Key tweets, and it's all gone to Hell.

[Ha Who]

I didn't realize that is where the thread had gone.

ESPN is a shrinking business that will have less employment in the future than it does now. Giving ESPN tax breaks is like giving tax breaks to a horse-pulled buggy or beeper manufacturer. What is the point? Connecticut should continue to make the state a great place for tech companies and financial services, and every other company needs to justify every nickel it gets from the state. Why should a shrinking dinosaur like ESPN get taxpayer subsidies?

Again, I agree with you. They are the Notre Dame of media living off their name until the next Apple replaces IBM. It is one thing to change policies which have not helped this state’s business climate. In that case tell them we are not picking winners anymore and the tax break is gone. Just don’t expend them to say thanks and in return we will get your flagship university into a p 4 conference

 

[CAtlantic]

 

[huskymedic]

 

[CL82]

Why Silicon Valley Companies Are Moving to Texas

Silicon Valley has long been considered the epicenter of the tech industry, but its days at the center of the tech universe may be numbered as more firms move to Texas.

www.investopedia.com

Did you read the article or just the headline?
Read the article.

 

[CL82]

You're troll game on this subject is weak.

You make a stupid point, you get a stupid answer.

It’s not trolling because I’m not looking to induce you to post more on it. My goal is more of a realization where you think to yourself “oh sheet, I guess I did say that” and just walk away from it with a shred of dignity.

 

[Ha Who]

Did you read the article or just the headline?
Read the article.

Your right and the outmigration of people and companies from Connecticut is fake news

 

[nelsonmuntz]

The ACC schools hold all the cards in the negotiation. If Clemson is pulling out $33 million a year from the ACC, and would get $115 million from the Big 10 or SEC, then it would be worth it for Clemson to leave if the ACC would get $82 million a year from the Big 10. Is Clemson willing to pay $82 million (and growing) per year until 2037 or whenever the ACC GOR ends? That would be the opening position for me if I was Wake Forest's President.

My math, and everyone else's math, on the GOR was wrong. There are 14 schools in the ACC. Assume that Clemson and FSU leave, and the subsequent contract resulted in the ACC getting $20 million per school instead of $33. The amount FSU and Clemson would owe is ($33-$20) x 12 x 15 years left on the contract. $2.34 billion. That is the starting point in damages from the left behind ACC schools.

But that is not big deal, right? Everyone can negotiate a settlement.

 

[CL82]

Your right and the outmigration of people and companies from Connecticut is fake news

LOL, you went full Nelson, never go full Nelson.
(Single sentence strawman are pretty much running up the white flag.)

 

[billybud]

Well..that math depends on ESPN....when Nebraska and Colorado left the Big 12, ESPN did not lower the Big 12 conference payout...and, with fewer schools to split the pie...the remaining members actually got more. And the Big 12, 4 years later when the ESPN contract expired, secured a larger contract with Fox.

 

[pepband99]

My math, and everyone else's math, on the GOR was wrong. There are 14 schools in the ACC. Assume that Clemson and FSU leave, and the subsequent contract resulted in the ACC getting $20 million per school instead of $33. The amount FSU and Clemson would owe is ($33-$20) x 12 x 15 years left on the contract. $2.34 billion. That is the starting point in damages from the left behind ACC schools.

But that is not big deal, right? Everyone can negotiate a settlement.

This math isn't right, either, at least when it comes to negotiating a settlement. Keeping in mind these are media rights, you would need to subtract anything that isn't impacting them (OOC away games, neutrals, T3, etc). It's still a big, negotiated, number, but it's not this simple (and big).

 

[Chin Diesel]

You make a stupid point, you get a stupid answer.

It’s not trolling because I’m not looking to induce you to post more on it. My goal is more of a realization where you think to yourself “oh sheet, I guess I did say that” and just walk away from it with a shred of dignity.

Your troll game on this subject is weak

 

[superjohn]

Because abandoning multi million dollars of infrastructure is a sound business decision. Am I right?

Multi million dollars of infrastructure?

 

[Stinger92860]

My math, and everyone else's math, on the GOR was wrong. There are 14 schools in the ACC. Assume that Clemson and FSU leave, and the subsequent contract resulted in the ACC getting $20 million per school instead of $33. The amount FSU and Clemson would owe is ($33-$20) x 12 x 15 years left on the contract. $2.34 billion. That is the starting point in damages from the left behind ACC schools.

But that is not big deal, right? Everyone can negotiate a settlement.

is the 2 billion plus the GOR for the entire league? Would a school only be responsible for their share of the GOR, somewhere is the 150-200 Million range?

 

[nelsonmuntz]

is the 2 billion plus the GOR for the entire league? Would a school only be responsible for their share of the GOR, somewhere is the 150-200 Million range?

