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Post by grayman on Mar 28, 2024 20:24:19 GMT -8
From a Sportico article on the $65 million payout:
"The settlement also contemplates distribution of conference assets in the event the conference ceases to exist. The agreement indicates that if the conference shuts down before the end of fiscal year 2026, any remaining assets are shared pro rata by the departing and remaining schools. However, if the dissolution occurs after the last day of fiscal year 2026, the departing schools are not entitled to any distribution."
Probably not a huge surprise, but it looks like the Pac-2 is going to be locked in for two years unless a really sweet deal appears.
The timing might all work out pretty well anyway as far as stuff going on with the ACC.
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Post by orangeattack on Mar 29, 2024 8:11:05 GMT -8
 The Mountain West Conference watching the ACC starting to come apart |
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Post by Henry Skrimshander on Mar 29, 2024 8:44:06 GMT -8
It says "shuts down." Adding teams and keeping the conference name is not shutting down.
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Post by orangeattack on Mar 29, 2024 10:12:06 GMT -8
It says "shuts down." Adding teams and keeping the conference name is not shutting down. I think that what he was trying to get at is that it seems much less likely that OSU/WSU would be willing to consider joining another conference before that term is up. Not groundbreaking news I'll grant you that but still interesting in my opinion and worth mentioning. |
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Post by Henry Skrimshander on Mar 29, 2024 11:47:39 GMT -8
It says "shuts down." Adding teams and keeping the conference name is not shutting down. I think that what he was trying to get at is that it seems much less likely that OSU/WSU would be willing to consider joining another conference before that term is up. Not groundbreaking news I'll grant you that but still interesting in my opinion and worth mentioning. If the ACC breaks up and somehow we wrangle a fully-vested ($31m per year TV package/$12 million CFP payment) spot in whatever new conference(s) the ACC/Big 12 put together, it will be more than worth it to put the Pac-12 brand to bed once and for all. I don't think that's going to happen. But we will see. |
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Post by rgeorge on Mar 29, 2024 12:47:08 GMT -8
I think that what he was trying to get at is that it seems much less likely that OSU/WSU would be willing to consider joining another conference before that term is up. Not groundbreaking news I'll grant you that but still interesting in my opinion and worth mentioning. If the ACC breaks up and somehow we wrangle a fully-vested ($31m per year TV package/$12 million CFP payment) spot in whatever new conference(s) the ACC/Big 12 put together, it will be more than worth it to put the Pac-12 brand to bed once and for all. I don't think that's going to happen. But we will see. If the ACC breaks up there is no TV package... it's gone. And any new one isn't going to match without elite teams. The CFP is also similar. No ACC they can readjust to one less conference or greatly reduce any "new" formed Power conference. In any case both numbers will be nothing close to the current #s as there will be no marquee teams. To keep control of millions without a 12-way split the Pac2 needs to exist formally until z July 1,2026. Any new deal can activate after that and WSU and OSU keep those $ along with any new deal. But, my guess there aren't any more big money deals coming so every $ will count. |
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Post by Henry Skrimshander on Mar 29, 2024 13:52:33 GMT -8
If the ACC breaks up and somehow we wrangle a fully-vested ($31m per year TV package/$12 million CFP payment) spot in whatever new conference(s) the ACC/Big 12 put together, it will be more than worth it to put the Pac-12 brand to bed once and for all. I don't think that's going to happen. But we will see. If the ACC breaks up there is no TV package... it's gone. And any new one isn't going to match without elite teams. The CFP is also similar. No ACC they can readjust to one less conference or greatly reduce any "new" formed Power conference. In any case both numbers will be nothing close to the current #s as there will be no marquee teams. To keep control of millions without a 12-way split the Pac2 needs to exist formally until z July 1,2026. Any new deal can activate after that and WSU and OSU keep those $ along with any new deal. But, my guess there aren't any more big money deals coming so every $ will count. If the ACC does that smart thing and still stays together after FSU and Clemson leave, maybe add Tulane, it will remain a P5 conference. And isn't their TV contract ironclad until 2035 or something? What will be interesting is, what will Notre Dame do if the ACC breaks up? No one is going to take their Olympic sports without football, like the ACC stupidly did. |
