|
|
Post by beaverdude on Mar 25, 2024 13:36:45 GMT -8
Settled!The departing schools will have $5 million withheld during the 2024 fiscal year for a total of $50 million under the deal announced Monday. The departing schools also will each pay a $1.5 million "supplemental contribution" to the conference that will be used by the remaining schools to navigate an uncertain future. The departing members will not be entitled to any revenue generated after this year and will have no "vote, direction input or other power with the conference's use, allocation of expenditure of the supplemental contribution."
|
|
|
|
Post by Henry Skrimshander on Mar 25, 2024 16:34:26 GMT -8
So we and the Cougs get $65 million in parting gifts, plus all the NCAA men's basketball and other incidental income from July 1 forward. Nice nestegg.
Now get those football TV rights sold.
|
|
|
|
Post by p8nted on Mar 25, 2024 17:59:28 GMT -8
So we and the Cougs get $65 million in parting gifts, plus all the NCAA men's basketball and other incidental income from July 1 forward. Nice nestegg. Now get those football TV rights sold. 50 Million of that is tagged to resolve pending lawsuits and claims. correct? |
|
|
|
Post by rgeorge on Mar 25, 2024 18:49:11 GMT -8
So we and the Cougs get $65 million in parting gifts, plus all the NCAA men's basketball and other incidental income from July 1 forward. Nice nestegg. Now get those football TV rights sold. 50 Million of that is tagged to resolve pending lawsuits and claims. correct? Nope... that comes from a different pile and was settled 12 ways previously. All debts & liabilities are a 12 team issue and already accounted for. |
|
|
|
Post by grayman on Mar 25, 2024 19:09:28 GMT -8
As far as the extra basketball tournament money is concerned, does anyone remember exactly how that works with the 6 year cycle or whatever it is?
Is there actually a chance to get this year's tournament money anytime soon? Seems like getting the conference situation sorted out is much more important than waiting on that money but a lot of people made a big deal about the Pac-2 piling up the cash in the last week.
|
|
|
|
Post by p8nted on Mar 25, 2024 19:22:05 GMT -8
50 Million of that is tagged to resolve pending lawsuits and claims. correct? Nope... that comes from a different pile and was settled 12 ways previously. All debts & liabilities are a 12 team issue and already accounted for. I knew it was talked about. I think this just formalizes the deal and final number into a contract. Not sure the $50 mil is new money. The $15 million is new. |
|
|
|
Post by Werebeaver on Mar 25, 2024 19:25:43 GMT -8
Settled!The departing schools will have $5 million withheld during the 2024 fiscal year for a total of $50 million under the deal announced Monday. The departing schools also will each pay a $1.5 million "supplemental contribution" to the conference that will be used by the remaining schools to navigate an uncertain future. The departing members will not be entitled to any revenue generated after this year and will have no "vote, direction input or other power with the conference's use, allocation of expenditure of the supplemental contribution."  |
|
|
|
Post by atownbeaver on Mar 25, 2024 19:34:49 GMT -8
For OSU at least, it means we are relatively stable, financially, for next year and 2026. but we desperately need to beg, borrow or steal our way into the Big-12 or be positioning our selves for the ACC collapse to build into something.
