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

[UConnJim]

So, the rest of The ACC is buying FSU, Clemson, UNC, and Miami's silence until 2031. If they're able to negotiate lower exit penalties The ACC as we know it is effectively on the clock.

This is an interesting settlement if the reports are true. The "brand" football schools get more games against Notre Dame and the "non-brand" schools get fewer. Then there is extra money for the brand schools and the possibility that the exit penalties decline in 2031. Sounds like a compromise.

 

[Stinger92860]

Lol. So many schools in ACC realize a cut in their ACC revenus beats having to go in to the market alone to find their value.

"ACC sources suggested a vote to support the new revenue distribution plan may not be unanimous, but one conference administrator said a cut in distribution would likely be worthwhile if it meant stability in the coming years as college athletics works its way through a volatile series of existential shifts in its amateurism model. Multiple administrators who spoke with ESPN noted the severe impact that the collapse of the Pac-12 had on Oregon State and Washington State, and the observably diminished values of those programs has helped spark interest in negotiating a settlement."

Who would be deciding the revenue distribution splits or should I say mediating? Would some of it be FB performance based, attendance, times on national TV, etc. ? This would be interesting, especially for BCU.

 

[Exit 4]

But making it cheaper for them to leave early? If any president votes for that, their school should fire them immediately.

But don't you understand- this is about "making peace in our time."
Although it didn't work in 1938.

 

[buddy]

Tax ESPN!

 

[Dream Jobbed 2.0]

Not a key tweet but a question every time I open this thread, it opens on page one not the most recent post like all other threads do. Why???

 

[UConn Dan]

Not a key tweet but a question every time I open this thread, it opens on page one not the most recent post like all other threads do. Why???

If you haven't opened the thread in a long time it will do that (not sure why and what is a long time lol). Just click on the "Jump to New" and you should go back to where you left off. When I check daily I don't have any issues with it going to page one.

 

[UConn Dan]

So are we to read the tea leaves and say rule # 1 will be in full force until 2029 at the earliest? We'll be staying put until the end of the decade.

 

[BlueWolf25]

So are we to read the tea leaves and say rule # 1 will be in full force until 2029 at the earliest? We'll be staying put until the end of the decade.

I mean I’d love to do the Big 12 for all sports, with football joining in like 2029 or 2030 thing. But yeah I don’t see that happening yet, no need for them to rush

 

[upstater]

Tweaking the revenue formula…eh, fine. Maybe they do that. I saw some mention that they were going to consider giving FSU and Clemson more Notre Dame games…they probably need to discuss that with Notre Dame.

But making it cheaper for them to leave early? If any president votes for that, their school should fire them immediately.

If you tweak the revenue formula by giving more money to the winning teams, FSU gets less money

 

[LoyalFanCT]

Will UNC and NC State jump ship sooner than later and open a spot for UConn and maybe another school?

 

[noeynox]

Will UNC and NC State jump ship sooner than later and open a spot for UConn and maybe another school?

No.

 

[jostar1]

According to Flugaur, the other schools Pitt, BC, Syracuse, Wake Forest, will go along with it because they want private equity investment. The Big 12 and now the Big 10 are looking into getting private equity buy-in. The ACC can't do that until the FSU and Clemson lawsuits are settled. UNC will go along with it because they may want out of the ACC so they want the exit fees reduced, just like Clemson, Miami, and FSU want them reduced. They also are in favor of private equity investment. Note the UNC Chancellor's meeting with the Faculty Council explaining why they have to pay millions to Bill Belichick and invest in football. They need money that they are not getting from the ACC media contract.

 

[Fishy]

If you tweak the revenue formula by giving more money to the winning teams, FSU gets less money

You’ll note that they do not want that….they want more money for “being” Florida State.

 

[jostar1]

And here is Flugaur's take on it:

 

[Fishy]

According to Flugaur, the other schools Pitt, BC, Syracuse, Wake Forest, will go along with it because they want private equity investment. The Big 12 and now the Big 10 are looking into getting private equity buy-in. The ACC can't do that until the FSU and Clemson lawsuits are settled. UNC will go along with it because they want out of the ACC so they want the exit fees reduced, just like Clemson, Miami, and FSU want them reduced.

Someone will need to explain to me how a public university goes about selling any part of their interests to private equity.

 

[Exit 4]

The merry-go-round is nuts and when will it end? I have no idea. Still speeding up for now.

 

[nelsonmuntz]

Someone will need to explain to me how a public university goes about selling any part of their interests to private equity.

The first PE firm that invests in a college athletic program will become a magnet for every dipspit deal in America.

 

[upstater]

The first PE firm that invests in a college athletic program will become a magnet for every dipspit deal in America.

What else are you going to invest in? A purple grape ape painting?

 

[The Viking]

Everytime I open this thread I'm reminded of how two California teams and a Texas team are in the Atlantic Coast Conference and we are not.
It's just incredible. Especially when the power broker is sitting right in our backyard this whole time.
It would have been nice if when decidng to extend it, ESPN could have found a way to roll us in somehow. Alas.

 

[Patman]

Someone will need to explain to me how a public university goes about selling any part of their interests to private equity.

More of a lease. Either case i think fans who hope that PE will lead to better times are in for a shock because somebody will have to milked to make a profit

 

[Fishy]

More of a lease. Either case i think fans who hope that PE will lead to better times are in for a shock because somebody will have to milked to make a profit

It reminds of Chicago selling their parking meters to a private entity. They sold them for 1.5B or something like that….15 years into the 75 year deal, the equity company has made back the initial sale, plus $500,000,000 and Chicago is destitute.

Going to be amazing when the Big Ten announces that Ohio State and Michigan are playing four times a year because Fahad AlSaif wants his money back.

 

[Jimdish255]

Everytime I open this thread I'm reminded of how two California teams and a Texas team are in the Atlantic Coast Conference and we are not.
It's just incredible. Especially when the power broker is sitting right in our backyard this whole time.
It would have been nice if when decidng to extend it, ESPN could have found a way to roll us in somehow. Alas.

ESPN doesn't care about UConn. I don't understand why the State of Connecticut puts up with it. Having them here has resulted in only bad outcomes.

 

[CL82]

Someone will need to explain to me how a public university goes about selling any part of their interests to private equity.

GOR, possibly? They wouldn't be selling state owned assets, but instead would be selling the rights to future earnings. The only way that would work is if the immediate cash payment had a lower value than the pv of the potential cash stream. (Think JG Wentworth and the purchase of structured settlements.) That's not a huge leap from current GORs which as we've seen from the ACC traded optimized value for certainty and immediate stability.

 

[Stinger92860]

GOR, possibly? They wouldn't be selling state owned assets, but instead would be selling the rights to future earnings. The only way that would work is if the immediate cash payment had a lower value than the pv of the potential cash stream. (Think JG Wentworth and the purchase of structured settlements.) That's not a huge leap from current GORs which as we've seen from the ACC traded optimized value for certainty and immediate stability.

Any item owned by the entity, in this case the U of whatever, would be state owned. No?

 

[Ha Who]

ESPN doesn't care about UConn. I don't understand why the State of Connecticut puts up with it. Having them here has resulted in only bad outcomes.

I don’t disagree with you but there is a reason Hartford is a ghost town, building a bunch of apartments where I don’t know where these people are going to work. A state of emergency should’ve been declared to determine what could be done to bring a couple fortune 500 companies into the city. But look at people like looney tunes and you have your answer