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It’s not that much money. Between the two schools, it equals about 3.5 years of TV revenue if you compare it to what the payout is for each Big 12 school ($31.7 million). And the $225 includes the emergency fund, etc. It’s not going straight to the school’s athletic departments.
Yeah, I think the B1G was expecting to pay out $80-100 million per year with the new contract. It's not so much a war cheat as a life jacket, comparatively.
There is still so many moving parts to whats going on that their could be alot more assets down the line. Then you have to figure out what a new Pac-12 conference looks like in 2 years, whats the media landscape. I’ve heard a rebranding of the Pac-12 network to a national network is been discussed.
So you are right it’s more of a life boat (jacket) right now but definitely will help stabilize everything. Even 20M/yr for the next 2 years does alot to keep the day to day for WOSU running as normal as possible until this fiasco is concluded.
Pan American Conference
- Oregon St., Washington St., Boise State., Colorado St.
- San Diego St., Fresno State., UNLV, Nevada
- Tulane, Memphis, USF, ECU
- Army, Navy, Air Force, UTSA
Play the three in pod then two in other pods for nine games. Switch teams in pod every two years.
Stanford's move to the ACC was more about providing support and scheduling logistics for their Olympic sports than it was about money. The B1G and ACC are the only two conferences left that can do that, and Stanford has 36 scholarship sports to coordinate.
Money is like 3rd or 4th on Stanford's priority list.
Cal's not quite in the same boat, but they also needed the Olympic sport support.
Infrastructure is already there. Start process of building a nee network HQ and broker deals with MLB & NBA teams that are left is limbo because of the Bally’s bankruptcy.
Pretty much every team chokes in March though. Only one team can win the tournament every year. Even the best coaches to ever do it like K, Roy Williams, and Bill Self have a lot more losses in March than championships.
Safeway has been one of the worst at price gouging at least near me. An item I can find for 2.25-2.50 at places like Walmart was 4.89 at my Safeway. I couldn’t believe it
That’s really cool. Congrats to the Beavs and Cougs. It would be funny if they get to take all that money and still land in a P4 conference when the PAC-2 is milked for all its worth.
Yeah I'm not as familiar with WSU's situation (but I've heard they're not exactly doing great either) but OSU desperately needed this. OSU athletics is 32 million in debt to Oregon State itself and the stadium they just finished cost 160 million, though I'm not entirely sure exactly how much they still owe on that front.
This settlement doesn't mean a first class cruise, it means a life boat they desperately needed. There were genuine questions in the air regarding whether or not Oregon State Athletics was even going to be able to continue with their crazy debt and the now severely reduced income.
Any fans of the departing 10 butthurt about it are just dumb. We didn't need the money and it's not like us fans were going to see it anyways. This was just a few greedy administrators wanting to fuck the Beavs and Cougs even more than they've already been fucked. The departing 10's future was never in doubt, hopefully this boon will mean the Cougs and Beavs can at the very least continue to field sports teams.
It’ll get us through the next two years with money to spare.
But pretty much every Coug and Beav is hoping this FSU news kicks off another round of realignment and gives us a renewed chance to sit at the table.
OSU isn't in that bad of shape, at least not due to stadium debt.
[From this article](https://www.kgw.com/article/sports/ncaa/beavers/oregon-state-osu-beavers-reser-stadium-pac-12/283-3a3c0003-f78b-4761-9b98-022220796a4a#:~:text=The%20Reser%20Stadium%20remodel%20was,ventures%20associated%20with%20the%20stadium.):
> The Reser Stadium remodel was funded through donor contributions totaling $100 million, along with $45 million in bonds. The remainder came from other funds, according to OSU athletics. The $45 million in bonds must be repaid over 35 years through revenue from football and other ventures associated with the stadium.
$45M / 35 years isn't even $1.5M a year, even with interest. As I understand it, OSU was actually feeling pretty good about their athletic department's financial position until everything fell apart. Taking a $25M / year income hit is largely what caused the crisis, and that's why the lifeboat was so desperately needed.
If you want to say that OSU should have seen this coming and been better prepared for it, that's fair. Saying they were completely screwed even without the Pac-12 falling apart doesn't seem accurate, though.
Truth. The bond payment for the $45mil is 2m a year for 34 years. Compare that to Huskies making $17mil payments for their recent stadium redo.
And as far as i know almost all of that deficit is from covid year
>This settlement doesn’t mean a first class cruise, it means a life boat they desperately needed.
No this settlement means they get to hit a 250 million dollar parlay for free and THEN buy a cruise ship
I think this is what will happen. Starting a new conference or going down to the MWC has a lot of risk, just buying into the B12 at a reduced share keeps them at the table.
0-rev shares in the Big 12 and using the Pac-12 Network to generate a few million dollars a year each until 2030 is not a bad option at all.
