Clay Travis is back on the case. He was pretty dead on about conference realignment last go around.
How Crushing Would a Florida State -- Miami Departure Be to the ACC? : Outkick The Coverage
The more I think about this, the more I think that this might actually happen. The more I also realize that Barron's memo was reactionary and not very well researched. If the difference is only $2.9 million per team per year as stated in Barron's memo, then there is no way that FSU, Clemson or others join the Big 12. But, I think that rational thought shows that the spread will be much higher.
The only thing certain for now is the ACC deal, which pays $17.1 million annually for Tier 1-3 and the conference championships (which is also locked in longer than any other conference) and the $20 million ACC buy out number, and the Big 12 Tier 2 at $90 million per year.
Here is what is in flux and makes the Big 12 very attractive to FSU, Clemson, Virginia Tech and others in the ACC/Big East:
The Big 12 is rumored to have negotiated a deal that pays $20 million per team for Tier 1 and 2 (with $90 million locked in on Tier 2, that would be $110 million per year on Tier 1), but the deal is not finzalized yet. For the Fox Tier 2 deal inked by the Big 12, the initial announcement had the deal at only $60 million per year, a number announced by numerous outlets including the Sports Business Journal. However, when the deal was finalized a few months later it was for $90 million per year. The same possiblity exists for the Big 12's Tier 1 deal, which could be $1-2 million more per team per year at the end of the day. Plus, the Big 12 Tier 1 deal that was floated and the Tier 2 deal already signed both run 3 years shorter than the ACC deal. Since all these deals are backloaded (the ACC won't make $17 million per year per team until 2021 according to Wetzel), it is likely that the $20 million per team number could be greatly increased if the Big 12 is simply willing to extend those deals out as long as the ACC deal. If Wetzel is correct and you look at the numbers side by side on a year by year basis, I would put a major wager down that the gap will wind up much larger than $2.9 million annually per team. That does not even consider any possible "look-in" simply as a result of adding FSU, Clemson or others that would likely also increase the per team payout somewhat.
If FSU and at least one other came on board, the Big 12 would have a conference championship game to sell. That is likely at least $2-3 million more per team in TV rights money alone. The Big 12 traditionally sold its tickets to the Championship game much better than the ACC does, which would create more cash for its members.
If FSU and lets say Clemson came on board, you don't think that Fox would be willing to shell out some additional cash for the Tier 2 rights to Seminole and Tiger games that they have zero rights to show currently to make the deal happen? Conservatively, I think their addition would be worth at least $1-2 million per team from Fox on Tier 2.
Conservatively, FSU would make around $5-7 million per year on their Tier 3 rights (in line with OU). Clemson and other potential ACC teams would not likely make that much, but Tier 3 is probably still a $2-3 million asset for the candidates we'd be interested in.
We don't have a finazlied picture of the 4 team playoff payout and qualification structure. However, almost no matter which direction it goes, the Big 12 is likely to be a proportional winner and the ACC a proportional loser compared to the current BCS system. The Big 12 would have placed the second most teams in the 4 team playoff (only slightly behind the SEC) while the ACC would have placed the least teams of any BCS conference over the past 10 years under most models.
The travel is going to increase for FSU simply by staying in the ACC with the additions of Syracuse and Pitt. On the other hand, the change to the Big 12, especially with 1-3 Eastern partners would not be as significant as Barron indicated (or maybe already has retracted). FSU is not as far from the Texas state line as many in the media seem to think, and BC is farther away than any team in the Big 12.
I would imagine that if FSU is willing to jump, the Big 12 is likely to cover most or all of the $20 million ACC buy out in grants and/or loans.
At the end of the day, FSU could be looking at a $10-15 million per year decision (depending upon the playoff) over the next 13 years. That is $130-195 million dollars. Can FSU really afford to throw that kind of cash out the window when they are running at a deficit currently and UF, Georgia, Auburn, South Carolina and Alabama are going to be swimming in money when the new SEC deal and SEC network are announced? Can every Big 12 school (Texas included), really afford not to solidify themselves as a top 4 conference and throw away $3-6 million in conference revenue per year per team that adding FSU and one other ACC school would likely bring in for them?