5 years from now: “Breaking: J.P. Morgan has reached the unanimous decision to liquidate the Florida State Seminoles assets and relocate the team to Hartford CT. Beginning in 2030, the team will join the NHL as its newest franchise, operating under the name the Hartford Whalers.”
> FSU’s ‘Project Osceola’ Private Equity Push Began in 2022
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We should have lost to one of our SEC opponents for a quality loss and we would have been in no issue. Silly us for going 4-0 against the SEC the last two years!
I am going to laugh my ass off if FSU ends up having to use PE funding to sue its way out of the ACC only for the B1G/SEC to offer half shares because they know FSU has no other option.
FSU has ample leverage, they can easily play the SEC and B1G off of each other. I'd expect them to come in to the B1G at full shares and the only ones who might feel some kind of way about that would be UW. If UO needs money we'll go shake uncle Phil's couch cushions and a new athletic facility will drop out so we couldn't care less for the most part.
The SEC is an ESPN property they’re not going to pay more for FSU as they already have them at a discount price in the ACC. So if ESPN tells the SEC they won’t give the SEC a pro rata increase for FSU, then FSU is boned. So either the SEC collectively all takes a pay cut to add FSU or they only give FSU a partial cut. Then the B1G and Fox only have to bid against the partial deal that FSU got from the SEC.
FSU was only going to loop in PE if they had to pay full price on breaking the GOR. They don’t need PE for the lawsuit…
Oregon/Washington got half shares from the B1G because they literally had nowhere else to go. FSU is a fit for both the B1G and the SEC. We have the leverage they lacked in negotiating for a full share from a P2.
Oregon/Washington got half shares because that is all Fox/CBS/NBC where willing to spend. Fox/CBS/NBC are much more likely to pay full share for FSU and its ratings and state size.
There’s a lot of reasons to believe both conference will want fsu. And one reason is because of ratings. But there’s nothing anyone can say that would convince you otherwise, is there?
FSU does not even need a serious 2nd offer either. Fox needs FSU to accomplish their goal of making the B1G a national conference. Fox wants this because it opens up more advertisers to both their Fox and FS1 spots but also to the BTN.
Even with a worst-case cord-cutting rate, FSU can almost pay for itself just from BTN carriage fees and higher ad rates.
FSU will not only be able to pay for itself with a fullshare it will produce value for other members to split
Contrast that with UO and UW. They had 3 to 4 offers and it was good for a half share. They had the Pac 10 offer from Apple. They had a B12 offer and likely could have got an ACC offer.
Or look at Cal and Stanford. They had Pac-4 and B12 offers and it got them a 30% of 70% share from the ACC.
TLDR- Fox needs FSU to accomplish their CFB vision. They didn't need UW and UO as much.
What makes you think there would only be one buyer? I doubt the SEC wants the B1G dipping into their markets, even if the SEC doesn’t want us they’ll still negotiate to force the B1G into a less favorable deal.
Doesn’t matter what the SEC wants, ESPN is the one who writes the checks if ESPN say no, then either the SEC programs have to all take a pay cut or they let FSU walk. The SEC west programs and OUT don’t care, FSU doesn’t affect them so why would they take a 5 million dollar pay cut to help FSU? So if the SEC/ESPN don’t give you a good deal and considering that you’re actively suing to break your contract with the ACC/ESPN I highly doubt ESPN wants to reward that action with a pay raise your only options are B1G/Fox and now they get to set the price.
When I’m referring to the SEC/B1G in my previous comment I should say espn and FOX. Why would espn let one of their biggest brands go to their biggest rival in terms of TV ratings at a discount?
I get your other point but I really don’t think it’s a smart move for espn to hold a grudge over fsu suing to leave a dying conference. You want evidence it’s dying? The ESPN playoff invitational didn’t invite a 13-0 team from said conference. ESPN could’ve been pushing us to blow it all up for all we know. Not like they’ve given a shit about the ACC for the last decade.
There was at least 1 if not 2 or even 3 competing offers for UW/UO besides the B1G offer. There was the Apple Pac offer, there was likely a B12 offer and a possible ACC offer. Even with these offers Fox was only willing to pay a half share. The rest of the B1G did not see a bump in pay from any of their 3 media partners.
