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Post by n00b on May 21, 2024 14:59:06 GMT -5
"At big schools" is doing a lot of the lifting there. Yes, I agree. Big Ten teams won't have any walk-ons. But OVC teams still will. I agree that I think there are D1 schools who are going to want to have walk-on opportunities but I don't think we know enough about the new shape of things to know if or how that would work. Do walk-ons not share in revenue? No NIL? No athletic scholarship but what about academic? Training Table? Using Dartmouth BBs argument that training and gear are payment - would they have to pay extra (above tuition) for training and not get to keep their gear? This settlement and the coming changes are about defining who is in, and who is out. Where is the line drawn? Are whole teams sharing revenue while other whole teams are "walk-ons?" I don't think we know this yet. Sure. Things can always change. But the current discussions are that the revenue sharing with be permissive, not required. So Alabama can choose to share revenue with athletes while Alabama State can choose not to. |
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Post by mikegarrison on May 21, 2024 16:08:02 GMT -5
Are we really talking "revenue" sharing or "profit" sharing here? Am I wrong, or isn't it the case that the *vast* majority of NCAA schools do not turn a profit from their athletics department?
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Post by mervinswerved on May 22, 2024 8:26:46 GMT -5
Any AD or president who falls for this is a rube and should be immediately fired.
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Post by n00b on May 22, 2024 8:57:33 GMT -5
Any AD or president who falls for this is a rube and should be immediately fired. "the CAS platform and capital can help offset incremental, athletic-related expenses and, when needed, right-size operating structures." On the other hand, ADs and Presidents might like the idea of an outside consultant recommending that sports get dropped rather than admit it was all their idea. |
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Post by mervinswerved on May 22, 2024 9:20:11 GMT -5
Any AD or president who falls for this is a rube and should be immediately fired. "the CAS platform and capital can help offset incremental, athletic-related expenses and, when needed, right-size operating structures." On the other hand, ADs and Presidents might like the idea of an outside consultant recommending that sports get dropped rather than admit it was all their idea. They can already hire McKinsey or BCG or whomever to do that (athletic departments and universities *love* consultants). What Weatherford is doing isn't that. It's private equity, athletic departments signing over future revenues for a short term cash injection. Given the history of PE firms in America, it's bound to end in disaster. Although, the hollowing out of American public universities is an ongoing process and certain presidents (looking at you, Gordon Gee) would probably be thrilled to participate. Somewhat related thought: aren't the LOVB folks a bunch of ex-Bain Capital people? |
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Post by mikegarrison on May 22, 2024 9:42:47 GMT -5
That statement is an unreadable vomiting mixture of every consultant pitch ever. "Monitize" this, "paradigm" that, "right-size" the other...
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Post by SayonaraTachikara on May 22, 2024 9:45:19 GMT -5
"the CAS platform and capital can help offset incremental, athletic-related expenses and, when needed, right-size operating structures." On the other hand, ADs and Presidents might like the idea of an outside consultant recommending that sports get dropped rather than admit it was all their idea. They can already hire McKinsey or BCG or whomever to do that (athletic departments and universities *love* consultants). What Weatherford is doing isn't that. It's private equity, athletic departments signing over future revenues for a short term cash injection. Given the history of PE firms in America, it's bound to end in disaster. Although, the hollowing out of American public universities is an ongoing process and certain presidents (looking at you, Gordon Gee) would probably be thrilled to participate. Somewhat related thought: aren't the LOVB folks a bunch of ex-Bain Capital people? Yes, LOVB was formed based on a ton of ex Bain Capital folks who are modeling the Varsity Brands "All Star Cheerleading" model, which is basically a multi billion dollar monopoly that fleeces the individual gym owners. If you are curious about the model, google "Varsity Brands monopoly" |
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Post by mplsgopher on May 22, 2024 11:43:34 GMT -5
One thing to keep in mind for Florida State is when they lose or settle with the ACC, they’re going to owe a gigantic amount of money to break the GoR that they voluntarily signed in good faith and urged the rest of the conference to sign. (In case you haven’t noticed, my opinion is that FSU is firmly in the wrong.)
So, it’s possible that this venture could be specifically aimed at FSU (and perhaps Clemson if they’re foolhardy enough to follow FSU over the cliff), for that reason.
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Post by n00b on May 22, 2024 11:55:07 GMT -5
One thing to keep in mind for Florida State is when they lose or settle with the ACC, they’re going to owe a gigantic amount of money to break the GoR that they voluntarily signed in good faith and urged the rest of the conference to sign. (In case you haven’t noticed, my opinion is that FSU is firmly in the wrong.) So, it’s possible that this venture could be specifically aimed at FSU (and perhaps Clemson if they’re foolhardy enough to follow FSU over the cliff), for that reason. Those are the high profile cases. But there will be a lot of non-FBS D1s that are going to have a really difficult time figuring out how to make ends meet with the decrease in NCAA payouts for the next decade. |
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Post by staticb on May 22, 2024 15:21:14 GMT -5
Any AD or president who falls for this is a rube and should be immediately fired. Can't wait until we can invest in collegiate athletic departments in the stock market the way things are going. |
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Post by mplsgopher on May 23, 2024 9:08:19 GMT -5
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Post by mplsgopher on May 23, 2024 9:10:14 GMT -5
What will be interesting is if this settlement is (allowed to be?) in any way “the final deal”. Or if more and more parties will just keep filing new lawsuits aiming to get more and more?
Collectively bargaining with a player’s advocacy group sure would seem to help in that regard?
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Post by mikegarrison on May 23, 2024 9:14:24 GMT -5
PAC-12? Like what, WSU and OSU? |
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Post by bluepenquin on May 23, 2024 9:54:05 GMT -5
PAC-12? Like what, WSU and OSU? I think these are being voted on with current 2023/24 conference memberships. Oklahoma and Texas chose to abstain with the B12 vote - which I don't think included AZ/ASU/COL/UTA. So - I am thinking this is for the current 12 PAC schools? |
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Post by n00b on May 23, 2024 10:09:17 GMT -5
PAC-12? Like what, WSU and OSU? I think these are being voted on with current 2023/24 conference memberships. Oklahoma and Texas chose to abstain with the B12 vote - which I don't think included AZ/ASU/COL/UTA. So - I am thinking this is for the current 12 PAC schools? The Pac-12 remains an "Area of Autonomy" conference whether they have 2 schools or 12. I looked but couldn't find any reporting about whether the departing schools will have any input here. |
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