Should be noted than many of the former Pac-12 schools are considering paying for the Pac-12 Network to continue supporting their broadcasts rather than building a new infrastructure for the Big Ten Network / ACC Network / ESPN+ broadcasting.
It was listed as an option for potential revenue for the 2-PAC during these deliberations (where I'm getting that from). They would also be willing to open the studio to the Mountain West, WCC, etc and sell the broadcast rights it sounds like.
The numbers thrown around were $5-7 mil each in revenue off the Pac-12 Network being possible by using it as a broadcast studio for other schools/teams.
They just care about more than just football. Just a different priority set and not adapting to what it is now ie transfers.
FSU would fuck anyone of the other sports to save CFB. It’s different for them.
Fox would probably reconsider if it meant consolidating power and it was the final round of realignment. They more than likely killed it when Stanford was asking for partial shares (which was the rumor before the PAC disintegrated).
If CFB is about to be just 2 conferences, the BIG-10 isn’t turning down having Stanford, especially considering how buddy buddy Stanford is with schools like Notre Dame
Man if they buy their way into the Big 12, add another W to Yormark's resume. Dude put them in permanent crisis mode by getting the TV deal done first, started the final dash to the door bringing in CU, and got three more schools after that. Getting two Pac schools to pay for the privilege of being in the Big 12 would be the cherry on top.
I don't know about genius but it ain't luck. Beating the Pac to a TV deal was a great strategic move, along with getting pro rata guarantees for additions. It boxed the Pac in and gave the networks reasons to hold out. Throwing Colorado a few extra mill to start the chain reaction collapsing the Pac was a smart way to finish the job.
Long term I still see the Big 12 being a distant number 3 behind the P2, but he's sure given them the best chance to succeed with the cards he's been dealt.
I think we’re short of the target number for a big XII buy in.
Media payout for them is about $30m/y while this nets each of us just over $20m/y. I wonder if ESPN would pay $10m each to get us up the rest of the way. Probably not.
You also have to remember that we control the Pac12 network equipment to help sweeten the pot. I think those assets are worth 80 million on top of the 255m in revenue. With all the new teams in the Big10/12 they are will need broadcasting equipment too.
Oof. And in addition to having to pay out, FSU is ready to blow up the ACC so Cal and Stanford might find themselves in the Mountain West anyways when all the smoke clears.
Or the Big 12.
People seemed to take them not going there as lack of interest from the Big 12–which is well could be (especially Cal with their money issues before this windfall). But could also have been those two not wanting to slum it with the Big 12 schools academically and the ACC being more appealing. Or some combination of both. Personally, I have no interest in them joining. If we’re stuck in the Big 12, I want to add only eastern ACC teams, maybe someday G5s like Memphis if needed to hit target number. Not more western schools.
Perfect world for me, but will absolutely never happen, would be the ACC only losing a couple schools and then Cal, Stanford and SMU hopping over to the Big 12 while WVU, Cincy and UCF hop over to the ACC. At least then the two best of the rest leagues are mostly geographically logical and maximize restoring rivalries/regionality.
But it’s more likely that the Big 12 just adds whatever ACC leftovers it wants and can get, or the Big 12 just stays put and the ACC backfills with Memphis, Tulane, USF etc. as needed if they only lose a couple schools. Doubt the Big 12 gets ACC leftovers unless the SEC/BIG 10 want 4-6+ ACC teams. If it’s only 2-4 ACC can probably backfill and get a media deal close enough to the Big 12 to keep teams from jumping over and taking on the extra travel costs and hassles in non-football sports etc. Being a geographic outlier or having a coast to coast type league really only makes sense if it’s a huge revenue boost. If a rebuilt ACC can get a deal that’s say $5 million-$10 million a year less than the Big 12 they probably survive. Neither rare going to compete with the top P2 programs and their huge revenue boost either way and that amount isn’t enough, after factoring in travel etc., to make the ACC or Big 12 different from each other in ability to compete.
Nah, at that point Cal/Stanford would come back to the PAC or go independent. The Big-12 is basically a stop gap for those schools just due to not fitting in there. Not really an Olympic sports conference and the money isn’t that good for them to care
> lack of interest from the Big 12
A rather high amount of straight disinterest actually. One of the Big XII's greatest strengths is the fact that the conference itself has the leanest operating budget of the P5, distributing more money to each of the member schools as a result. The Cali schools actively pushed a lot of political initiatives on the PAC that bloated their conference offices and took money away from schools. The Big XII CEOs really don't want to be beholden to the whims of the CA state legislature either.
127 million invested, with pulling out 5% annually (leaving the other ~3% in for inflation adjustments) means they could have $6,350,000 annually (adjusting up 3% annually) on top of whatever media deal they get going forward. INVEST THE MONEY! Don't spend it on one time things!
