Iâm also personally bummed that the PAC12 might be already be falling apart. It was always a pipe dream, but I liked the idea of a coastal conference that was made up of the best of the ACC and PAC. If in a merger we could drop some schools to balance numbers (maybe Wake, BC, Syracuse) and we had an Atlantic and Pacific division, that could have been a powerhouse with live tv programming throughout all prime time hours. Could have maybe been the third big contender ahead of the BIG12. Was always my own pipe dream, but instead seeing it fall apart and hoping a few of us get gobbled up by the SEC or BIG is lame.
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I guess this is where I disagree. Money wonât buy FSUâs happiness, true, but this success-based revenue sharing or whatever Hale calls it in his May tweetstorm (link is to first of a few tweets that deals with âsuccess initiativesâ), would help allay their concerns some, and given that the rest of the league apparently has a long-term relationship with FSU if you believe the GOR absolutists, itâs in our interest to have a âhappierâ FSU.
But isnât the point that the earliest opportunity is 2036?
I always appreciate your takes, but on this one I think we just disagree, haha. Yes, in an ideal world, we want FSU to be happy because being trapped in a house with an outright angry roommate is less peasant than being stuck in a house with a grumpy roommate. But what would make them happy (our money) wonât make them happy enough to stay and giving it to them hurts us. So why would we do that? Just to make being trapped in the house through 2036 slightly less awkward?
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The more I look into this, I think the success initiatives stuff is coming, the question is how favorable or unfavorable to FSU (and similar schools) it is. And, I hate to say it, but if I buy the fact that FSUâs underperformance has hurt the ACC (and I do), and if I buy the fact that declining revenue will hurt FSUâs program more (and I kinda do), then wonât FSU getting more money help FSU compete better at the upper echelon of college football? And wouldnât that be how itâs good for all of us in the ACC? Basically, yes FSU gets more, but theyâd be getting a higher % of a bigger pie.** So thatâs what FSU wants us all to think: FSU being good grows the pie, but in order to grow the pie for FSU, you â ACC midgets â need to accept a smaller piece of the bigger pie.
(Iâm not completely sure I agree, but I think thatâs the probably the less bombastic version of what FSU is saying publicly, and probably how theyâre lobbying behind closed doors)
** CFP payouts and what not, I guess?
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If you want to talk yourself into giving one of the wealthiest football programs in our conference more money out of our pockets in the hopes it might make help them compete a little better and thatâll maybe trickle down to us eventually, go for it, haha. Iâd have to see a ton more to convince me that would ever bring UVA more money than just riding out the equal revenue sharing through the end of the GOR. And also, in the very possible eventuality that FSU and Miami get their additional money but continue to suck (as they have for years now with plenty of money) doesnât that just leave us poorer with nothing at all to show for it?
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F you Rick. We did you a huge favor in 1991
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Can someone remind the crybabies in Tallahassee itâs not the â90s anymore? They have one winning season in the last 5 years. Clemson is the only ACC school allowed to bitch at the others about payouts.
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A great thread on the ACCâs future and what teams like FSU who want to leave are mulling over.https://twitter.com/ADavidHaleJoint/status/1687106802960470017
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Interesting David Hale tweetstorm on ACC realignment and how to interpret yesterdayâs FSU bluster:
I thought his most important/interesting takeaways were:
- FSU and Clemson (Miami?) will leave eventually, and while it wonât be this year, it will be before 2036. Maybe keep an eye out in the next 3-4?
- Wildcards are: (1) will college football completely change form so this will all be moot; (2) ACC finds new $$; (3) (including) ESPN decides it needs ACC to be competitive, so ponies up more $$
- Why the bluster from FSU yesterday? (1) Chaos is a ladder (cue Littlefinger), (2) conveys to their fans that theyâre trying, (3) conveys to the league office that they still want more $$**, and (4) maybe scares ESPN a little bit
** Iâm still a little unclear if this means just the CFP and NCAA tourney $$ (âsuccess initiativesâ), or if this means divvy up the regular TV money unequally.
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The argument for FSU is that it isnât about winning, itâs about bringing eyeballs to their broadcasted games. If Wake wins 9 games a year and FSU only 5, but FSU game ratings are 2-3x better than Wakeâs, then FSU is the more valuable property and thus arguably deserves a greater piece of the media revenue pie.
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I think if the 9 PAC-12 schools elect to stick together and add one to get to 10, possible, then we halt things for a couple of years. I have felt all along that it would be around 2030 before teams start to bolt from the ACC. It is all about the numbers. Reading the Hale threadt, I think it could be earlier, maybe 2026-2027ish, but likely not this year unless someone knows something about getting out of the GOR that we/I dont know.
Wolken also just tweeted that if the B1G were to expand right now, it would do a reduced per school amount for the new teams (50-60 mill) that would be fine for the Pac-12 teams, but for an ACC school I am not sure it would be enough to offset whatever negotiated settlement with the ACC would be 25-30 mill a year?
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Itâs interesting how everyone complains that the greed of athletes who want NIL is going to ruin college sports, when it turns out the real danger is the greed of colleges blowing up conferences. Maybe the NCAA should be drawing up a uniform contract for that, instead.
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I really do think weâd be all better off with regional conferences for everything except football. Football goes to a separate 60 team 5 division type organization. Would be better for almost everyone.
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What a great point. F does the NCAA even do now besides make some billions on March Madness? Or whatever they call it
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Lol what is this?
Iâm not a finance guy, but is it typical for (ostensibly) nonprofit entities to seek PE funding?
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Hahahaha. Have never heard of anything like this. Why would JPM care?
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I assume the same reason they care about anything â the betterment of the world and making people happy.
I know college sports have crossed the Rubicon a bit, but this feels like it would be a whole other thing.
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