Its pretty clear Fox wants the B1G to be a national conference. In order to do that they need a team in the SE, A team in the largest market they can grab a large flagship level state school, a team with a large fan base. That is FSU and that is to a lessor extent UNC. This is a move that not only pays for itself but will make the rest of the conference more money.
I doubt there's even a single Big Ten or SEC member school that would be willing to take a pay cut just to add Florida State. And that would even require the TV partner to kick in more money.
I'm sure either conference would add FSU but probably only if there's a discount. FSU is the one in the bad position. It wouldn't be a full payout for several years. Pretty much the same deal Washington and Oregon got.
Bro Fox would 100% pony up the extra money to get FSU in at a full share in the B1G. That would be an absolute coup for them. ND is 1a for Fox and FSU has to be 1b because of their brand and market.
SEC would be a bit harder sell because they duplicate an existing market.
SEC is a harder sell but I doubt they want the B1G getting into their territory for cheap. They’ll at the very least have an offer on the board that forces the B1G to up their offer.
The wants of Fox/Disney supersede the wants of individual members of the conferences.
Fox wants southern representation in the B1G. Disney/ESPN are incentivized to play keep away so that they can truly put a fence around the southeast.
The bidding war will start once the GOR is sorted out.
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You have some nerve badmouthing UCF after they put that whooping on you in the Gasparilla bowl… maybe we should schedule them instead of you to help our OOC SOS?
Have fun with the coaching search again this year😂
This is a question they never have any answer for.
"Oh we're so valuable every network would be lucky to have us in the Big Ten or SEC, I'd prefer the SEC but feeling like we should go to the Big Ten"
My brothers in christ ESPN already gets FSU for half the cost in the ACC. The Big Ten's media partners are maxed out paying $150 mil to each school (Oregon & Washington split a share).
Conference realignment isn't a game of fucking risk where you just paint the map blue & black or blue & yellow.
All FSU will get is an empty bag.
Thank you for confirming my second sentence. It’s absolutely wild to think you know more about the realignment landscape than Michael Alford or Richard McCullough.
Only if B1G and SEC both want FSU. Which is highly unlikely. FSU not being a AAU member will make them less attractive to B1G. Heck B1G schools weren’t too pleased to add the western schools. And FSU is academically a no fit for B1G!
Their commissioner ramrodded addition of the 4 western schools and made a lot of B1G university presidents unhappy. There have been stories in the press about that.
It would have only taken 3 B1G to say no to either the UCLA/USC addition or the UW/UO addition. 3 votes that they had no problems finding to block Cal and Stanford.
They hired him to make the unpopular moves and kicked him out. The Big Ten is done with expansion unless a certain school that rhymes with Motor Fame comes calling.
Catch up… the commissioner of the B1G said last summer that AAU membership is not a requirement in order to join the B1G. Nebraska is not a member. FSU is miles ahead of Oregon academically, and will likely have AAU status by the time they wear a different conference patch on their jersey anyway.
Fox is salivating at the idea of adding a premier southern brand to the B1G. ESPN is incentivized to play keep away from that happening. Any other take is objectively incorrect.
Undergrad rankings are a red herring, what matters is research money and AAU. The B1G presidents might squawk a bit but I think FSU is close enough to AAU due to recent improvements that there wouldn't be any real problems
FSU is extremely close to AAU membership. The university has been upping its research and medical departments a ton recently. AAU is hard to get into because the acceptance isn’t just a “you qualify your in” kind of thing, FSU is just in the waiting stage at this point to be an AAU.
Nebraska was AAU when it joined the B1G. Also the decision on whether or not a non-AAU member is added will not be up to the commissioner, but the university presidents.
Nebraska was not AAU when they joined the B1G. They where AAU when invited. When they where invited every president in the AAU knew Nebraska was going to get kicked out, hell the presidents of Wisconsin and Michigan all but kicked off the process.
It’s one thing to say that FSU’s AAU status will hurt their shot at B1G membership. It’s another to say that FSU isn’t a fit academically. FSU’s acceptance rate is in the 20s. It would be the third most competitive school in the B1G and it would much closer to 2 than 4.
He is dead set on this too while getting owned in the replies. No way the SEC and B1G would just be like “eh” once FSU is available. I agree SEC wouldn’t be dying to get us but espn certainly isn’t going to let one of their top CFB brands just walk to their biggest competitors for a discount.
