Well…… how they spend it is their problem. Yes, football funds our daughters bad mitten club. It’s not the lack of football generating more than it’s fair share.
Inside the Big 12's 'ironclad' grant of rights contract that helped keep the ACC together amid turbulence “The ACC has announced an amended revenue model that will reward high-achieving programs with additional monetary gains in an attempt to catch ballooning conference distributions in the Big Ten and SEC in coming years.” ACC amends revenue distribution model, incentivizing postseason success for money-making sports
And what has the Big 12's GOR done for them? They lost their 3 biggest revenue producer's to the SEC over the past decade or so and are relegated to being a fancy Conference USA type conference. IOW: not a power 5 conference any longer. I'm not sure its something that the ACC would want to emulate. The individual ACC schools undoing was giving a GOR for that long in an uncertain environment. How many times has or will the SEC or Big 10 renegotiate with their TV partners before the ACC deal even expires. This announcement by the ACC is akin to putting a bandaid on severed limb.
I do like the idea of not paying as much to teams who don’t even attempt to compete , never get on tv, yet have their hand out for equal compensation. It’s not a charity drive, somebody has to earn that money.
Football funding everything else is definitely a topic. I guess those profits you can pretend you don’t have.
If the revenues are used to cover operating expenses for the athletic dept (facilities upgrades, women’s soccer, etc) then those dollars are not “profits”. It’s the cost of doing business
If get it but I’m not building these showers and paying the plumber and calling my business a nonprofit.
Yeah I’ll be the first to say I don’t know the rules around “nonprofit” and “not for profit”. I’m not a finance guy — more at home talking about heat transfer
Sure, but here's the thing....nobody's holding a gun to our head to make us pay. Does the model suck: yes, and I do think it may have a tangential impact on the athletic department if donations go down so that the NIL payments can go up.
My point is that football is very profitable. The athletic dept spends it on all sports. That’s doesn’t change the fact that football is making a killing and how they choose to spend it to make their selves broke doesn’t change that.
I like it too but not at the expense of football. They can have the crumbs off the table or figure out how to fund themselves.
Appeasement only emboldens the recipient. Texas demanded & got concessions on the Longhorn Network, but left anyway.
Anyone else concerned about the nee SEC 10 year deal being worth far less than the Big 10 7 year deal? They will be renewing three years ahead of the SEC and also are raking in far more money per year during the next 7 years...
I'm sure the SEC will do some renegotiating but I think they will be behind the Big10+6 from now on, they are a coast to coast conference with 3 distinct networks covering the games, the SEC has (foolishly) gone all in with just 1.
The Big 12 is gonna be horrible after this season. It’s not much now. 2023 Big 12 Championship odds, picks: Texas may be favored but Kansas State, TCU bring more value