And the only number that matters:

13 years

Wait wait wait, a state university rep is outwardly pro-capitalism!! Stop the presses!!!

Shouldn't have pushed for expansion

He at first gave a conservative 10-12% estimate in a recent interview. I don’t like unequal revenue sharing while conference re-alignment hanging over everyone’s head and should be done after every revenue generating opportunity is exhausted. After that, you increase the revenue of the 5-6 schools that have realignment value; FSU, UM, Clem, UNC, GT, (Pitt?). Figure out how much is just enough for them to extend the GoR another 5 years (as a gesture of good faith). The ACC office could also chip in out of their own pocket so the other schools getting less are not hit as hard.

So the BE, MWC, Big 12, PAC 12 have all experienced the same problem, in that a couple of schools are disproportionately responsible for income. When those schools decide they want more, they either leave or demand additional pay out.

(02-24-2023 01:46 PM)IWokeUpLikeThis Wrote:  And the only number that matters:

13 years

Yeah, I agree.

(02-24-2023 01:58 PM)Garrettabc Wrote:  He at first gave a conservative 10-12% estimate in a recent interview. I don’t like unequal revenue sharing while conference re-alignment hanging over everyone’s head and should be done after every revenue generating opportunity is exhausted. After that, you increase the revenue of the 5-6 schools that have realignment value; FSU, UM, Clem, UNC, GT, (Pitt?). Figure out how much is just enough for them to extend the GoR another 5 years (as a gesture of good faith). The ACC office could also chip in out of their own pocket so the other schools getting less are not hit as hard.

(02-24-2023 02:01 PM)mikeinsec127 Wrote:  So the BE, MWC, Big 12, PAC 12 have all experienced the same problem, in that a couple of schools are disproportionately responsible for income. When those schools decide they want more, they either leave or demand additional pay out.

Let's be honest... it is that way in the Big 10 and to a lesser degree the SEC as well. Ohio State, Michigan, and Penn State are significantly more valuable than the rest of the conference.

(02-24-2023 01:39 PM)quo vadis Wrote:  

https://www.tampabay.com/sports/seminole...alignment/

So legal counsel just told the FSU board that they would roughly have to pay $120mm buyout to get out of the ACC GOR.

Yea ... that is not going to keep Florida State from leaving.

Easy math.....they get $80mm from SEC or Big 10. Currently receiving $40mm approximately from ACC. So you are picking up $40mm per year by changing conferences.

Finance the ACC buyout at 10mm per year for 12 years. You are still ahead 30mm!

Or $20mm payment to ACC for 6 years. Still ahead by $20mm.

Or $30mm payment to ACC for 4 years. Still ahead by $10mm.

IF that $120mm buyout is legit. They gone eventually....and probably shortly.

$120M to break a GOR longer than a decade?

Texas and OU paid $50M each for one year

(02-24-2023 02:29 PM)Boots Wrote:  https://www.tampabay.com/sports/seminole...alignment/

So legal counsel just told the FSU board that they would roughly have to pay $120mm buyout to get out of the ACC GOR.

Yea ... that is not going to keep Florida State from leaving.

Easy math.....they get $80mm from SEC or Big 10. Currently receiving $40mm approximately from ACC. So you are picking up $40mm per year by changing conferences.

Finance the ACC buyout at 10mm per year for 12 years. You are still ahead 30mm!

Or $20mm payment to ACC for 6 years. Still ahead by $20mm.

Or $30mm payment to ACC for 4 years. Still ahead by $10mm.

IF that $120mm buyout is legit. They gone eventually....and probably shortly.

From today's article at Noles247:

A member of FSU's BOT asked about a buyout of the conference, Alford allowed counsel to answer that question.

"The bylaws have language in there governing exit from the conference and what the cost is of exiting the conference and it is written in there that it is three times the operational budge of the annual operating budget of the ACC, is what the bylaws of the ACC say."

Using today's numbers, it would be roughly $120 million per Alford.

Wonder if a good lawyer could knock that $120M down 40% or so like their counterparts and OU and UT were able to do recently?

"I would think that the significance of what that would mean, television rights that the conference owns, as well as a nine-figure financial penalty, I think it (the GoR) holds, but your guess is as good as mine."

Jim Phillips
July 20, 2022

Quite interesting Alford invited counsel to answer the question about FSU buying its way out of the ACC.

(and also that these discussions were "leaked" to media outlets).

Sure seems like FSU isn't interested in waiting for its freedom until 2036

120 mil seems awfully.....low. If that were the number.. then FSU should be reaching out to the SEC and BiG immediatley

(02-24-2023 02:29 PM)Boots Wrote:  https://www.tampabay.com/sports/seminole...alignment/

So legal counsel just told the FSU board that they would roughly have to pay $120mm buyout to get out of the ACC GOR.

Yea ... that is not going to keep Florida State from leaving.

JRsec, where are you buddy?

Perhaps its $120M to leave the ACC

But how much is it to leave the ACC WITH your TV rights that you have granted away

(02-24-2023 02:46 PM)Thiefery Wrote:  120 mil seems awfully.....low. If that were the number.. then FSU should be reaching out to the SEC and BiG immediatley

Pretty sure that's already happened

(And not just with Free Shoes U, either)

Looks like that 120M is for the exit fee. Until the GOR is a year or two away where it effectively become an overlap with the exit fee (see TXOU) it will remain a separate problem with added cost.

(02-24-2023 02:50 PM)solohawks Wrote:  Perhaps its $120M to leave the ACC

But how much is it to leave the ACC WITH your TV rights that you have granted away

Good question.

Wonder if the folks at Disney would be willing to work things out in an amiable way since the Noles (and I'm sure Clemson, too) would be moving from ABC/ESPN to (looks it up) ABC/ESPN?

https://www.tampabay.com/sports/seminole...t/#nocache

FSU fires warning shot to ACC: ‘Something has to change’

Quote:One trustee asked if a buyout to leave the ACC was “even feasible.”

“That is an excellent question,” answered Carolyn Egan, FSU’s vice president for legal affairs and general counsel.

Egan said the ACC’s exit fee is equal to three times its annual operating budget. That equals $120 million.

If FSU could make up $30 million per year, a trustee asked, does that mean the Seminoles would break even in about four years?

“Hypothetically,” Alford said.

The ACC's days are numbered.