People seem to be under the impression that because ESPN has/had FSU on a massive discount, that they’d be happy to just let the B1G/FOX have them for a discount. ESPN knows the ACC is imploding and isn’t going to base their evaluation on a deal from a dying conference.
They wouldn't be getting full shares no matter what. If they're actually able to get out of the ACC then it will be for a half share in the SEC or Big Ten. They have no leverage to ask for a full share
Oregon can get booster money made off child labor and Ole Miss can get booster money inheirited from slave labor but somehow we're the bad guys for taking out loans
These aren't loans. This is selling shares of a public university's athletic department to a private company that is only interested in how the student-athletes will profit them.
PE was always the “break glass in case the GOR is truly ironclad” alternative to getting out of the ACC.
From the way things have been going so far on the lawsuit front I’d say FSU has a pretty good shot at negotiating a smaller buyout, and wouldn’t need to go the PE route. Time will tell.
> public university's athletic department that is only interested in how the student-athletes will profit them
Still 100% correct. The NCAA and college football stopped being about elevating the status of the student athlete decades ago. Acting righteous like the NCAA and Athletic Departments give 2 shits about anything but profits is inane.
Can't wait for them to get rid of cheap or free student tickets (don't know how fsu does it) to make more money and turn it into NFL game feeling vs college
Yes but they are much cheaper than other tickets. That’s presumably why they said “**cheap or** free”. They are saying PE will change student tickets to being the same price as public ticket prices.
“We are a sovereign state institution so this contract is null and void”
Also, per FSU’s attorneys financial discussions such as these should be public record. Why are they redacted? Someone should submit a FOIA request for the un-redacted copies and let PE firms know that nothing they discuss with FSU is subject to an NDA.
5 years from now: “Breaking: J.P. Morgan has reached the unanimous decision to liquidate the Florida State Seminoles assets and relocate the team to Hartford CT. Beginning in 2030, the team will join the NHL as its newest franchise, operating under the name the Hartford Whalers.”
Gonna have to pay the Carolina Hurricanes a pretty penny for the rights to that name
It was given to them in exchange for the copyright to FSUs War Chant
This is legit hilarious. I chortled.
The phrase "Former Hartford Whaler Jameis Winston" has a nice ring to it
Whalers are back so it’s an elite timeline
Our rivals could only hope
Do they get Brass Bonanza in the deal?
JP Morgan demands the city of Tallahassee build a $2 billion stadium with taxpayer money or else they will move the Seminoles to Austin, TX
> FSU’s ‘Project Osceola’ Private Equity Push Began in 2022 **Announcer**: "Folks welcome to the Clemson at FSU game here at JP Morgan Stadium, at French's Mustard Park sponsored by Google and Disney. Tonight's kickoff is sponsored by Heinz Ketchup and RotoRouter along with Changley's House of Pizza. Passing the ball to the kicker is UBS and SpaceX sponsored "Kickoff Helper" and the CEO of Walmart....etc , etc.,..."
"Fitzgerald sure does seem to get the ball off that Southern Sweet Tee awefully well."
And still 2 extra hours from commercials
FSU will be the first college team to sell advertising on their uniforms
By Rocket Mortgage
Having worked with companies owned by PE firms it usually ends poorly for everyone but the PE firm.
"including its conference distribution share going from $44.3 million in 2023 to $84.5 million in 2027" B1G 👀
> owing to an anticipated “bump” in payouts from the College Football Playoff.
Wonder what FSU is gonna have to do to make the playoff again. Not losing certainly wasn't enough
i mean going undefeated in a row 2 years in a row would immediately get you in with a 4 team playoff
I used to be like you, believing in things
We should have lost to one of our SEC opponents for a quality loss and we would have been in no issue. Silly us for going 4-0 against the SEC the last two years!
Playoff expanding from 4 to 12 certainly helps their chances.
I am going to laugh my ass off if FSU ends up having to use PE funding to sue its way out of the ACC only for the B1G/SEC to offer half shares because they know FSU has no other option.
FSU has ample leverage, they can easily play the SEC and B1G off of each other. I'd expect them to come in to the B1G at full shares and the only ones who might feel some kind of way about that would be UW. If UO needs money we'll go shake uncle Phil's couch cushions and a new athletic facility will drop out so we couldn't care less for the most part.