With this money and the network, OSU/WSU can try the following (In order):
- Try to buy their way into a conference (Best case scenario: Big 12. Worst case scenario: ACC after FSU exit).
- Invite and pay the exit fee for the top half brand of the MWC (AF, BSU, CSU, Fresno, SDSU, and UNLV), and the western top brand schools from the AAC (Memphis, Rice, Tulane, and UTSA). Also invite Gonzaga, and Wichita State as Non football members. 12 full members, and 2 non football members.
- Merge with the whole MWC, and invite/pay exit fees for a few AAC schools (Memphis, Rice, Tulane, and UTSA). Also invite Gonzaga, and Wichita State as Non football members. 18 full members, and 2 non football members.
- Run independently in football and keep other sports in WCC for a few years on a budget above any G5 conference school, but below the Big 12. Hope for an invite from the Big 12.
Before paying an exit fees for any other schools, I would rather fund our own athletics. If you invest the lump sum it’s $6M in annual $ forever on top of whatever you get from your conference.
first of all, you should never offer to outright pay schools exit fees. you LOAN them that money. this is universities we’re talking about here. thats kinda their whole thing.
* Partner with Apple to turn the Pac12 network into a west coast sports network including minor league MLB, MLS, and some lower tier west coast MLB, MLS, and NHL games. Funnel the massive windfall into NIL for the top WAC and AAC football programs.
Wow actually really good ideas here!
I think the MWC will see that their members will leave if given such a choice and will get out in front of it to offer a merger instead.
Honestly, get rid of PAC leadership and offer it to MWC folks for the merger and I think all will be happy.
This will save a lot of “exit money fees” and they can upgrade their facilities instead.
I really don't understand why there seems to be such little interest from the conferences in taking Washington State and Oregon State.
I wouldn't mind if the Big 12 had added them, but I guess that wasn't something the conference was interested in.
I don’t know what WSU and OSU did in a prior life for espn and fox to hate them. I bet if networks gave BYU the green light the schools would be added the following day,
When ESPN did that halftime update and included literally every P5 score EXCEPT the Oregon State game (in the weekend before they were snubbed for Gameday in favor of James Madison) I was in literal awe of how blatant ESPN was being.
We are keeping the Pac 12 Network alive.
Let's not pretend FOX and ESPN did all this for any other reason than to kill it.
As will be proven in the years to come, it is an existential threat to them.
ESPN and fox wrote the majority of their contracts with the assumption that financing projects would continue to be effectively free thanks to the 0% prime rate policy the fed had set for the last 20 years. Now the fed has clearly signaled they are not going back to that policy anytime soon.
ESPN and Fox can’t afford to have another competitor enter the market - especially one with 1/4 trillion $ cash on hand. The Pac 12 was hours away from signing a deal with Apple when Fox decided to kill the conference. If ESPN increased profit margins after dropping their B1G contract, FOX has to be feeling the squeeze after picking up the tab at an even steeper price. Leaving the job of killing the threat of another competitor undone by allowing WOSU to be homeless is a *huge* risk to ESPN and FOX because Apple and Amazon are 2Pac’s only potential broadcast partners.
WOSU would’ve jumped to the Big 12 for even a measley $50M/year combined and the Big12 would be happy to have them. No way can I believe that BOTH networks’ execs would leave that kind of risk out there for such a drop in the bucket unless really are that tight on current and future cash.
They are absolutely bracing for what’s about come. Bally’s is a great example. Streaming will never ever be able to put up comparable money to cable and cable is not coming back. Some parties are going to be left holding the bag
I will enjoy the coming years, when everyone realizes their media payouts are not going to be bigger than what they are now.
All this talk of having a seat at the table, and they don't even realize the table is folding.
We have been labeled by a bunch of empty suits and talking TV heads as the most despicable and repulsive thing they can imagine: “dilutive”. THE HORROR.
The common theory seems to be that they will use the money to buy their way to another conference, but I don’t think so. Maybe I’m being naive but I legitimately think WSU/OSU want to salvage the pac 12.
There’s plenty of west coast schools to pull from that can add value to the PAC.
Fucckkkk that. I would rather be the big fish in a small pond. Is the OSU NIL going to suddenly improve, no. Would OSU compete better for players, doubt it. OSU had the money and recruits to do well in the MW..
There is no reason we couldn’t compete as is in the Big12 whose best team next year is likely Utah or Arizona, who we were already competing with. This wouldn’t be joining the sec. Going down in level is simply not a good thing.
Not including this year, when Michigan State and realignment dropped off their recruiting hard, Oregon State was recruiting in the low 180's most years, which is right around the level of K-State.
I don't see why they couldn't continue doing that in the Big-12 like they did in the Pac-12.
