BFD on the Fox deal not materializing. ESPN instead farms it out to TNT but will use their own broadcasters and production assets. The bigger issue is that ESPN was the sole bidder for arguably the 2nd most valuable (and watched) sports property in the US and, as a result, got a heavily discounted deal. Then on top of that, the ESPN/Fox puppets, Sankey and Pettiti, bully their way to absurd unequal revenue sharing of a needlessly depressed CFP revenue pool with guaranteed multiple auto berths for the B10 and SEC.
Big 12 Considering $1B in Private Equity
- Thread starter AgronAlum
- Start date
If you thought having UT in the conference was bad, try a PE partner. No thanks.
No need to try to keep up with the B1G and SEC. That isn't a game we can compete in.
No need to try to keep up with the B1G and SEC. That isn't a game we can compete in.
Man you’re behind, the guaranteed auto births never was accepted. Keep stocking up on the tin foil though, ESPN is gonna be knocking on your door to take you away anytime now
I think he was mentioning the payout structure not autobids. Which is heavily weighted.
I mean he said “needlessly depressed CFP revenue pool with guaranteed multiple auto berths for the B10 and SEC.”
That’s what I was responding too. It’s ok he’s been on a big espn conspiracy theory kick for awhile.
But part of it also depends on what pro teams are nearby. Alabama and Auburn are "rural" schools that basically function as NFL teams because there is not an NFL team close by. And Northwestern, Illinois, Rutgers, Vandy, etc. are all located in or relatively close to major cities and don't have a lot of casual followers.
Also, I think taking the money would only keep the big 12 schools "ahead" of the big 10 schools for about two years.
This probably isn’t being considered specifically to keep pace with B1G/SEC. Partially so, as cash is needed to pay players and attract the talent. More so, be as strong as possible in the short term to try and kill off the ACC when the chance comes. Might not be the best long term decision in a vacuum, but it is if it means you survive.
Not sure I’m completely following. The overwhelmingly vast majority of college athletes do not play professional sports…
Give it time. If Campbell leaves one day Im done. Maybe before. Why would i want to support a semi pro team? I came aboard for ISU, not great football.
As I mentioned earlier, PE is great for companies that are in high growth mode and use the cash to scale faster. That in no way is what the Big 12 is doing. They would pocket the money solely to get on an equal playing field with their competitors.
PE will get their returns through 1) taking 20% of the Big 12’s annual revenue or 2) will sell off their 20% stake in 5-10 years to someone else. The first cannot happen since it would be pointless for schools to give up 20% of their revenue since the goal is to catch up to their competitors, not fall further behind. Which means PE will get their money when they flip their stake to someone else. Who will then want their return from the purchase. So you are in bed with PE money forever. All for a short term cash infusion of $62 mil per school? Seems very short sighted.
Lucky for us, none of the fans input matters. I guess if you’re going to draw a line in the sand you might as well tap out now. ***** gonna happen and crying about it on the internet is just wasted bandwidth.
Yes. We agree then. Although I’m not as down on it as you are, I’m very leery of it.
My point was moreso towards those who view all PE deals as the devil. Someone mentioned wanting examples of successful PE ventures. Uh take your pick from the Forbes 500: Facebook, Amazon, Google, etc.
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Taking PE money is no more or less crazy than, charging the university for the advertising the AD provides. We left amateur and student athlete behind years ago, stop clutching pearls and start looking for value. This is business now no longer amateur athletics.
Sure they are but not the high major football and basketball players. The other sports there is little to no money at the next level. ISU has how many NBA, overseas, NFL and other league athletes? Don’t tell me they came to ISU for an education? That is a secondary reason, they came for the pathway to the next level. That is value.
In professional soccer a players contract can be bought and sold. When a club sells a player not only does that club receive payment for the player they also pay the players past clubs for the contribution to their training. This is why soccer training in Europe is cheap for families unlike the US.
If ADs will be signing players to “NIL” contracts that last for any length, how long do you think it will take for a player contract be sold to a professional team? Haliburton is a perfect example, not a high rated recruit, expected to be at ISU for 4 years maybe 5. Dude turns into a lottery pick by the end of year two. If the contracts Brent talks about comes to fruition, why wouldn’t there be a buyout or a market for it. Otherwise you are limiting the players ability to earn. And we have seen what the courts think of that. Basically no different than coaches contracts. There is a buyout to protect the ADs investment.
Additionally, think about the time and energy that college football expends, just for the NFL to find there 1% of players that make it. The NFL gets all the benefit of that effort, the NBA is similar but less reliant on colleges to find and develop talent. The NFL whole model relies on Colleges curning out talent each year.
They're going all in on themselves. It's crazy and I like it. Just gotta make sure that the teams bring it. I was listening to Josh Pate today live. Talking about SEC teams possibly not wanting to play in the SEC Championship Game to avoid having to play the first round right after playing in the Conference CG. I want the Big 12 champ to beat the breaks off an SEC team like Kentucky or Mississippi in that second round game so bad. If the Big 12 can put teams in that that win, this thing will get interesting.
Because that’s not even close to how American sports work since we have a draft in the major sports. College sports and schools also benefit greatly from the athletes time there so it’s by no means this one way transaction you think it is.
Not if u are highly leveraged and can't have a positive cash flow after P&I with $20-$30 million reduction in revenue. Nobody is talking about the outstanding bond debt of athletic departments across the country. Many were cash flow breakeven after P&I payments before having to pay for athletes.
It's not whether you think it's a good or bad idea; it's a form of survival.
People discussing philosophical arguments against PE. That's fine, but what's your solution to find cash then? You can't be against it and then say don't do anything. If u are against PE, or some form thereof, are u prepared to double your ticket prices or NCC contributions? Stop the philosophical comments and deal with reality.
