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Post by sparty on Aug 11, 2023 11:58:29 GMT -8
And what if the pac dissolves altogether because everyone has left the conference to the Big12. Big 10 or Mountain West before 8/1/24?
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Post by drunkandstoopidbeav on Aug 11, 2023 11:59:58 GMT -8
What if they spend like a whore before 8/1/24? Are you expecting the league to spend 5 years of future disbursement revenues this year? |
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Post by rgeorge on Aug 11, 2023 12:14:16 GMT -8
What if they spend like a whore before 8/1/24? Are you expecting the league to spend 5 years of future disbursement revenues this year? Yeah... tough to spend that much when it's not yet in your possession! |
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Post by Judge Smails on Aug 11, 2023 12:17:47 GMT -8
From what I understand, this year's conference members will be distributed money shares from the post seasons of 2023, 2022, 2021, 2020 and 2019 (I think it was a 5 year payout that has been talked about, maybe it was 4 and 2019 is already done with). Next year, if the Conference still exists, money from 2024, 2023, 2022, 2021 and 2020 (assuming it's a 5 year payout) will be distributed to the members who are still here... the guys who left get nada unless there's some kind of settlement. Right. So then what's your point? The teams that participate in the 23 season who don't leave prior to 8/1 will be paid their full revenue share, as stated in numerous articles including the one linked here earlier this morning. You guys got Canzono'd because he used the words "war-chest". This isn't some nestegg where the Pac-4 has to wait until they turn 21 to cash it all in. These are the funds available to pay the conference's debts, which include, again, full revenue shares to all 12 members of the conference for the 23 season. If it's not "work for pay" as you suggest, then how were the 12 teams paid out 30 million each at the end of the 22 year, leaving the conference with that 43 million number? The media contracts are *over* 7/1/24, there is no more money coming in. You are still missing the point. The leftover money is not "media contract" money. There is residual money from postseason appearances etc. that will continue to come for the years after the media contract is up and the 8 schools leave. That is the money being discussed here. It has nothing to do with the "media contract". So, yes, there is still money coming in after July of 2024. The $400 million figure is residual funds paid out over a 5 year period. |
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Post by ee1990 on Aug 11, 2023 14:31:24 GMT -8
Right. So then what's your point? The teams that participate in the 23 season who don't leave prior to 8/1 will be paid their full revenue share, as stated in numerous articles including the one linked here earlier this morning. You guys got Canzono'd because he used the words "war-chest". This isn't some nestegg where the Pac-4 has to wait until they turn 21 to cash it all in. These are the funds available to pay the conference's debts, which include, again, full revenue shares to all 12 members of the conference for the 23 season. If it's not "work for pay" as you suggest, then how were the 12 teams paid out 30 million each at the end of the 22 year, leaving the conference with that 43 million number? The media contracts are *over* 7/1/24, there is no more money coming in. You are still missing the point. The leftover money is not "media contract" money. There is residual money from postseason appearances etc. that will continue to come for the years after the media contract is up and the 8 schools leave. That is the money being discussed here. It has nothing to do with the "media contract". So, yes, there is still money coming in after July of 2024. The $400 million figure is residual funds paid out over a 5 year period. If that were the case then why does the Wilner article say that the regular revenue share will be paid out from that amount? Every single indicator we have so far contradicts what you are saying. Why would the Comcast debt come out of that value and be "off the books" June 30th 2024 if that value were based on "residuals". That makes zero_sense. The answer is because this figure we're throwing around is *not* residuals due existing members in the future, it is the amount the conference has to service its debts, including loans and payouts to conference members, of which there will be 12. What we know is that the programs were each paid $30,000,000 and that the conference was left with $40,000,000. That aligns with Canzano's $420,000,000 figure pretty nicely. The article even states that the revenue shares will come out of that number, but I don't get it? We're now conflating residuals with Canzano's "war chest" which is simply the bucket the conference has to pay their debts. Nobody has put a value on the residuals until we started making things up in this thread. |