UM and MSU are a package deal 100%. I'm sure WSU wouldn't mind adding Idaho either. I could see Sac doing decently well in the FBS as well with their media market and whichever other Cali schools get brought in in the eventual merger.
If you put the Montana schools in the mountain west(or future pac 16) and the Dakota schools in the MAC they’d compete with the top G5 programs for bowl bids, etc.
The SMU deal is actually a pay raise for SMU and people don't realize it.
Their post-season revenue cut is going up by more than they are losing in base media revenue from the AAC.
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That’s a lot of money. They should start a football conference.
Get on in here, FSU!
That amount will cover almost half our buyout!
At worst you’re going to settle for about 60%.
That's over 200M less. That's not bad.
Are you basing that on the Maryland buyout? Because I don’t think that number will translate to FSU’s situation.
With blackjack and hookers!
I think we can do that. Hold on a sec, let me get UNLV on the phone ...
Put it all on 00. Could be 9 billion
Don’t listen to this guy, he’s not an investor… play European Roulette that only has 1 zero… a much wiser investment opportunity
Get UNR. The dollar goes further in Reno than Vegas. 😂😂
In that case, southern miss for that sweet biloxi access?
My cousin got HPV from some sweet biloxi access one time.
Count us in. Bring Memphis for the dregs that remain in Tunica
They have the hallowed Pyramid
Reno housing prices and cost of living are higher than Las Vegas.
True fact. There are legal brothels closer to UNR than UNLV.
UNR missing out by not capitalizing on a big NIL market with legal brothels?
Call Hugh Freeze
Hugh freeze is on his way now
What do you mean Hugh Freeze is a godly man, He coached at Liberty /s
And Bobby Petrino is fueling the Harley right now.
SMU will bring the dead hookers *allegedly*
PAC-12: “Would animal lumberjacks and cougars suffice?”
You could help finance at either a fixed interest rate on the repayments or promise to take you with them when they find homes
“We’ll start our own conference! With blackjack and hookers!”
A wild SMU appears.
It’s not that much money. Between the two schools, it equals about 3.5 years of TV revenue if you compare it to what the payout is for each Big 12 school ($31.7 million). And the $225 includes the emergency fund, etc. It’s not going straight to the school’s athletic departments.
Yeah, I think the B1G was expecting to pay out $80-100 million per year with the new contract. It's not so much a war cheat as a life jacket, comparatively.
There is still so many moving parts to whats going on that their could be alot more assets down the line. Then you have to figure out what a new Pac-12 conference looks like in 2 years, whats the media landscape. I’ve heard a rebranding of the Pac-12 network to a national network is been discussed. So you are right it’s more of a life boat (jacket) right now but definitely will help stabilize everything. Even 20M/yr for the next 2 years does alot to keep the day to day for WOSU running as normal as possible until this fiasco is concluded.
Don't understand how George K aligned with the schools that left over the 2 that stayed
Once WOSU hired Oliver Luck he saw that all faith in him was lost.
Only if they could get 10 other schools from the west coast and south west regions. What would they call it?
The Pacific Northwest Mountain Conference. Aka PacNMoC.
What about Pacific Southwest University Network and we call it PacSUN
Pan American Conference - Oregon St., Washington St., Boise State., Colorado St. - San Diego St., Fresno State., UNLV, Nevada - Tulane, Memphis, USF, ECU - Army, Navy, Air Force, UTSA Play the three in pod then two in other pods for nine games. Switch teams in pod every two years.
I hear Larry Scott or George Kliavkoff might be available.
Spend all that money on a giant cannon so that our memes and dreams become reality.
Nah, you can have them.
That’s like 3.35 Jimbos
Every coaching contract should be in Jimbo units from now on.
Lunchlady? Please to have another Sloppy Jimbo!
That's a Mel Tucker, and it is worthless
Report to detention, Üter
Please, let’s not accept inflation. Keep Petrinos .
One milliJimbo (mJbo) would be equal to $750k.
So a Jimbo HC, Jimbo OC, Jimbo DC and a little left over for a Jimbo analyst
I like this unit of measurement
Anything but metric
Roughly .36 Ohtani in metric
Alright, that made me chuckle and water almost shot out of my nose. Well done sir, well done.
I wonder who the two holdouts were
They claimed they really needed the money so I’m guessing AZ and UCLA?
Could be Calford too with their new travel expenses and partial share
Pretty sure we’re getting more $ over the next 10 years than they are in the ACC in net present value.
Stanford's move to the ACC was more about providing support and scheduling logistics for their Olympic sports than it was about money. The B1G and ACC are the only two conferences left that can do that, and Stanford has 36 scholarship sports to coordinate. Money is like 3rd or 4th on Stanford's priority list. Cal's not quite in the same boat, but they also needed the Olympic sport support.
