FSU maybe serious, crazy interview by board Chair
We understand the documents very well," Peter Collins said. "We understand our positions on those documents. We understand the legal arguments in that document. We understand who the actual parties would be under those documents. We have a very good handle on what our risks and opportunities are under that document.
That’s the least of my worries based on what we know. So when I say we have a good handle on (the GoR) — we understand it, we have gotten a lot of counsel on that document, and that will not be the document that keeps us from taking action."
More at video
33 Replies
3y
(In response to this post by goldendomer)
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Stech
3y
I also think it’s to the B1G, he certainly left enough bread crumbs, knowing tomorrow (a word he used repeatedly) is probably the day.
PS I really can’t believe I am writing this, the SEC must not be willing to give them an invite IMHO, lots of bread crumbs for that too IMHO.
(In response to this post by goldendomer)
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drb
3y
29:14 mark
** Edited by drb at 8/1/2023, 11:18:21 PM
(In response to this post by Stech)
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Stech
3y
to be out of the GOR tomorrow or in 5 years, but I can tell you we are out before 2036.
(In response to this post by drb)
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hokieZ71
3y
Should have just listened to the whole thing I just didn’t like hearing him speak
(In response to this post by Stech)
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Stech
3y
listen to all of it to get the proper context on things. He was very adamant that the GOR would not stop them from doing what was best for Florida State.
(In response to this post by hokieZ71)
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hokieZ71
3y
And he said it in a way that could have multiple Meanings. I want to hear him say it
(In response to this post by Stech)
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Stech
3y
I get why it’s hard to take the time. At first I was going to try to skim it, but I am glad I didn’t.
(In response to this post by hokieZ71)
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WarHog38
3y
FSU stood Roy Kramer up at a Tallahassee hotel while they closed the deal with the ACC. The SEC front office didn't like that. They have never forgiven Georgia Tech for leaving because of bad football officiating after 60 years.
(In response to this post by Stech)
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WarHog38
3y
A person can surely see that. He clearly says the GOR will not stop them from doing what is planned. You know this all is a product of high paid attorneys putting their heads together. What attorney would try his case on the internet? This is soon going to a court of law.
My only question that this man is smart enough to never publicly answer is this. Does this just include FSU or are many more members of the ACC involved? If many more ACC members are involved it may be that dissolution vote and the subsequent lawsuit that will surely follow.
You heard him nix the "we were a victim of fraud" article that was Linked earlier today on this board. He said it was a good read.
(In response to this post by goldendomer)
3y
And they decide to just roll the dice in court, then they risk bankrupting their athletic department. University boards and presidents are risk averse by nature. I don't think they would do something so risky.
(In response to this post by WarHog38)
3y
The idea that the grant of rights won't keep FSU from leaving the ACC is clearly false. They would have left by now if that was the case. And he didn't actually come out and say that anyway. What does "that will not be the document [the GoR] that keeps us from taking action." What action(s) is he actually talking about here? It's rather vague and open to interpretation. There are lots of "actions" FSU can take that don't include leaving the conference.
** Edited by tarheelblue at 8/2/2023, 3:07:55 PM
(In response to this post by Stech)
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hokieZ71
3y
Sure sounds like he’s taking a “we” attitude towards the ACC in relation to the Big XII and PAC 9….
(In response to this post by Stech)
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Stech
3y
they look back on the decisions we make now and say we made the right one. 🤔
(In response to this post by hokieZ71)
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2hhoop3
3y
he says the document will not keep them from taking action but, that does not necessarily mean there is already a planned action coming, or likely more important, when they may take action. He was very clear current thinking is not to ride it out to 2036, however, he pretty much left every other period between now and then as a possibility. All parties I believe are smart enough to recognize money is tight enough without further lining the pockets of lawyers if at all possible AND, if the sentiment against the GOR involves more than probably 3 schools everyone would likely be motivated to seek an alternative resolution.
(In response to this post by WarHog38)
3y
If FSU is willing to pay the exit fee + get their TV rights back, it’ll cost them $40-45 million a year to do so over the life of the ACC TV deal ($150M exit fee + $390M or so in GOR fees). If FSU were to make $80-100 million a year from the B1G or SEC, then they’d still be bringing in more revenue than they would be by staying in the ACC. That would be complete insanity IMO, but it could be a thing.