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beaver94
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Post by beaver94 on Aug 11, 2023 14:49:55 GMT -8
You are still missing the point. The leftover money is not "media contract" money. There is residual money from postseason appearances etc. that will continue to come for the years after the media contract is up and the 8 schools leave. That is the money being discussed here. It has nothing to do with the "media contract". So, yes, there is still money coming in after July of 2024. The $400 million figure is residual funds paid out over a 5 year period. If that were the case then why does the Wilner article say that the regular revenue share will be paid out from that amount? Every single indicator we have so far contradicts what you are saying. Why would the Comcast debt come out of that value and be "off the books" June 30th 2024 if that value were based on "residuals". That makes zero_sense. The answer is because this figure we're throwing around is *not* residuals due existing members in the future, it is the amount the conference has to service its debts, including loans and payouts to conference members, of which there will be 12. What we know is that the programs were each paid $30,000,000 and that the conference was left with $40,000,000. That aligns with Canzano's $420,000,000 figure pretty nicely. The article even states that the revenue shares will come out of that number, but I don't get it? We're now conflating residuals with Canzano's "war chest" which is simply the bucket the conference has to pay their debts. Nobody has put a value on the residuals until we started making things up in this thread. From the little I understand about the payouts from the $420,000,000 is that nobody knows exactly how much it will be or how it will be paid out. Wilner does talk about it though I’m pretty sure. This is copied from his article. “Once all the revenue streams are considered, including future postseason payouts and the forfeited NCAA Tournament cash, the “Pac-4″ could receive $20 million annually, on average, over the six-year contract term.”This is not part of any media contracts. |
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Post by ee1990 on Aug 11, 2023 15:05:42 GMT -8
If that were the case then why does the Wilner article say that the regular revenue share will be paid out from that amount? Every single indicator we have so far contradicts what you are saying. Why would the Comcast debt come out of that value and be "off the books" June 30th 2024 if that value were based on "residuals". That makes zero_sense. The answer is because this figure we're throwing around is *not* residuals due existing members in the future, it is the amount the conference has to service its debts, including loans and payouts to conference members, of which there will be 12. What we know is that the programs were each paid $30,000,000 and that the conference was left with $40,000,000. That aligns with Canzano's $420,000,000 figure pretty nicely. The article even states that the revenue shares will come out of that number, but I don't get it? We're now conflating residuals with Canzano's "war chest" which is simply the bucket the conference has to pay their debts. Nobody has put a value on the residuals until we started making things up in this thread. From the little I understand about the payouts from the $420,000,000 is that nobody knows exactly how much it will be or how it will be paid out. Wilner does talk about it though I’m pretty sure. This is copied from his article. “Once all the revenue streams are considered, including future postseason payouts and the forfeited NCAA Tournament cash, the “Pac-4″ could receive $20 million annually, on average, over the six-year contract term.”This is not part of any media contracts. We're talking about a completely different article then. www.seattletimes.com/sports/wsu-cougars/mailbag-cash-available-for-pac-4-options-for-wsu-and-osu-and-more/ is clearly talking about a $400,000,000 used to pay the media shares. Like I said, tons of conflation going on right now. |
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beaver94
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Post by beaver94 on Aug 11, 2023 15:08:43 GMT -8
From the little I understand about the payouts from the $420,000,000 is that nobody knows exactly how much it will be or how it will be paid out. Wilner does talk about it though I’m pretty sure. This is copied from his article. “Once all the revenue streams are considered, including future postseason payouts and the forfeited NCAA Tournament cash, the “Pac-4″ could receive $20 million annually, on average, over the six-year contract term.”This is not part of any media contracts. We're talking about a completely different article then. www.seattletimes.com/sports/wsu-cougars/mailbag-cash-available-for-pac-4-options-for-wsu-and-osu-and-more/ is clearly talking about a $400,000,000 used to pay the media shares. Like I said, tons of conflation going on right now. Definitely agree that there seems to be a lot of conflation and probably even guessing going on. |