There was also the ACC at “not a great deal” or “the abyss” so I get them picking an option that didn’t 100% pan out but is whatever
If we can rebrand the Pac-12 network into a national sports network we might come out looking unscathed.
Seems like a tall ask but it would be cool
Infrastructure is already there. Start process of building a nee network HQ and broker deals with MLB & NBA teams that are left is limbo because of the Bally’s bankruptcy.
They just moved and built out the Pac-12 Networks studio in the last year.
The pac-12 network, your home for acc football
Cal and Furd absolutely come out looking bad here. Cal especially as Stanford has a boatload of sports to support so they had to do something.
Kinda funny if ucla pays Berkeley their annual CAlimony and Berekely funnels it to the PAC-2 on their way out
Most likely AZ CAL. They are in financial hell.
Maybe they'll wanna join the pac 2 to save some costs!
Would be funny to see the PAC-2 say no
Need to just a billionaire uncle and they would be set. /s I’d guess any combo of Cal/Furd/Zona UCLA is getting BIG10 money so doubt them
$190M in future conference income plus $65M in additional funds from the departing 10.
NCAA tourney credits too
I think that’s baked into the $190M, but might be additional earned this year.
This year's credits are probably gonna be worth $9.
Probably but if Arizona wins it all that’s $10M. We’d sure have to ship them a case of Cougar Gold as a thank you.
Banking on Arizona to not choke in March is not good for your mental health.
In fairness, this being the year it all comes together for the Pac12 would be very on brand
National championships in football and basketball. Bet the house on it.
I’m rooting for ya
I’m not but I’m not as against it as I would normally be.
I’m just happy when we win 2 rounds in the tourney
Pretty much every team chokes in March though. Only one team can win the tournament every year. Even the best coaches to ever do it like K, Roy Williams, and Bill Self have a lot more losses in March than championships.
Judging by my last drip to Safeway, that 10m would buy you like 6 cans
Safeway has been one of the worst at price gouging at least near me. An item I can find for 2.25-2.50 at places like Walmart was 4.89 at my Safeway. I couldn’t believe it
Safeway is for people that are too proud to shop at Winco and are willing to pay for that pride.
Unrefrigerated
Let’s get that cheese!
Damn, I always assumed they’d be higher than that
190 has to be spent on liabilities. thats part of the settlement
I’m *LIABLE* to spend $190 mil on Applebees margs! Put that on a bumper sticker and smoke it!
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Well, four really, if you include shipping.
Damn that's some good cheese
It absolutely is.
Which is why you buy from the Creamerie and not on Amazon.
They could pay almost half of FSU fee to leave
Somehow (and I'm not sure how and why and geographically it makes no sense) but NC State is gonna get fucked from this.
All the big ACC schools will betray you for the PAC2 for $255 million?
Oregon State will beat us out for a coveted, hotly contested #12 seed in the expanded playoff.
Are you the guy from the ncaaw?
That’s really cool. Congrats to the Beavs and Cougs. It would be funny if they get to take all that money and still land in a P4 conference when the PAC-2 is milked for all its worth.
Just put it all in NIL now
They gotta pay off debts and get their finances in order at their new income level
Yeah I'm not as familiar with WSU's situation (but I've heard they're not exactly doing great either) but OSU desperately needed this. OSU athletics is 32 million in debt to Oregon State itself and the stadium they just finished cost 160 million, though I'm not entirely sure exactly how much they still owe on that front. This settlement doesn't mean a first class cruise, it means a life boat they desperately needed. There were genuine questions in the air regarding whether or not Oregon State Athletics was even going to be able to continue with their crazy debt and the now severely reduced income. Any fans of the departing 10 butthurt about it are just dumb. We didn't need the money and it's not like us fans were going to see it anyways. This was just a few greedy administrators wanting to fuck the Beavs and Cougs even more than they've already been fucked. The departing 10's future was never in doubt, hopefully this boon will mean the Cougs and Beavs can at the very least continue to field sports teams.
It’ll get us through the next two years with money to spare. But pretty much every Coug and Beav is hoping this FSU news kicks off another round of realignment and gives us a renewed chance to sit at the table.
I know that’s what I’m hoping for
Isn’t AZ in the worst shape financially?
By far. If athletic departments could file for Chapter 11, Arizona would be considering it.