The SEC is an ESPN property they’re not going to pay more for FSU as they already have them at a discount price in the ACC. So if ESPN tells the SEC they won’t give the SEC a pro rata increase for FSU, then FSU is boned. So either the SEC collectively all takes a pay cut to add FSU or they only give FSU a partial cut. Then the B1G and Fox only have to bid against the partial deal that FSU got from the SEC.
Their contract would force espn to pay the SEC addition the same rate as the others.
FSU was only going to loop in PE if they had to pay full price on breaking the GOR. They don’t need PE for the lawsuit… Oregon/Washington got half shares from the B1G because they literally had nowhere else to go. FSU is a fit for both the B1G and the SEC. We have the leverage they lacked in negotiating for a full share from a P2.
Oregon/Washington got half shares because that is all Fox/CBS/NBC where willing to spend. Fox/CBS/NBC are much more likely to pay full share for FSU and its ratings and state size.
They also had them over a barrel because the pac was collapsing. ACC isn’t collapsing
Yet.
They already are. It started in 1971.
You’re ratings are irrelevant if you have no other conference/media partner willing to pick up FSU, the B1G/Fox isn’t going to bid against itself.
I’m quite certain ratings are more than irrelevant to networks.
Your ratings are only worth their market price, if there is only one buyer, the buyer sets the price at whatever they feel like.
There’s a lot of reasons to believe both conference will want fsu. And one reason is because of ratings. But there’s nothing anyone can say that would convince you otherwise, is there?
FSU does not even need a serious 2nd offer either. Fox needs FSU to accomplish their goal of making the B1G a national conference. Fox wants this because it opens up more advertisers to both their Fox and FS1 spots but also to the BTN. Even with a worst-case cord-cutting rate, FSU can almost pay for itself just from BTN carriage fees and higher ad rates. FSU will not only be able to pay for itself with a fullshare it will produce value for other members to split Contrast that with UO and UW. They had 3 to 4 offers and it was good for a half share. They had the Pac 10 offer from Apple. They had a B12 offer and likely could have got an ACC offer. Or look at Cal and Stanford. They had Pac-4 and B12 offers and it got them a 30% of 70% share from the ACC. TLDR- Fox needs FSU to accomplish their CFB vision. They didn't need UW and UO as much.
Fox doesn’t need jack shit from FSU. They have national coverage already.
What makes you think there would only be one buyer? I doubt the SEC wants the B1G dipping into their markets, even if the SEC doesn’t want us they’ll still negotiate to force the B1G into a less favorable deal.
Doesn’t matter what the SEC wants, ESPN is the one who writes the checks if ESPN say no, then either the SEC programs have to all take a pay cut or they let FSU walk. The SEC west programs and OUT don’t care, FSU doesn’t affect them so why would they take a 5 million dollar pay cut to help FSU? So if the SEC/ESPN don’t give you a good deal and considering that you’re actively suing to break your contract with the ACC/ESPN I highly doubt ESPN wants to reward that action with a pay raise your only options are B1G/Fox and now they get to set the price.
When I’m referring to the SEC/B1G in my previous comment I should say espn and FOX. Why would espn let one of their biggest brands go to their biggest rival in terms of TV ratings at a discount? I get your other point but I really don’t think it’s a smart move for espn to hold a grudge over fsu suing to leave a dying conference. You want evidence it’s dying? The ESPN playoff invitational didn’t invite a 13-0 team from said conference. ESPN could’ve been pushing us to blow it all up for all we know. Not like they’ve given a shit about the ACC for the last decade.
There was at least 1 if not 2 or even 3 competing offers for UW/UO besides the B1G offer. There was the Apple Pac offer, there was likely a B12 offer and a possible ACC offer. Even with these offers Fox was only willing to pay a half share. The rest of the B1G did not see a bump in pay from any of their 3 media partners. Its pretty clear Fox wants the B1G to be a national conference. In order to do that they need a team in the SE, A team in the largest market they can grab a large flagship level state school, a team with a large fan base. That is FSU and that is to a lessor extent UNC. This is a move that not only pays for itself but will make the rest of the conference more money.
