AP: FB schools to get $100M

[Toga]

If true, you are going to have several very weathy schools who still won't be able to date the pretty girls.

http://sports.yahoo.com/news/ap-source-big-east-football-164841850--ncaaf.html

 

[javadoc]

If true, you are going to have several very weathy schools who still won't be able to date the pretty girls.

http://sports.yahoo.com/news/ap-source-big-east-football-164841850--ncaaf.html

I wouldn't say very wealthy, just a nice bonus. The article said that the "old" BE members like UConn will get most of the ~$100MM - how many schools are actually splitting that pie? Each could probably build a new IPF with the windfall, but they didn't suddenly become nouveau riche. They hit the big payout on a scratcher, and after one scotch bender they'll be back on box wine.

 

[longtimefan]

If true, you are going to have several very weathy schools who still won't be able to date the pretty girls.

http://sports.yahoo.com/news/ap-source-big-east-football-164841850--ncaaf.html

The relevant portion:

"The football schools will receive approximately $100 million under the agreement, most of which will go to holdover members Connecticut, South Florida and Cincinnati.
"The basketball schools will receive $10 million, the Big East name and the right to play their conference tournament at Madison Square Garden."

My first question is: How long does the BE-MSG contract go? Could MSG have the right to re-open that contract at some point due to the major change in membership--the loss of LVille, RU, ND in addition to UConn (and maybe SU and Pitt also, if those 2 had not yet announced their intentions to leave at the time the current contract was agreed to).

 

[TexanMark]

http://ajerseyguy.com/?p=5471

MSG answer: Yes, MSG will reopen the contract. I think the C7 will get it...but the ACC might come in a few years down the road...maybe do it in MSG 33% of the time...I hope really 50% but the NC/SC/FL schools might balk.

 

[SU2NASA]

The relevant portion:

"The football schools will receive approximately $100 million under the agreement, and the right to play their conference tournament on the Island of Misfit Toys

Fixed.

 

[texascpa]

Let's assume the 4 holdovers get $22-23M each. That's less than what SU will make in 2 years in the ACC. That $23M won't last long, then it's $2M per year annually.

 

[orangenirvana]

Don't the departing football schools deserve a share?

 

[longtimefan]

Let's assume the 4 holdovers get $22-23M each. That's less than what SU will make in 2 years in the ACC. That $23M won't last long, then it's $2M per year annually.

I think the holdovers will get that money spread out over the next 5 years or so, because a significant portion of it will be NCAA tournament units, which are paid out each year based upon numbers earned over the previous 6 tournaments.

Still scorches me that we will have to leave our tournament earnings behind, but that's part of the cost of relevance.

 

[Moontan]

Don't the departing football schools deserve a share?

Where do you think the money's coming from?

 

[nzm136]

If true, you are going to have several very weathy schools who still won't be able to date the pretty girls.

http://sports.yahoo.com/news/ap-source-big-east-football-164841850--ncaaf.html

We will make more than them in two years, and that's including BIG EAST payouts. BY year 3 we've ever paid back the exit fee. By year 4, we've passed them, paid the exit fee, made money, and got a free indoor practice facility. I'm not too worried about a one time payment of $30 million.

 

[longtimefan]

We will make more than them in two years, and that's including BIG EAST payouts. BY year 3 we've ever paid back the exit fee. By year 4, we've passed them, paid the exit fee, made money, and got a free indoor practice facility. I'm not too worried about a one time payment of $30 million.

And that $30M will hardly be all out of the SU pocket. Rough math--$7.5M plus $250K times 12 units (not including this year's).
So, maybe $11M forfeited.

 

[nzm136]

And that $30M will hardly be all out of the SU pocket. Rough math--$7.5M plus $250K times 12 units (not including this year's).
So, maybe $11M forfeited.

No, I didn't mean a one-time payment from SU to UCONN for $30 million, I meant a one-time payment from anyoen to a rival. I figure UCONN will get a gain of $30 million, we will have a loss of $11 million (plus this year), and they will make $2 million/yr in TV money, but we will make $17-19 million in TV money on average over the course of the next TV contract (right now its 17, but i think the renegotiatiosn will be 19-20). In 2 years, we will have made 34 million, and they will have made 34 million (plus we will have higher bowl/NCAA tourney/conference tourney payouts). By year 3, we will have covered the $11 million plus tourney credits and the tiem value of money and then some. Then the 17 million from year 4 will cover the IPF. Add in differences in conference post season payouts and we cover the 4 million BE TV payout for those two years. That $30 million seems like a lot, but if they stay in the yet to be named conference for 3 more years, then they still come out behind.

 

[TheCusian]

ACC doesn't need MSG. Brooklyn works - if they wanted NY.

If you take us away - I'd still be more excited to see that conf tourney than the C7/nBE.