(In response to this post by goldendomer)
3y
(In response to this post by BROman Hokie)
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2hhoop3
3y
80 - 100 is the optimistic high end of revenues and 40 - 45 is the optimistic low end of expenses. They are making 40 in the ACC currently so the net gain MIGHT be 20 using most optimistic amounts and assuming ACC does not rise. Any variations decrease the net and that is before the uncertainty and possible expense(both monetary and human resources) to litigate as well as increased operating costs depending on a BIG or SEC address and quantifying other soft costs. I think there is a lot to think about in terms of what gets the biggest bang for the buck and if I was an FSU trustee I would want to understand how fine tuned Alford's analysis really is as it has already been demonstrated in his February presentations he can be very creative in his assumptions and their relation to reality.
(In response to this post by BROman Hokie)
3y
And they were done by people with limited understanding and very narrow thinking. But they get pushed forward by salesmanship and an ignorance of just how bad the models are. It’s amazing how easily a crappy model or presentation can make the rounds and cause trouble.
If FSU has done a good job with their modeling, then they have been both thorough and creative. So many layers to this puzzle that have to be considered.
(In response to this post by 2hhoop3)
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Stech
3y
end game. We all know the research money would dwarf the athletic money.
(In response to this post by HokieAl)
3y
If that’s the case then damn, this crazy train is just getting started. I’m officially hooked on seeing how this plays out over the next month before the season starts. So much drama.
(In response to this post by goldendomer)
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VPI_1998
3y
understand the GoR, I had a hunch someone would figure a way out (other than waiting another decade) - maybe FSU has a legal team with a trick up their sleeve.
** Edited by VPI_1998 at 8/1/2023, 9:13:39 PM
(In response to this post by HokieAl)
If the GOR isn't stopping them, why have they waited so long?
(In response to this post by HokieAl)
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Stech
3y
mentioned they started intensively working on a year, since USC and UCLA.
** Edited by Stech at 8/1/2023, 10:07:31 PM
(In response to this post by Maroon Baboon)
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RJHokie
3y
Maybe they have some stupid ass that’s saying they will bail them out, until they don’t.
(In response to this post by Maroon Baboon)
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2hhoop3
3y
to watch tomorrow and, depending on what happens tomorrow, what transpires through August 15. In situations like this, where parties on opposite sides of an argument both SEEM to feel confident in their positions, my experience tells me one side is generally trying to convince themselves of the strength of their position.
(In response to this post by RJHokie)
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RJHokie
3y
Maybe goldendomer is right……they were/are betting on ESPN to fix it.
I can’t see ESPN doing it either. Like you say, let’s see what happens.
(In response to this post by 2hhoop3)
3y
Crazy stuff.
(In response to this post by RJHokie)
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hokieZ71
3y
ESPN has all rights to ACC games. And we all know ESPN has no obligation to just start paying the ACC more.
But, ESPN could allow for another party (maybe Apple TV?) to come in and bid on an extra package of ACC content if that content were to come available through expansion.
If the ACC adds a Pacific division, we are talking potentially 9 conference football games, coast to coast time zones, maybe Friday night football exclusivity for a streamer, quite an extended package of basketball games.
If Apple TV is willing to go $200M for the PAC 9, what could they do for a PAC 4/5/6 + ACC? There’s a much larger potential subscriber base to be had there.
For this, ESPN only has to sit back and take the added cash flow to its ACCN fees by entering several markets and states on the west coast and add that to its payout for the ACC’s new programs. It’s probably about break even and ESPN can count on its ACC content being maybe better quality the next decade.
ESPN will basically televise the same Amount of content it was already going to. It also passed on this PAC 9 renegotiation anyway. (Although it did offer them $250M or so a few months ago).
But the ACC, if it is around 20 members and could add a $200-$250M streaming revenue source could end up $10-$15M better per school. FSU’s guy said $5-$6M in unequal revenue sharing wasn’t going to cut it. Maybe $10-$15M on top of that will?
** Edited by hokieZ71 at 8/2/2023, 6:50:04 AM
(In response to this post by goldendomer)
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RJHokie
3y
Doubt ESPN would do it either.
(In response to this post by goldendomer)
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EDGEMAN
3y
ESPN is just pocketing cash from their ACC deal, and they'll ride that horse into the ground., They don't care if the ACC survives as long as they have their beloved SEC.
(In response to this post by RJHokie)
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2hhoop3
3y
I guess tomorrow will be first opportunity to potentially match words with actions.
(In response to this post by HokieAl)