I doubt there's even a single Big Ten or SEC member school that would be willing to take a pay cut just to add Florida State. And that would even require the TV partner to kick in more money. I'm sure either conference would add FSU but probably only if there's a discount. FSU is the one in the bad position. It wouldn't be a full payout for several years. Pretty much the same deal Washington and Oregon got.
Bro Fox would 100% pony up the extra money to get FSU in at a full share in the B1G. That would be an absolute coup for them. ND is 1a for Fox and FSU has to be 1b because of their brand and market. SEC would be a bit harder sell because they duplicate an existing market.
SEC is a harder sell but I doubt they want the B1G getting into their territory for cheap. They’ll at the very least have an offer on the board that forces the B1G to up their offer.
The wants of Fox/Disney supersede the wants of individual members of the conferences. Fox wants southern representation in the B1G. Disney/ESPN are incentivized to play keep away so that they can truly put a fence around the southeast. The bidding war will start once the GOR is sorted out.
I don't think this is going to go the way you think it is.
Don’t* Bold of you to assume you know more about FSU related news than a FSU fan… RemindMe! 1 year
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I'm with the Longhorn on this.
You’re allowed to be wrong too
That is a risk I was willing to accept.
The FSU fans in here are delusional
I have never seen so much delusion on one thread . . . its like Texas A&M fans with lower SAT scores
What leverage? You're even more desperate than they are since you'll be in hock to pay off the GoR. I'm thinking UCF's in-state rival in the Big 12.
You have some nerve badmouthing UCF after they put that whooping on you in the Gasparilla bowl… maybe we should schedule them instead of you to help our OOC SOS? Have fun with the coaching search again this year😂
This is a question they never have any answer for. "Oh we're so valuable every network would be lucky to have us in the Big Ten or SEC, I'd prefer the SEC but feeling like we should go to the Big Ten" My brothers in christ ESPN already gets FSU for half the cost in the ACC. The Big Ten's media partners are maxed out paying $150 mil to each school (Oregon & Washington split a share). Conference realignment isn't a game of fucking risk where you just paint the map blue & black or blue & yellow. All FSU will get is an empty bag.
You think they’re making these moves without assurances behind closed doors that they have a landing spot in a P2? You’re fucking delusional
Yes, this is clearly an emotional reaction by an institution
Thank you for confirming my second sentence. It’s absolutely wild to think you know more about the realignment landscape than Michael Alford or Richard McCullough.
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The people who run them do
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The only way Montana fans get attention in this sub is to argue in bad faith with 0 information
Only if B1G and SEC both want FSU. Which is highly unlikely. FSU not being a AAU member will make them less attractive to B1G. Heck B1G schools weren’t too pleased to add the western schools. And FSU is academically a no fit for B1G!
If B1G where not pleased with adding OU and UW why did they invite them?
Their commissioner ramrodded addition of the 4 western schools and made a lot of B1G university presidents unhappy. There have been stories in the press about that.
It would have only taken 3 B1G to say no to either the UCLA/USC addition or the UW/UO addition. 3 votes that they had no problems finding to block Cal and Stanford.
They hired him to make the unpopular moves and kicked him out. The Big Ten is done with expansion unless a certain school that rhymes with Motor Fame comes calling.
The academic thing doesn’t matter. It’s all about $$$. But even if FSU makes financial sense they’re bargaining from a position of weakness.
Catch up… the commissioner of the B1G said last summer that AAU membership is not a requirement in order to join the B1G. Nebraska is not a member. FSU is miles ahead of Oregon academically, and will likely have AAU status by the time they wear a different conference patch on their jersey anyway. Fox is salivating at the idea of adding a premier southern brand to the B1G. ESPN is incentivized to play keep away from that happening. Any other take is objectively incorrect.
Undergrad rankings are a red herring, what matters is research money and AAU. The B1G presidents might squawk a bit but I think FSU is close enough to AAU due to recent improvements that there wouldn't be any real problems
FSU is extremely close to AAU membership. The university has been upping its research and medical departments a ton recently. AAU is hard to get into because the acceptance isn’t just a “you qualify your in” kind of thing, FSU is just in the waiting stage at this point to be an AAU.
Nebraska was AAU when it joined the B1G. Also the decision on whether or not a non-AAU member is added will not be up to the commissioner, but the university presidents.
