(07-17-2023 08:14 PM)PicksUp Wrote: (07-17-2023 05:24 PM)jacksfan29! Wrote: (07-17-2023 03:44 PM)Eichorst Wrote: (07-17-2023 02:27 PM)bryanw1995 Wrote: The Pac's refusal to expand their footprint into the midwest and southwest over the past few decades directly led them to this point.
The B1G and SEC have basically stayed in their footprints while their TV deals have exploded in value. I don't think that even with eastward expansion that the Pac-12 would be sitting at parity with the B1G and SEC, which therefore means they would still be at risk of losing members to either of the P2.
The Pac-12 has made many mistakes, but I'm not sure there's a scenario where they don't still end up in the same situation.
Let's just say the PAC today, has USC, UCLA, OU, TX in the league. They would not be in the same situation, in fact they would be poaching, the likely 3 in a P3 or P4.
The PAC with those four wouldnt be making anywhere near 70-75m per school/year. Prove me wrong.
TX/OU would have left sooner than the South California traitors. Prove that they would stay in a league with non-P2 money.
Prove to me that Big Bang happened less than 13.9 billion years ago. Or prove to me the exact location of an electron, along with it's speed and direction of travel. Oh, wait, you can't do that? Well, none of us can PROVE what would have happened to the Pac with OUT + a couple of others in the fold for the past 30 ish years. But we can guess, and we can use current valuations to do so.
Assume that OUT both moved to the Pac in the 1990-1995 range. Then, later, Utah and CU joined. Nobody else, just those 4, so the current Pac was at 14.
The current Pac is worth, what, $30-$35m a year on 100% OTA if they'd gone to market before the big 12 and we weren't in a horrible recession? Let's use $32.5m. Throw back in USCLA. $45m now? Then OUT. $60m? I think that their number would be about $60m as a group, and I can use the approximately $500m valuation of OUT and USCLA to justify that figure. $500m + $325m for the other 10 = $775m for 14 schools, or $59m per school. That's pretty close, right?
However, what will the B1G and SEC be looking at without OUT and USCLA? $60m each roughly?
It would literally be a P3 right now, there can be little doubt about it. OUT and USCLA aren't leaving the Pac if it's just to make a few million more per year unless they're REALLY unhappy with awesome academics and the great camaraderie that the Conference clearly enjoys. For $30m or $50m a year? Yeah, of course. But not for $5 or $10m. They might look to do some poaching, however. They'd talk to A&M a lot, and Nebraska, Iowa, Wisconsin, etc, but none of us would be interested. Just as the SEC and B1G aren't going to poach from each other for the foreseeable future, neither would the Pac poach from them. It would be a true P3, with the ACC as a weak-ish 4th, while all of the old big 8/SWC schools merged long ago to form the "big 12". I'm not sure if they'd be getting $30m or $10m today on their media rights deal, but it seems quite unlikely that they'd be stronger than any of the actual "P4" or "P3" of the current era.
edit: and those numbers for the current Pac are low estimations, while it's difficult to estimate the impact of a much stronger PAC on the SEC and B1G. It's quite possible that the Pac would actually be #1 in media revenues in the current cycle.