A new and better FBS thread

[BigHorns]

With the 2 Montana schools and NDSU/SDSU any combination of existing AAC/MW/Pac2 teams is a solid conference

NDSUStudent has it right. If there is an opportunity it will come as backfill for MWC after PAC takes who they want.

PAC actually has the money to do this. The PAC assets are nontrivial, and PAC-2 are only allowed to use them to rebuild.

[taper]

NDSUStudent has it right. If there is an opportunity it will come as backfill for MWC after PAC takes who they want.

PAC actually has the money to do this. The PAC assets are nontrivial, and PAC-2 are only allowed to use them to rebuild.

I'm curious what assets you think the PAC has. They lost almost everything in the breakup.

[The_Sicatoka]

2PAC
Need 7 to be an FBS conference; 8 for scheduling

Get six from MWC
MWC buyout is $17M with two year notice; $34M with one year notice

6 * $17M = $102M <-- after revenue split, and paying off the misbilling of the PAC12 network deal, the 2PAC has that to hand over to the MWC remnants?


Also, look into WasSU and OrSU athletic budgets today. They were bleeding red ink in the PAC12; this "newPAC" won't have better revenues.

[BigHorns]

I'm curious what assets you think the PAC has. They lost almost everything in the breakup.

Not what I saw.

Believe they won:
- control of PAC assets
- north of $120m in exit fees from departing schools
- CFP revenues, NCAA tourney shares

There were some restrictions placed on how they use the funds, believe the judgement giving them control said funds not distributed need to be used to rebuild.

This article puts the PAC 2 rebuild cash warchest at over $200m ... it just took a while for them to gain control.
https://www.mercurynews.com/2024/03/...he-conference/

This article on final settlement sure doesn't sound like a loss for PAC-2:
- $400m in PAC assets.
- departing schools agreed to forfeit some revenue, and additionally provide guarantees against future liabilities (eg: the PAC12 network deal)

https://sports.yahoo.com/oregon-stat...014834788.html

How does any of this equate to "lost almost everything" ?

[taper]

Not what I saw.

Believe they won:
- control of PAC assets
- north of $120m in exit fees from departing schools
- CFP revenues, NCAA tourney shares

There were some restrictions placed on how they use the funds, believe the judge said funds not distributed need to be used to rebuild.

This article puts the PAC 2 rebuild cash warchest at over $200m ... it just took a while for them to gain control.
https://www.mercurynews.com/2024/03/...he-conference/

Article is paywalled so I can't comment on it.
PAC assets - what does that mean? PAC Network media equipment, office furniture, laptops, etc that will sell for pennies on the dollar if liquidated?
PAC has no exit fees. $0. Anyone saying otherwise is completely wrong and has no credibility at all. The departing schools agreed to some hold backs, but that was basically to pay the Comcast debt that they owed.
CFP went to per school payouts instead of per conference. The PAC2 are sending every penny of that to the MWC to buy a schedule the next 2 years. NCAAT shares won't even remotely fund conference head office expenses, much less anything distributed to the schools.
That $200M war chest is a joke. Can't read the paywalled article, but if you post excerpts I'll be happy to explain how they're wrong. My guess is they're still counting the per conference CFP payout and the Rose Bowl, both of which have disappeared.

[HerdBot]

Not what I saw.

Believe they won:
- control of PAC assets
- north of $120m in exit fees from departing schools
- CFP revenues, NCAA tourney shares

There were some restrictions placed on how they use the funds, believe the judgement giving them control said funds not distributed need to be used to rebuild.

This article puts the PAC 2 rebuild cash warchest at over $200m ... it just took a while for them to gain control.
https://www.mercurynews.com/2024/03/...he-conference/

This article on final settlement sure doesn't sound like a loss for PAC-2:
- $400m in PAC assets.
- departing schools agreed to forfeit some revenue, and additionally provide guarantees against future liabilities (eg: the PAC12 network deal)

https://sports.yahoo.com/oregon-stat...014834788.html

How does any of this equate to "lost almost everything" ?

Holy shit that's a lot of revenue. Way better than the Valley. We really need to team up with the Montana schools and SDSU because something will happen.

[The_Sicatoka]

Holy shit that's a lot of revenue. Way better than the Valley. We really need to team up with the Montana schools and SDSU because something will happen.

The xDSUs and the Montanas ain't USC, UCLA, UW, UO when it comes to revenue generation.

[The_Sicatoka]

Frank reality: Most of the MWC is in better fiscal shape than the 2PAC.

https://dailyevergreen.com/168036/sp...wsu-athletics/
https://www.oregonlive.com/beavers/2...t-by-2025.html

WasSU and OrSU were not "left with", they were "left behind".

[BigHorns]

Frank reality: Most of the MWC is in better fiscal shape than the 2PAC.

https://dailyevergreen.com/168036/sp...wsu-athletics/
https://www.oregonlive.com/beavers/2...t-by-2025.html

WasSU and OrSU were not "left with", they were "left behind".

The article while interesting, also says WSU just approved building a new $27m IPF building, and that they will get control of “hundreds of millions” in assets the PAC has. $30m is a serious shortfall, and their own athletic department may face some cutbacks. They were operating on a P5 budget though, which are much larger than what G5 programs typically have.

PAC 2 were told during the hearings they couldn’t simply pocket the PAC assets and must either distribute them or use them to rebuild. They have a large incentive to rebuild now, and funds to do it with. Rumors are floating they will announce something later this summer.

[taper]

The article while interesting, also says WSU just approved building a new $27m IPF building, and that they will get control of “hundreds of millions” in assets the PAC has. $30m is a serious shortfall, and their own athletic department may face some cutbacks. They were operating on a P5 budget though, which are much larger than what G5 programs typically have.

PAC 2 were told during the hearings they couldn’t simply pocket the PAC assets and must either distribute them or use them to rebuild. They have a large incentive to rebuild now, and funds to do it with. Rumors are floating they will announce something later this summer.

This story moved fast with a lot of questionable "journalism". Both articles above are from fall 2023. This one is March 2024 has direct on the record quotes.
https://www.espn.com/college-sports/...exiting-pac-12

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 $5Mx10 is basically the Comcast repayment. That was going to be withheld no matter what.
$1.5Mx10 is chump change at this level. It probably doesn't even pay the legal fees and staff buyouts.
PAC has no warchest. They're a financial basketcase.