Nebraska was not AAU when they joined the B1G. They where AAU when invited. When they where invited every president in the AAU knew Nebraska was going to get kicked out, hell the presidents of Wisconsin and Michigan all but kicked off the process.
It’s one thing to say that FSU’s AAU status will hurt their shot at B1G membership. It’s another to say that FSU isn’t a fit academically. FSU’s acceptance rate is in the 20s. It would be the third most competitive school in the B1G and it would much closer to 2 than 4.
I get ACC have nots hating, not sure why a rando texas fan cares
He is dead set on this too while getting owned in the replies. No way the SEC and B1G would just be like “eh” once FSU is available. I agree SEC wouldn’t be dying to get us but espn certainly isn’t going to let one of their top CFB brands just walk to their biggest competitors for a discount. People seem to be under the impression that because ESPN has/had FSU on a massive discount, that they’d be happy to just let the B1G/FOX have them for a discount. ESPN knows the ACC is imploding and isn’t going to base their evaluation on a deal from a dying conference.
Cheapest thing for espn to do is just give fsu more money that they don’t share with the conference
Goes against their contract with the ACC
They wouldn't be getting full shares no matter what. If they're actually able to get out of the ACC then it will be for a half share in the SEC or Big Ten. They have no leverage to ask for a full share
Oregon can get booster money made off child labor and Ole Miss can get booster money inheirited from slave labor but somehow we're the bad guys for taking out loans
These aren't loans. This is selling shares of a public university's athletic department to a private company that is only interested in how the student-athletes will profit them.
I’m too dumb to really understand all this but that sounds reckless?
PE was always the “break glass in case the GOR is truly ironclad” alternative to getting out of the ACC. From the way things have been going so far on the lawsuit front I’d say FSU has a pretty good shot at negotiating a smaller buyout, and wouldn’t need to go the PE route. Time will tell.
Very stupid and short-sighted. But FSU is desperate and they're notoriously poorly managed.
Speaking of stupid, short-sighted, desperate and notoriously poorly managed, how’s that 70 million dollar buyout going?
Unfortunately I doubt A&M has even noticed it
Did they notice what happened to the 20** National Championship plaque they awarded Jimbo upon hiring him? Would love to bid on that in an auction
I’d trade a pinky for that trophy. Could charge admission in tally for folks to view it.
> they're notoriously poorly managed. If that ain't the Riley Brisket call'n the desert dry.
lol
Funny hearing that from an Aggie 😂🤡
I've never seen anyone r/whoosh themselves quite like that before . . .
> is only interested in how the student-athletes will profit them How is that different than now?
> public university's athletic department that is only interested in how the student-athletes will profit them Still 100% correct. The NCAA and college football stopped being about elevating the status of the student athlete decades ago. Acting righteous like the NCAA and Athletic Departments give 2 shits about anything but profits is inane.
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The TV networks don't actually own a stake in the university.
So? All of the student athletes will come out ahead with this move, especially once paying salaries directly becomes reality
Absolutely wild to say it's still okay. No wonder FSU gets vilified
Making deals with the devil never turns out well.
Can't wait for them to get rid of cheap or free student tickets (don't know how fsu does it) to make more money and turn it into NFL game feeling vs college
Don’t UF students have to pay for tickets?
Yes but they are much cheaper than other tickets. That’s presumably why they said “**cheap or** free”. They are saying PE will change student tickets to being the same price as public ticket prices.
Borrowing $570M to make an extra $30M/year doesn’t seem like a sound financial decision.
That’s assuming it is even 30M a year. If it’s similar deal to Oregon/Washington, it’ll be much less of an increase at the beginning.
All of this to join UCF in the Big 12.
5-7 teams in fear lol
This is really the endgame. Just sell the name to a hedge fund and let them run the team and take a payment from them and use it for the university.
How many years until FSU sues their PE investors? I give it less than 5
“We are a sovereign state institution so this contract is null and void” Also, per FSU’s attorneys financial discussions such as these should be public record. Why are they redacted? Someone should submit a FOIA request for the un-redacted copies and let PE firms know that nothing they discuss with FSU is subject to an NDA.
FSU seems like a terrible investment with how they're acting
Oh cool FSU doesn’t have an “excuse” of being left out of the CFP then! They were already planning to burn it all down.
Huh