If two teams left, the damages would be the difference per team between the new contract and the old contract, times the number of remaining teams, times the number of years left on the contract.

 

[nelsonmuntz]

This math isn't right, either, at least when it comes to negotiating a settlement. Keeping in mind these are media rights, you would need to subtract anything that isn't impacting them (OOC away games, neutrals, T3, etc). It's still a big, negotiated, number, but it's not this simple (and big).

I get that it is not that simple, but my math is a pretty good starting point. Things like T3 rights would actually increase the damages, not decrease them. Wake and the rest would have a claim for any prospective loss of T3 value.

 

[nelsonmuntz]

Well..that math depends on ESPN....when Nebraska and Colorado left the Big 12, ESPN did not lower the Big 12 conference payout...and, with fewer schools to split the pie...the remaining members actually got more. And the Big 12, 4 years later when the ESPN contract expired, secured a larger contract with Fox.

If ESPN wants to cover the cost, then that would definitely reduce the damages. Why would ESPN do that on an already signed contract that runs for another 15 years?

 

[CL82]

Multi million dollars of infrastructure?

LOL, yep. It was inelegantly phrased, perhaps, but the ESPN campus is over 20 buildings of nearly 750,000 ft.² no one is going to walk away from that because their feelings were hurt.
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[billybud]

ESPN isn't losing money if two leave the ACC to the SEC...just switching time slots on Saturdays while building an adjacent ESPN property....The ACC contract still would exist for 14 years,. All ESPN would be doing is payingthe same for two less teams but the ACC would backfill...and the contract is undervaued already.

ESPN kept paying the Big 12 because it was their property and they didn't want it to fold...ditto for the ACC...

ESPN does not want ACC teams fleeing to a Fox property like the B1G.

 

[Kolumbo]

I get that it is not that simple, but my math is a pretty good starting point. Things like T3 rights would actually increase the damages, not decrease them. Wake and the rest would have a claim for any prospective loss of T3 value.

Damages? I get the GOR but I don't see any reason a program would be liable for damages. It's not the leaving program's fault if the remaining properties don't command the same fee.

 

[FfldCntyFan]

My math, and everyone else's math, on the GOR was wrong. There are 14 schools in the ACC. Assume that Clemson and FSU leave, and the subsequent contract resulted in the ACC getting $20 million per school instead of $33. The amount FSU and Clemson would owe is ($33-$20) x 12 x 15 years left on the contract. $2.34 billion. That is the starting point in damages from the left behind ACC schools.

But that is not big deal, right? Everyone can negotiate a settlement.

You would be correct if the sole recourse was to sue for damages. The GOR goes much further than has been discussed here and the fact is the departing schools would need to buy their broadcast rights back from the ACC (as they have been signed over to the ACC for another decade and a half).

 

[FfldCntyFan]

ESPN isn't losing money if two leave the ACC to the SEC...just switching time slots on Saturdays while building an adjacent ESPN property....The ACC contract still would exist for 14 years,. All ESPN would be doing is payingthe same for two less teams but the ACC would backfill...and the contract is undervaued already.

ESPN kept paying the Big 12 because it was their property and they didn't want it to fold...ditto for the ACC...

ESPN does not want ACC teams fleeing to a Fox property like the B1G.

Your last statement is the operative point.

The second ESPN sets the price of a full member leaving for the SEC at an affordable dollar amount, the Big 10 will swoop in for schools that they want to add.

The Notre Dame move is what will set everything else in motion. If they leave for the Big 10 (with a buyout of a lesser GOR), it will be very easy to determine the GOR buyout for a full member. For example, if ND receives 45% of what a full member receives in revenue distributions, same remaining term GOR has 45% of the value of a full member.

 

[billybud]

The problem for Notre Dame is that, as a requisite for joining the ACC, they signed an ancillary to the GOR that during the term of the GOR they would play five games a season with the ACC and that they would not join a conference for football other than the ACC.

 

[Rufus]

Greg Flugaur

@flugempire

BTM “For Notre Dame to sign on to Big Ten the new structure needs to be squared away. It needs to be all gamed out on structure, scheduling pods and Irish’s obligations to FOX and Big Ten Network outside of NBC. NBC participation would be key part of Irish’s entry into Big Ten”


2:08 PM · Jul 6, 2022·Twitter Web App

 

[Rufus]

Greg Flugaur

@flugempire

BTM “Notre Dame will have to be completely satisfied with structure of Big Ten to make a move. Lots of money would leave Notre Dame in short term if move is made out of ACC GOR so they have to be convinced on all accounts. But talks did not start from scratch beginning of July.”


2:10 PM · Jul 6, 2022·Twitter Web App

 

[noeynox]

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