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Hurtlocker

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Everything posted by Hurtlocker

  1. The pandemic crushed all budgets, even those who figured out how to play. The B1G had to sell a majority stake in their rights to Fox to make up some quick cash and then Fox went goblin mode.
  2. not to keep drummer talk from going away, but I'd agree. He also wrote a bunch of their songs and used some complicated time sigs and transitions.
  3. Can the Cal Golden Bears Survive A Season Without Football? “Perhaps the pandemic will finally give Berkeley a way to get out of having a football team,” said one member of the 2016 task force.
  4. It's because it's the front porch for most school's marketing to the greater world. It's worth losing money on sports if you gain it back in admissions, much like a marketing budget. That being said, some are far worse than others. In the Power Five, 77% of the schools operated in the black as of the 2021-22 fiscal. Of those that didn't, half were in the Pac 12: Arizona, Colorado, Tennessee, South Carolina, Arizona State, Oregon State, Washington, Viriginia Tech, Ole Miss, Maryland, UCLA and Rutgers.
  5. ESPN should just give them the BYU deal of like $10-15m a year to go indy, then have the B12 schedule them OOC. That way they have all the games and don't have to pay. Either that, or add them and start a new conference network off the old PacNet infrastructure to pay for the adds. Edit: I went to look and the old B12 had 7.9m dma households, which is not enough for a conference network, nor did they have the inventory to fill one. The current B16 swells that number to 18m homes, which definitely supports a conference network and, at sixteen, provides the inventory to fill it up. Adding Stanford/Cal bumps that up to 20.5m homes. That's enough to generate $250-400m in yearly revenue off back end rights.
  6. This is another one of the Pac's numerous failings. In the 2010s, when Texas stayed in the first realignment, the "have nots" of the conference invested the media revenue wisely in sports infrastructure and in methods to increase fan engagement and revenue. While they won't catch Texas, they transformed the conference. Iowa State brought in around $45m back then, they've more than doubled that in a decade to $112m. Kansas State doubled theirs in that time and most others jumped from the $60s into the $100ms. Matter a fact, all of the Irate 8 have increased their AD budgets over $100m, which is sort of the line in the sand for the top 50 schools. Granted, they all need to bump that up into the $150s in the next 5 years, but their books are healthy. This is not the case with the Pac. Their haves continued to have, but the have nots didn't keep up in the same fashion. Most all of the schools use an unhealthy amount of school funds to subsidize the athletic departments and they've been the most financially weak of the P5 conferences for a while, but the OSU/WSU are special. Oregon State and Iowa State, who had the smallest AD budget in the Big 12 a decade ago, were pretty similar in 2013, today Iowa State brings in $23m more per year. And it does that without taking any school funds (outside charging the students ticket fees in tuition). Oregon State got to its number with $8.5m in school funds, meaning the clones make $30+m more per year than the Beavers with a similar media deal. Washington State is even worse and, to your point, they are the lowest revenue generator in the Power Five. It takes $14m in school funds, meaning its true revenue is only $69m - and 65% of that is rights and licensing! For comparison, Central Florida made $89m in that same year, but without a power five media deal. Oregon State and Washington State, regardless of history or success, just don't operate like a power five athletic department and are far closer to Air Force, SDSU, and UNLV.
  7. Definitely, but on top of those two things the B12, MWC, ACC, and AAC have buyouts that run far longer than any media deal. The B12's is a 99 year agreement. It costs $100m to leave the B12, $120m to leave the ACC, and $17-$34m to leave the MWC and AAC. The Pac had none. So its cheaper for Stanford to move to another conference and way more expensive to backfill the Pac. That's why the Pac brand will disappear fully. If they had a buyout, I doubt anyone would have left after USC/UCLA. They could have added SDSU/SMU and made less, but the math to jump to the B1G at reduced rates or Colorado/AZ to the B12 would have been far less friendly.
  8. The Pac fucked themselves royally. They have no buyouts and all the other conferences around them do. Its like they learned nothing from the Big East, ACC and Big 12 over the past 20 years, while the MWC and AAC did.
  9. They could do that with UConn though. Only thing I can think this may give them is more premium subs for ACCN. But even then its not a huge amount. Maybe $50-60m more out of DFW and the Bay Area. If ESPN is giving them full in, maybe that's enough to bribe FSU and Clemson. If ESPN is using this bump to pay for them though, its a wash.
  10. It will get there eventually. Not just because the other sports suffer, but also because once you do this the media contracts get stupid big. It sounds strange to say, but conferences are the biggest limiter on rights fees at the moment.
  11. not so fast!
  12. There were two different things being discussed. The first was geographic continuity. I still contend the B1G LOOKs ridiculous with the bulk of their members around the great lakes then a thousand miles of nothing until coastline. That has nothing to do with the schools and everything to do with where the schools are. Second, we were discussing the SEC and who they should grab, I was agreeing with the sentiment the SEC doesn't need to expand, do to favoring "quality over quantity." The more big brands are condensed, the greater the interest, the higher the value.
  13. Agree, the B1G looks ridiculous right now. I'd take quality over quantity.
  14. If they dissolve it will be a line item on next year's revenue, so everyone will make less. Same is true on if they liquidate assets, etc, that will all go into the pot to pay out before turning off the lights
  15. Underrated...let's check the math: Stanford, Cal and SMU come in to give them 18, pay them all $15m. $45m gets split between FSU/Clemson, plus a bigger share of the post season...that could be a $25-35m bump for each, getting them to $55-65m.
  16. If they're inviting SMU, then FSU is definitely out the door.
  17. yeah MWC poison pill of $17m for a year notice $34m for less is killing their prospects of expanding. Someone should have told them than with the way their contract is structured with no buyouts that they shouldn't wait until the last minute to do a media deal.
  18. San Diego State fails in attempt to create new 'Power Five' conference with Pac-12, Mountain West, AAC members SDSU's effort to rally a group of major programs into a new league fell short before it gained any momentum
  19. And I thought ESPN marketing was relentless, now three networks will be parroting B1G shit all the time.
  20. thank god it changes color so you know its cold
  21. Seems more like 12, if you round up, which is 3/4ths of the schools. If they added Stanford and Cal it would be 13. Some light reading: ACC Constitution and Bylaws Excerpts: Need to do it before hand too, because once you say you're leaving you lose your vote and all rights on future revenue - also need to do it by next week: Also, GoR isn't in the constitution/bylaws because it is a separate agreement binding the rights to 2036 regardless of if the member withdraws from the conference. Here's the initial GoR, which was extended from 2027 to 2036 to make the ACC Network.
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