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Post by wilkyisdashiznit on Mar 29, 2024 14:34:06 GMT -8
If the ACC breaks up there is no TV package... it's gone. And any new one isn't going to match without elite teams. The CFP is also similar. No ACC they can readjust to one less conference or greatly reduce any "new" formed Power conference. In any case both numbers will be nothing close to the current #s as there will be no marquee teams. To keep control of millions without a 12-way split the Pac2 needs to exist formally until z July 1,2026. Any new deal can activate after that and WSU and OSU keep those $ along with any new deal. But, my guess there aren't any more big money deals coming so every $ will count. If the ACC does that smart thing and still stays together after FSU and Clemson leave, maybe add Tulane, it will remain a P5 conference. And isn't their TV contract ironclad until 2035 or something? What will be interesting is, what will Notre Dame do if the ACC breaks up? No one is going to take their Olympic sports without football, like the ACC stupidly did. The Grant of Rights ends in 2036. I will say that the state schools stand a much better chance of getting out of the ACC than private schools, because of the 11th Amendment. Notre Dame and the other private schools may be stuck. |
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Post by wilkyisdashiznit on Mar 29, 2024 14:37:30 GMT -8
If the ACC breaks up and somehow we wrangle a fully-vested ($31m per year TV package/$12 million CFP payment) spot in whatever new conference(s) the ACC/Big 12 put together, it will be more than worth it to put the Pac-12 brand to bed once and for all. I don't think that's going to happen. But we will see. If the ACC breaks up there is no TV package... it's gone. And any new one isn't going to match without elite teams. The CFP is also similar. No ACC they can readjust to one less conference or greatly reduce any "new" formed Power conference. In any case both numbers will be nothing close to the current #s as there will be no marquee teams. To keep control of millions without a 12-way split the Pac2 needs to exist formally until z July 1,2026. Any new deal can activate after that and WSU and OSU keep those $ along with any new deal. But, my guess there aren't any more big money deals coming so every $ will count. Why would the TV package end, if the ACC breaks up? The CFP cannot contract, because they do not have the votes. They need a fourth conference. That may not be ACC. But they need a fourth "Power" conference to get the votes to ram everything through like they want, i.e. the Power Three would be on extremely shaky ground trying to move forward with just Three. |
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Post by wilkyisdashiznit on Mar 29, 2024 14:38:27 GMT -8
I think that what he was trying to get at is that it seems much less likely that OSU/WSU would be willing to consider joining another conference before that term is up. Not groundbreaking news I'll grant you that but still interesting in my opinion and worth mentioning. If the ACC breaks up and somehow we wrangle a fully-vested ($31m per year TV package/$12 million CFP payment) spot in whatever new conference(s) the ACC/Big 12 put together, it will be more than worth it to put the Pac-12 brand to bed once and for all. I don't think that's going to happen. But we will see. I will say that Oregon State and Wazzu own the Pac-12. The Pac-12 can conceivably merge with an ACC or Big-12 to form a new conference and conceivably keep the money. |
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Post by atownbeaver on Mar 29, 2024 14:42:14 GMT -8
From a Sportico article on the $65 million payout: "The settlement also contemplates distribution of conference assets in the event the conference ceases to exist. The agreement indicates that if the conference shuts down before the end of fiscal year 2026, any remaining assets are shared pro rata by the departing and remaining schools. However, if the dissolution occurs after the last day of fiscal year 2026, the departing schools are not entitled to any distribution." Probably not a huge surprise, but it looks like the Pac-2 is going to be locked in for two years unless a really sweet deal appears. The timing might all work out pretty well anyway as far as stuff going on with the ACC. key words are "any remaining assets" and "pro rata" If we dissolve the conference prior to end of fiscal 2026, we must distribute what is left among the the old pac-12 (including ourselves in that share). It basically becomes an ever shrinking buyout. We are not obligated set shares or fees or retroactive payments. What is left when we leave is what must be divvied up. |
