for the foreseeable future?

Could FSU come up with $800 Million, $1 Billion, or more and would they be able to make it back over the next 12 years?

I remember when Maryland was on the ropes.

(03-05-2024 04:14 PM)templefootballfan Wrote:  dumb ?
why can't FSU pay exit fee up front
then pay 35M plus 4% each yr from 70M plus 4% they make in P2
make up the difference with savings from travel, full stadium, donations, better bowls
technically TV money is due with each season

Well first ACC teams average 40 mil a year, secondly in the inflationary environment 4% fixed rate is not an accurate market interest rate. The ACC is not taking a hit for FSU's actions. They could spread the payments out of if they wanted to link into to CPI or Libor which are closer to 5%

(03-05-2024 03:06 PM)goofus Wrote:  Well, let's say FSU could make $70M a year in a P2, and only $35M a year in the ACC. Let's say the GOR lasts until year 2036.

2036 - 2024 = 12 years

$70M - $35M = $35M lost per year.

$35M x 12 = $420M total revunye lost

Total exit costs, including exit fees and GOR buyout, can not exceed....

$420M

You don't think that their boosters will get whipped into a frenzy once they move to the SEC? A&M's total athletics revenues went from ~ #20 year in and year out to consistent top 5, with a couple of top 1. Some of that was due to the higher payouts from the SEC, but those haven't actually been all that much higher than the Big 12 payouts in the years from 2011 to 2023. Maybe an average of $5m a year more. Yet, somehow, we've climbed from $87m to $279m. Certainly it's not just additional booster contributions, it's far higher game day ticket revenues, more $$ in merchandising, and improved national profile, etc etc. FSU is already in the #15 range, what's gonna happen to them when they're playing Alabama, Georgia, A&M, Texas, Tennessee, Auburn etc etc every week, and half their opponents are within easy driving distance? I know what's going to happen because I've already witnessed it once, and it was amazing.

I predicted the other day that FSU will get an extra $35-100m per year for the next decade in booster contributions/additional income related to the move with an SEC move. I know that's a huge spread, but if I had to guess, I'd go on the high side of it.

An SEC move is worth more like $25-30m a year to FSU from the SEC and more like $70m a year from their boosters. Plus, they get to lock in P2 status now instead of waiting and hoping that nobody takes their spot over the next, VERY LONG 12 years.

(03-05-2024 01:00 PM)XLance Wrote:  With Florida State already on the ropes on the legal front, one has to wonder what is their limit.
At what point will the cost to leave be "Too High"?

Will the 'Noles be stuck in the ACC for the foreseeable future?

Could FSU come up with $800 Million, $1 Billion, or more and would they be able to make it back over the next 12 years?

They should read the contract closely before they signed it. They are stuck until 2036. It is too costly to get out legally. Better just settled with what they have.

(03-05-2024 03:57 PM)LeeNobody Wrote:  I believe that the "buyout" (exit fee plus buying back GOR) would be as follows:
2025: $620 mill
2026: $580 mill
2027: $540mill
2028: $500 mill
2029: $460 mill
2030: $420 mill
2031: $380 mill
2032: $340 mill
2033: $290 mill
2034: $250 mill
2035: $210 mill
2036: $170 mill
Exit fee is 130 million, plus an estimated year broadcast of 40 million. ACC could likely argue for damages as a result of FSU breaking the contract ,but I'd say that is the floor of ACC "buyout" numbers by year.

I think FSU can "afford" the deal in 2030 not before then

Using your math, if they were offered this deal today and agreed to it in principle then their smartest move would be to leave immediately. The $40m per year early exit would be the same, but that $170m isn't going to change so they could amortize it over 12 years instead of 6 if they leave now instead of in 2030.