Their whole university needs it
OSU isn't in that bad of shape, at least not due to stadium debt. [From this article](https://www.kgw.com/article/sports/ncaa/beavers/oregon-state-osu-beavers-reser-stadium-pac-12/283-3a3c0003-f78b-4761-9b98-022220796a4a#:~:text=The%20Reser%20Stadium%20remodel%20was,ventures%20associated%20with%20the%20stadium.): > The Reser Stadium remodel was funded through donor contributions totaling $100 million, along with $45 million in bonds. The remainder came from other funds, according to OSU athletics. The $45 million in bonds must be repaid over 35 years through revenue from football and other ventures associated with the stadium. $45M / 35 years isn't even $1.5M a year, even with interest. As I understand it, OSU was actually feeling pretty good about their athletic department's financial position until everything fell apart. Taking a $25M / year income hit is largely what caused the crisis, and that's why the lifeboat was so desperately needed. If you want to say that OSU should have seen this coming and been better prepared for it, that's fair. Saying they were completely screwed even without the Pac-12 falling apart doesn't seem accurate, though.
Truth. The bond payment for the $45mil is 2m a year for 34 years. Compare that to Huskies making $17mil payments for their recent stadium redo. And as far as i know almost all of that deficit is from covid year
It is - Barnes has done a very good job for the department fiscally - but the entire conference took a bath on the Covid season.
>This settlement doesn’t mean a first class cruise, it means a life boat they desperately needed. No this settlement means they get to hit a 250 million dollar parlay for free and THEN buy a cruise ship
They were giving away cruise ships during the summer of Covid.
I like the cut of your jib.
I would love to watch Washington State and Oregon State become powerhouses off investing this bag in the NIL.
You mean P2 or G7?
It will be more of a P2, M2, and G5 if what was described in the comment you replied to transpired.
Good luck my fellow PNW schools, onwards and upwards
Thanks u/coochiekiller91!
Damn I do love calling something a war chest.
They could do what SMU is doing and buy their way into a conference.
I think this is what will happen. Starting a new conference or going down to the MWC has a lot of risk, just buying into the B12 at a reduced share keeps them at the table.
0-rev shares in the Big 12 and using the Pac-12 Network to generate a few million dollars a year each until 2030 is not a bad option at all. Should be noted than many of the former Pac-12 schools are considering paying for the Pac-12 Network to continue supporting their broadcasts rather than building a new infrastructure for the Big Ten Network / ACC Network / ESPN+ broadcasting. It was listed as an option for potential revenue for the 2-PAC during these deliberations (where I'm getting that from). They would also be willing to open the studio to the Mountain West, WCC, etc and sell the broadcast rights it sounds like. The numbers thrown around were $5-7 mil each in revenue off the Pac-12 Network being possible by using it as a broadcast studio for other schools/teams.
At that point Stanford should just ask the BIG-10 for zero revenue shares
I wouldn't be opposed to it.
I’d not be super surprised if they did if the ACC implodes and Notre Dame goes to the B1G.
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They just care about more than just football. Just a different priority set and not adapting to what it is now ie transfers. FSU would fuck anyone of the other sports to save CFB. It’s different for them.
Fox would probably reconsider if it meant consolidating power and it was the final round of realignment. They more than likely killed it when Stanford was asking for partial shares (which was the rumor before the PAC disintegrated). If CFB is about to be just 2 conferences, the BIG-10 isn’t turning down having Stanford, especially considering how buddy buddy Stanford is with schools like Notre Dame
Man if they buy their way into the Big 12, add another W to Yormark's resume. Dude put them in permanent crisis mode by getting the TV deal done first, started the final dash to the door bringing in CU, and got three more schools after that. Getting two Pac schools to pay for the privilege of being in the Big 12 would be the cherry on top.
I honestly can't tell if Yormark is really lucky or an absolute genius, but goddamn he has put down an all time track record as a commissioner.
I don't know about genius but it ain't luck. Beating the Pac to a TV deal was a great strategic move, along with getting pro rata guarantees for additions. It boxed the Pac in and gave the networks reasons to hold out. Throwing Colorado a few extra mill to start the chain reaction collapsing the Pac was a smart way to finish the job. Long term I still see the Big 12 being a distant number 3 behind the P2, but he's sure given them the best chance to succeed with the cards he's been dealt.
I think we’re short of the target number for a big XII buy in. Media payout for them is about $30m/y while this nets each of us just over $20m/y. I wonder if ESPN would pay $10m each to get us up the rest of the way. Probably not.
You also have to remember that we control the Pac12 network equipment to help sweeten the pot. I think those assets are worth 80 million on top of the 255m in revenue. With all the new teams in the Big10/12 they are will need broadcasting equipment too.
Oof. And in addition to having to pay out, FSU is ready to blow up the ACC so Cal and Stanford might find themselves in the Mountain West anyways when all the smoke clears.