|
|
|
|
Post by p8nted on Mar 25, 2024 20:56:36 GMT -8
For OSU at least, it means we are relatively stable, financially, for next year and 2026. but we desperately need to beg, borrow or steal our way into the Big-12 or be positioning our selves for the ACC collapse to build into something. agree. WSU on the other hand has a lot of debt and bond payments I see the ACC losing members 4 -7 but not a collapse |
|
|
|
Post by nuclearbeaver on Mar 26, 2024 5:57:24 GMT -8
For OSU at least, it means we are relatively stable, financially, for next year and 2026. but we desperately need to beg, borrow or steal our way into the Big-12 or be positioning our selves for the ACC collapse to build into something. agree. WSU on the other hand has a lot of debt and bond payments I see the ACC losing members 4 -7 but not a collapse In recent examples losing 4-7 of your most valuable universities causes a collapse. Backfilling Clemson, FSU, UNC, and Duke with loyal universities like Cal, Stanford and SMU won't keep them going as a power conference. |
|
|
|
Post by TheGlove on Mar 26, 2024 7:00:21 GMT -8
50 Million of that is tagged to resolve pending lawsuits and claims. correct? Nope... that comes from a different pile and was settled 12 ways previously. All debts & liabilities are a 12 team issue and already accounted for. Comcast/xfinity is/was one liability. What are the other potential liabilities? The House (ASU swimmer) lawsuit? What else is out there? |
|
|
|
Post by rgeorge on Mar 26, 2024 7:57:29 GMT -8
Nope... that comes from a different pile and was settled 12 ways previously. All debts & liabilities are a 12 team issue and already accounted for. Comcast/xfinity is/was one liability. What are the other potential liabilities? The House (ASU swimmer) lawsuit? What else is out there? I think there are/were some wrongful termination suits from the Comcast overpayment. But, all liabilities (current & future stemming from this fiscal year and prior) were supposedly covered in the first round of agreements?! |
|
|
|
Post by Henry Skrimshander on Mar 26, 2024 9:52:40 GMT -8
As far as the extra basketball tournament money is concerned, does anyone remember exactly how that works with the 6 year cycle or whatever it is? Is there actually a chance to get this year's tournament money anytime soon? Seems like getting the conference situation sorted out is much more important than waiting on that money but a lot of people made a big deal about the Pac-2 piling up the cash in the last week. The 2024 MBB units will be distributed in April, 2025, as planned by the NCAA. So the departing teams get nothing, as this does not fall under the "revenue expected to be delivered before 8/1/24" exception. If the Pac-12 continues to exist, we and WSU will continue to get the money. If for some reason it dissolves, the units revert to the teams that earned them, until the 6-year period has expired. So we would get four units ($1.2 M) through 2027 thanks to 2021. Unless we are absorbed into the Big 12 in some crazy realignment plan if (when?) the ACC dissolves, it makes far more fiscal sense to keep the Pac-12 brand. Any merger with the MWC would have to be a reverse merger, they dissolve and join us. Their units would revert to the individual schools, and the only team that would really prosper is SDSU, which has earned at least 8 units in the last two years. No one else in that league has earned more than 2 or 3. |
|
|
|
Post by p8nted on Mar 26, 2024 10:05:19 GMT -8
Nope... that comes from a different pile and was settled 12 ways previously. All debts & liabilities are a 12 team issue and already accounted for. Comcast/xfinity is/was one liability. What are the other potential liabilities? The House (ASU swimmer) lawsuit? What else is out there? I know there is a Rose Bowl lawsuit and some PAC TV employees lawsuits if I remember right |
|
|
|
Post by wilkyisdashiznit on Mar 26, 2024 12:07:00 GMT -8
As far as the extra basketball tournament money is concerned, does anyone remember exactly how that works with the 6 year cycle or whatever it is? Is there actually a chance to get this year's tournament money anytime soon? Seems like getting the conference situation sorted out is much more important than waiting on that money but a lot of people made a big deal about the Pac-2 piling up the cash in the last week. The 2024 MBB units will be distributed in April, 2025, as planned by the NCAA. So the departing teams get nothing, as this does not fall under the "revenue expected to be delivered before 8/1/24" exception. If the Pac-12 continues to exist, we and WSU will continue to get the money. If for some reason it dissolves, the units revert to the teams that earned them, until the 6-year period has expired. So we would get four units ($1.2 M) through 2027 thanks to 2021. Unless we are absorbed into the Big 12 in some crazy realignment plan if (when?) the ACC dissolves, it makes far more fiscal sense to keep the Pac-12 brand. Any merger with the MWC would have to be a reverse merger, they dissolve and join us. Their units would revert to the individual schools, and the only team that would really prosper is SDSU, which has earned at least 8 units in the last two years. No one else in that league has earned more than 2 or 3. Do you have a cite for the reversion to the teams? That $1.2 million is per year, right? I have current units as: 2019 = 7 units 2020 = 0 units 2021 = 19 units 2022 = 7 units 2023 = 7 units 2024 = 10-13 units (depending on how Arizona does) 2019-2024 = 50-53 units The Beavs' four units are slightly less than their 1/12 share of 50-53. I would think that it would be an even 12-way (or 11-way, if Colorado's affirmative written withdrawal from the Pac-12 stands up) split of the 50-53 units? But what do I know? |
|