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Post by atownbeaver on Mar 29, 2024 14:43:05 GMT -8
If the ACC breaks up and somehow we wrangle a fully-vested ($31m per year TV package/$12 million CFP payment) spot in whatever new conference(s) the ACC/Big 12 put together, it will be more than worth it to put the Pac-12 brand to bed once and for all. I don't think that's going to happen. But we will see. I will say that Oregon State and Wazzu own the Pac-12. The Pac-12 can conceivably merge with an ACC or Big-12 to form a new conference and conceivably keep the money. I think it would be litigated for sure, but I think you are right. Unless the ACC group blanketly says "yeah we are joining the Pac-12" |
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Post by grayman on Mar 29, 2024 15:18:26 GMT -8
If the ACC breaks up there is no TV package... it's gone. And any new one isn't going to match without elite teams. The CFP is also similar. No ACC they can readjust to one less conference or greatly reduce any "new" formed Power conference. In any case both numbers will be nothing close to the current #s as there will be no marquee teams. To keep control of millions without a 12-way split the Pac2 needs to exist formally until z July 1,2026. Any new deal can activate after that and WSU and OSU keep those $ along with any new deal. But, my guess there aren't any more big money deals coming so every $ will count. Why would the TV package end, if the ACC breaks up? The CFP cannot contract, because they do not have the votes. They need a fourth conference. That may not be ACC. But they need a fourth "Power" conference to get the votes to ram everything through like they want, i.e. the Power Three would be on extremely shaky ground trying to move forward with just Three. The current one with the ACC would at least change, which would happen for sure once FSU and Clemson left. I think the ACC will not implode completely and will look to backfill with schools. To me, OSU and WSU make sense because they will still be "power" teams, albeit ones in a sort of limbo, and the ACC already has a West Coast presence in Calford and it would benefit those schools to have two more out here. As I've said before, I think this could wind up being a West Coast division or pod with the addition of maybe a couple MWC schools and the inclusion of SMU. It would definitely be a cut above all G5 conferences, though it would likely be the No. 4 behind the Big 12. |
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Post by grayman on Mar 29, 2024 15:33:40 GMT -8
What if the ACC goes down to say, 6 to 8 schools on the East Coast?
I wonder if the leftovers at that point might be willing to go ahead and let a West Coast group of OSU, WSU, Calford and SMU form (and probably a couple others) and then agree to play under the Pac-12 banner?
Would the ACC's implosion be enough to make that happen?
My thinking all along is this would be either a join the ACC situation or a sort of merger (the PACC)...but maybe?
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Post by rgeorge on Mar 29, 2024 15:39:17 GMT -8
If the ACC breaks up there is no TV package... it's gone. And any new one isn't going to match without elite teams. The CFP is also similar. No ACC they can readjust to one less conference or greatly reduce any "new" formed Power conference. In any case both numbers will be nothing close to the current #s as there will be no marquee teams. To keep control of millions without a 12-way split the Pac2 needs to exist formally until z July 1,2026. Any new deal can activate after that and WSU and OSU keep those $ along with any new deal. But, my guess there aren't any more big money deals coming so every $ will count. If the ACC does that smart thing and still stays together after FSU and Clemson leave, maybe add Tulane, it will remain a P5 conference. And isn't their TV contract ironclad until 2035 or something? What will be interesting is, what will Notre Dame do if the ACC breaks up? No one is going to take their Olympic sports without football, like the ACC stupidly did. 2036 I think? But, there is a negotiation clause in there sometime. One of the issues Clemson and FSU are using to get out. Don't really pay attention to the intricacies as I don't care about the ACC and hope this schools/ travel are never an option. |
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