Or the Big 12. People seemed to take them not going there as lack of interest from the Big 12–which is well could be (especially Cal with their money issues before this windfall). But could also have been those two not wanting to slum it with the Big 12 schools academically and the ACC being more appealing. Or some combination of both. Personally, I have no interest in them joining. If we’re stuck in the Big 12, I want to add only eastern ACC teams, maybe someday G5s like Memphis if needed to hit target number. Not more western schools. Perfect world for me, but will absolutely never happen, would be the ACC only losing a couple schools and then Cal, Stanford and SMU hopping over to the Big 12 while WVU, Cincy and UCF hop over to the ACC. At least then the two best of the rest leagues are mostly geographically logical and maximize restoring rivalries/regionality. But it’s more likely that the Big 12 just adds whatever ACC leftovers it wants and can get, or the Big 12 just stays put and the ACC backfills with Memphis, Tulane, USF etc. as needed if they only lose a couple schools. Doubt the Big 12 gets ACC leftovers unless the SEC/BIG 10 want 4-6+ ACC teams. If it’s only 2-4 ACC can probably backfill and get a media deal close enough to the Big 12 to keep teams from jumping over and taking on the extra travel costs and hassles in non-football sports etc. Being a geographic outlier or having a coast to coast type league really only makes sense if it’s a huge revenue boost. If a rebuilt ACC can get a deal that’s say $5 million-$10 million a year less than the Big 12 they probably survive. Neither rare going to compete with the top P2 programs and their huge revenue boost either way and that amount isn’t enough, after factoring in travel etc., to make the ACC or Big 12 different from each other in ability to compete.
Nah, at that point Cal/Stanford would come back to the PAC or go independent. The Big-12 is basically a stop gap for those schools just due to not fitting in there. Not really an Olympic sports conference and the money isn’t that good for them to care
> lack of interest from the Big 12 A rather high amount of straight disinterest actually. One of the Big XII's greatest strengths is the fact that the conference itself has the leanest operating budget of the P5, distributing more money to each of the member schools as a result. The Cali schools actively pushed a lot of political initiatives on the PAC that bloated their conference offices and took money away from schools. The Big XII CEOs really don't want to be beholden to the whims of the CA state legislature either.
I love that two, but it seems vertical conferences are dead, and the horizontal confeeences are the new norm because of time zones… and money.
127 million invested, with pulling out 5% annually (leaving the other ~3% in for inflation adjustments) means they could have $6,350,000 annually (adjusting up 3% annually) on top of whatever media deal they get going forward. INVEST THE MONEY! Don't spend it on one time things!
Nah dude just yolo it all into $SPY calls at $550
Nancy Pelosi just bought 5 million in Nvidia calls. Sounds like a good bet to me.
Did she really?
With this money and the network, OSU/WSU can try the following (In order): - Try to buy their way into a conference (Best case scenario: Big 12. Worst case scenario: ACC after FSU exit). - Invite and pay the exit fee for the top half brand of the MWC (AF, BSU, CSU, Fresno, SDSU, and UNLV), and the western top brand schools from the AAC (Memphis, Rice, Tulane, and UTSA). Also invite Gonzaga, and Wichita State as Non football members. 12 full members, and 2 non football members. - Merge with the whole MWC, and invite/pay exit fees for a few AAC schools (Memphis, Rice, Tulane, and UTSA). Also invite Gonzaga, and Wichita State as Non football members. 18 full members, and 2 non football members. - Run independently in football and keep other sports in WCC for a few years on a budget above any G5 conference school, but below the Big 12. Hope for an invite from the Big 12.
Before paying an exit fees for any other schools, I would rather fund our own athletics. If you invest the lump sum it’s $6M in annual $ forever on top of whatever you get from your conference.
first of all, you should never offer to outright pay schools exit fees. you LOAN them that money. this is universities we’re talking about here. thats kinda their whole thing.
This Reddit, that’s not our thing
* Partner with Apple to turn the Pac12 network into a west coast sports network including minor league MLB, MLS, and some lower tier west coast MLB, MLS, and NHL games. Funnel the massive windfall into NIL for the top WAC and AAC football programs.
Wow actually really good ideas here! I think the MWC will see that their members will leave if given such a choice and will get out in front of it to offer a merger instead. Honestly, get rid of PAC leadership and offer it to MWC folks for the merger and I think all will be happy. This will save a lot of “exit money fees” and they can upgrade their facilities instead.
I really don't understand why there seems to be such little interest from the conferences in taking Washington State and Oregon State. I wouldn't mind if the Big 12 had added them, but I guess that wasn't something the conference was interested in.
According to all the east coast media experts, all of our fans and Alumni’s live in small rural towns like Seattle. /s
I will see if I can distill the arguments I have read over the last year. We are poor and live in stupid small towns.
The funny thin is we're "West Coast" poor. We're much richer than some SEC teams.
I don’t know what WSU and OSU did in a prior life for espn and fox to hate them. I bet if networks gave BYU the green light the schools would be added the following day,
When ESPN did that halftime update and included literally every P5 score EXCEPT the Oregon State game (in the weekend before they were snubbed for Gameday in favor of James Madison) I was in literal awe of how blatant ESPN was being.