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Post by drunkandstoopidbeav on Aug 11, 2023 16:38:09 GMT -8
From the little I understand about the payouts from the $420,000,000 is that nobody knows exactly how much it will be or how it will be paid out. Wilner does talk about it though I’m pretty sure. This is copied from his article. “Once all the revenue streams are considered, including future postseason payouts and the forfeited NCAA Tournament cash, the “Pac-4″ could receive $20 million annually, on average, over the six-year contract term.”This is not part of any media contracts. We're talking about a completely different article then. www.seattletimes.com/sports/wsu-cougars/mailbag-cash-available-for-pac-4-options-for-wsu-and-osu-and-more/ is clearly talking about a $400,000,000 used to pay the media shares. Like I said, tons of conflation going on right now. Wilner said there won't be 400 million to divide "next summer". I'd agree. IF the Pac 12 still exists after that, it continues to draw residuals from the 5 preceeding years. There are going to be 5 years worth of residuals coming in generated from the last 5 years of the league's existence, that amount from the current Pac 12 shrinking each year as the years pass. After 5 years pass there would be no more residuals based on what happened before the teams left. That total amount has been estimated to be around 400 million over 5 years. The mail question was, can OSU and WSU split the 400 million next year if everybody else leaves. NOPE, they cannot because it essentially does not yet exist. If the conference continues to exist it will still be receiving shrinking residuals from current obligations, and probably building more future residuals if the teams have success, so over time OSU and WSU will actually get that money, but not up front. If the league dissolves, who knows how it will be handled. I'm pretty sure Wilner was dealing with "next summer" under the assumption the Pac 12 is dead. If it is dead next August, there may very well be a maximum of 43 million in assets, likely less because of liabilities, to figure out what to do with |
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Post by 93beav on Aug 11, 2023 17:14:37 GMT -8
If only there were lawyers paid high amounts of money we could turn to in order to settle this!
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Post by sparty on Aug 11, 2023 18:49:36 GMT -8
Definitely agree that there seems to be a lot of conflation and probably even guessing going on. Yup, Through this whole conference breakup it is hard to tell what is true and what is not. When sports writers that I have read and radio show hosts start gleaming info from social media then I am skeptical. Same goes for there sources. Heck a stopped clock is right twice a day too.
In the media now days it is more important to be there first than to be accurate or even check sources. Then it is also based on how to get the most clicks on a story. Canzano is a master of saying one thing one day and if it does not get the clicks he desires he then reverse his viewpoint another day and wham, the clicks increase. I get it he is into making money but his radio show is stale after listening to it for days in a row and switching viewpoints. He likes to poke the bear too if it means more clicks.
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Post by Henry Skrimshander on Aug 11, 2023 19:04:42 GMT -8
The residuals will shrink, unless we have another monster NCAA tournament. The best thing to hope for this basketball season is for Arizona, UCLA, USC, us, etc., to duplicate 2021's 19-unit performance that generated more than $6 million in annual payments.
This year's (2023-24) units we be paid through 2029. We want as many as possible.
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Post by drunkandstoopidbeav on Aug 11, 2023 20:43:22 GMT -8
We need a monster year from both football and basketball.
I'm assuming OSU three-peating as NCAA Football Champs the next 3 years could help the conference.
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Post by Henry Skrimshander on Aug 12, 2023 10:24:29 GMT -8
We need a monster year from both football and basketball.
I'm assuming OSU three-peating as NCAA Football Champs the next 3 years could help the conference. Which would leave most rational people thinking, "WTF are they doing by breaking up?" |
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Post by flyfishinbeav on Aug 12, 2023 17:18:32 GMT -8
We need a monster year from both football and basketball. I'm assuming OSU three-peating as NCAA Football Champs the next 3 years could help the conference. Basketball? That would be awesome......I honestly haven't paid much attention to our men's program over the last several years other than the tourney run......is there even a chance they have a monster year? |
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