(07-08-2022 01:19 PM)JSchmack Wrote: (07-08-2022 11:38 AM)quo vadis Wrote: I like the WSJ overall value estimates better. I mean, there's no way Texas AM football is more valuable than Notre Dame, Alabama or Ohio State. Not IMO.
Forbes is basing this off REVENUE, which the great differentiator is the TV revenue from a conference contract.
Texas A&M has SEC money, Notre Dame doesn't.
It's a lot of self-fulfilling prophesy.
Totally accurate. Even more confounding, is the revenue numbers that Forbes has used are completely incorrect. Here are the actual revenue numbers for 2021, from most to least, using the 77mm figure that Forbes pegged Clemson at as the lowest number used (Schools in bold were not included in the Forbes list):
1. Alabama- 180mm, with 98mm coming from media rights and conference distributions
2. Notre Dame- not publicly available however, unofficially made 170mm in revenue, with an unknown figure from media rights. Reports range in the 15-20mm range.
3. Georgia- 169mm, with 82mm in media rights and conference distributions
4. TAMU- 162mm, with 81mm coming from media rights and conference distributions
5. Texas- 153mm, with 35mm coming from media rights and conference distributions
6. Oklahoma 144mm, with 43mm in media rights and conference distributions
7. Florida- 139mm, with 85mm in media rights and conference distributions
8. South Carolina- 135mm, with 76mm in media rights and conference distributions
9.Tennessee- 133mm, with 77mm in media rights and conference distributions
10. Arkansas- 132mm, with 78mm in media rights and conference distributions
11. FSU- 130mm, with 38mm in media rights and conference distributions
12. Ole Miss- 127mm, with 88mm in media rights and conference distributions
13. Auburn- 124mm, with 80mm in media rights and conference distributions
14. Clemson- 123mm, with 37mm in media rights and conference distributions
15. LSU- 122mm, with 79mm in media rights and conference distributions
16.
Kentucky- 121mm, with 97mm coming from media rights and conference distributions
17. USC- not publicly available but unofficially made 119mm in revenue with no clear 18. figure on how much of that comes from media rights and conference distributions.
19. Oregon- 118mm, with 22mm in media rights and conference distributions
20.
Arizona State- 118mm, with 21mm coming from media rights and conference distributions
21.
Miss State- 113mm, with 81mm coming from media rights and conference distributions
22.
Missouri- 110mm, with 76mm coming from media rights and conference distributions
23. Ohio State- 107mm, with 55mm coming from media rights and conference distributions
24. Wisconsin- 107mm, with 47mm in media rights and conference distributions
25. Penn State- 106mm, with 43mm in media rights and conference distributions
26.
Virginia- 105mm, with 34mm coming from media rights and conference distributions
27.
Arizona- 102mm, with 19mm coming from media rights and conference distributions
28.
North Carolina- 102mm, with 39mm coming from media rights and conference distributions
29. Michigan- 101mm, with 46mm coming from media rights and conference distributions
30.
Louisville- 101mm, with 35mm coming from media rights and conference distributions
31.
Illinois- 99mm, with 48mm coming from media rights and conference distributions
32. Nebraska- 92mm, with 47mm in media rights and conference distributions
33.
Cal- 92mm, with 21mm coming from media rights and conference distributions
34.
Kansas- 92mm, with 39mm coming from media rights and conference distributions
35.
Virginia Tech- 90mm, with 38mm coming from media rights and conference distributions
Mich State- 90mm, with 45mm in media rights and conference distributions
36.
Texas Tech- 89mm with 34mm coming from media rights and conference distributions
37.
Rutgers- 88mm, with 32mm coming from media rights and conference distributions
38.
Minnesota- 86mm, with 49mm coming from media rights and conference distributions
39.
Georgia Tech- 86mm, with 37mm coming from media rights and conference distributions
40. Washington- 83mm, with 23mm in media rights and conference distributions
41. Indiana- 78mm, with 47mm in media rights and conference distributions
42.
NC State- 78mm, with 36mm coming from media rights and conference distributions
The FBS Median is 62mm, schools not listed here that are not in the Pac 12, Big 12, B1G, ACC, or SEC are generally generating between the 28-43mm in revenue. Any schools in the major conferences that are not listed are due to the fact that their revenue is below the Forbes list of Clemson at 77mm (that was the cutoff). Notably, Colorado and UCLA are anemic at less than 48mm in total revenue. Clearly revenue was not equated to value for the B1G, it was all about the market.
There are MAJOR schools (think Duke, Boston College, Miami, Vanderbilt, Northwestern, Stanford, etc.) that are not listed because no one knows their real revenues/value unless you somehow get your hands on their tax statements.
"Value" is in the eye of the beholder. Do you look at revenue and subtract institutional support from the total revenue figure, if you use revenue as your value indicator? Do you cut out media rights since, presumably, that is tied to the league the school is in rather than the school as an independent entity?
I know this-- I am familiar with someone who is working the "value" angle on behalf of a certain league...and many things OTHER than revenue are going into the calculus, such as media markets, population, alumni location, etc. Revenue as a value indicator is simply poor in deciding the future landscape of FBS. One thing is clear, if you are using "REVENUE" for realignment, there are a host of schools that people have written off that would have perceived valued to a league (Arizona St, Arizona, NC State, Va Tech, Louisville, etc.).