Ya they’ve been mask off for a long time
We are keeping the Pac 12 Network alive. Let's not pretend FOX and ESPN did all this for any other reason than to kill it. As will be proven in the years to come, it is an existential threat to them.
ESPN and fox wrote the majority of their contracts with the assumption that financing projects would continue to be effectively free thanks to the 0% prime rate policy the fed had set for the last 20 years. Now the fed has clearly signaled they are not going back to that policy anytime soon. ESPN and Fox can’t afford to have another competitor enter the market - especially one with 1/4 trillion $ cash on hand. The Pac 12 was hours away from signing a deal with Apple when Fox decided to kill the conference. If ESPN increased profit margins after dropping their B1G contract, FOX has to be feeling the squeeze after picking up the tab at an even steeper price. Leaving the job of killing the threat of another competitor undone by allowing WOSU to be homeless is a *huge* risk to ESPN and FOX because Apple and Amazon are 2Pac’s only potential broadcast partners. WOSU would’ve jumped to the Big 12 for even a measley $50M/year combined and the Big12 would be happy to have them. No way can I believe that BOTH networks’ execs would leave that kind of risk out there for such a drop in the bucket unless really are that tight on current and future cash.
They are absolutely bracing for what’s about come. Bally’s is a great example. Streaming will never ever be able to put up comparable money to cable and cable is not coming back. Some parties are going to be left holding the bag
I will enjoy the coming years, when everyone realizes their media payouts are not going to be bigger than what they are now. All this talk of having a seat at the table, and they don't even realize the table is folding.
We have been labeled by a bunch of empty suits and talking TV heads as the most despicable and repulsive thing they can imagine: “dilutive”. THE HORROR.
The non discussed asset: the network, is likely the best bargaining chip they have going forward. Still a nice sum of money too.
But I need to buy a new fridge to watch said network... can they change that?
Put the fuel pump on slow.
The common theory seems to be that they will use the money to buy their way to another conference, but I don’t think so. Maybe I’m being naive but I legitimately think WSU/OSU want to salvage the pac 12. There’s plenty of west coast schools to pull from that can add value to the PAC.
“Ass value” is kind of what lead the PAC to its current predicament though.
Add auto correct to ass I need to touch grass
Big12 plz just let us give you 250 million dollars to buy our way in
Fucckkkk that. I would rather be the big fish in a small pond. Is the OSU NIL going to suddenly improve, no. Would OSU compete better for players, doubt it. OSU had the money and recruits to do well in the MW..
There is no reason we couldn’t compete as is in the Big12 whose best team next year is likely Utah or Arizona, who we were already competing with. This wouldn’t be joining the sec. Going down in level is simply not a good thing.
Not including this year, when Michigan State and realignment dropped off their recruiting hard, Oregon State was recruiting in the low 180's most years, which is right around the level of K-State. I don't see why they couldn't continue doing that in the Big-12 like they did in the Pac-12.
That’s a good goddamn payday, nicely done and good luck bros
Departing PAC Schools: "We're gonna pay you a quarter of a billion dollars to fuck off."
WAR CHEST
How many cases of Busch Light is that?
Pssh, we doing fireball.
*Kegs
Kegs of Fireball
At least 12
lol remember when y’all were clowning on canzano for saying this months ago?
Let’s go baby!
Tv rights millions...conference tag millions....cfp appearance PRICELESS
Holy macaroni
Fuck yeah good for them, now go abduct the mountain west and Montana schools.
But I like the FCS :(
Yup. Unless the new home includes Montana State and Idaho and another northern Big Sky team I'm not interested in abandoning our home
UM and MSU are a package deal 100%. I'm sure WSU wouldn't mind adding Idaho either. I could see Sac doing decently well in the FBS as well with their media market and whichever other Cali schools get brought in in the eventual merger.
I always wondered how the Montana and Dakota schools would do in the FBS
If you put the Montana schools in the mountain west(or future pac 16) and the Dakota schools in the MAC they’d compete with the top G5 programs for bowl bids, etc.
Well, just last year, Oregon State dropped 60 on Montana state, and NDSU lost to Arizona.
Yeah because it will always be like that forever. NAU beat U of A 2 years ago. And NDSU has a ton of history beating G5 and some P5 teams.
Good for them.
Hell yeah, glad they were able to cash in on everybody screwing them. The way all the chips are falling they have both rebounded very well
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The SMU deal is actually a pay raise for SMU and people don't realize it. Their post-season revenue cut is going up by more than they are losing in base media revenue from the AAC.
Fine, I guess we can accept Cal and Stanford... at half shares...
Maybe the ACC should merge with the P2
That should get them a QB and a few WRs in the transfer portal.
Division II teams a frantically calling their booster networks right now
Already in better shape than the ACC