https://www.aol.com/acc-accuses-florida-...13850.html


"The league formally amended its complaint Wednesday, alleging FSU violated the signed agreement when it chose to challenge the exclusive grant of rights. The conference also accused the school of releasing confidential information — “trade secrets” between the league and television partner ESPN — in its legal filing in the Sunshine State.

The ACC, in its 55-page filing, is seeking a trial and damages it “reasonably believes will be substantial.” The league also asked the court for a permanent injunction barring FSU from participating in the management of league affairs while it “has a direct and material conflict of interest” with the ACC's purposes and objective. It also asked for a permanent injunction barring the Seminoles from disclosing confidential information about the TV agreement.

Both sides have agreed to respond to the complaints by mid-February. It could result in more motions filed.

No one expects a merger of the two complaints because they involve two separate state courts. One court could defer to the other or both could proceed independently. Both sides have requested a trial."

ACC TV contract revenue by year - something FSU claims is static - from IRS FORMS 990

24 - 580 M Pro Rata 3 Additional Schools Estimate
23 - 461 M estimate from UNC and NCSU athletic departments
22 - 443 M
21 - 397 M
20 - 332 M
19 - 288 M
18 - 277 M
17 - 236 M
16 - 226 M
15 - 217 M
14 - 197 M
13 - 146 M
12 - 130 M
11 - 78 M
10 - 77 M
9 - 76 M

Mecklenburg County is going to lock them out of the board room and they will have nothing to show for it.

The ACC is being super cereal.

(01-17-2024 06:53 PM)Garrettabc Wrote:  The ACC is being super cereal.

Honeycomb or Capn Crunch?

(01-17-2024 06:42 PM)SouthernConfBoy Wrote:  https://www.aol.com/acc-accuses-florida-...13850.html


"The league formally amended its complaint Wednesday, alleging FSU violated the signed agreement when it chose to challenge the exclusive grant of rights. The conference also accused the school of releasing confidential information — “trade secrets” between the league and television partner ESPN — in its legal filing in the Sunshine State.

The ACC, in its 55-page filing, is seeking a trial and damages it “reasonably believes will be substantial.” The league also asked the court for a permanent injunction barring FSU from participating in the management of league affairs while it “has a direct and material conflict of interest” with the ACC's purposes and objective. It also asked for a permanent injunction barring the Seminoles from disclosing confidential information about the TV agreement.

Both sides have agreed to respond to the complaints by mid-February. It could result in more motions filed.

No one expects a merger of the two complaints because they involve two separate state courts. One court could defer to the other or both could proceed independently. Both sides have requested a trial."

I have stated this before and will state it again ...... it's too damn bad that the ACC was not (and probably never will be) this aggressive and proactive in support of it's members and certainly in regards to it's TV contracts. If they were only half as interested and proactive in promoting football as they are in fighting the FSU lawsuit, we probably would not be in this mess!

(01-17-2024 06:55 PM)PAW79 Wrote:  

(01-17-2024 06:42 PM)SouthernConfBoy Wrote:  https://www.aol.com/acc-accuses-florida-...13850.html


"The league formally amended its complaint Wednesday, alleging FSU violated the signed agreement when it chose to challenge the exclusive grant of rights. The conference also accused the school of releasing confidential information — “trade secrets” between the league and television partner ESPN — in its legal filing in the Sunshine State.

The ACC, in its 55-page filing, is seeking a trial and damages it “reasonably believes will be substantial.” The league also asked the court for a permanent injunction barring FSU from participating in the management of league affairs while it “has a direct and material conflict of interest” with the ACC's purposes and objective. It also asked for a permanent injunction barring the Seminoles from disclosing confidential information about the TV agreement.

Both sides have agreed to respond to the complaints by mid-February. It could result in more motions filed.

No one expects a merger of the two complaints because they involve two separate state courts. One court could defer to the other or both could proceed independently. Both sides have requested a trial."

I have stated this before and will state it again ...... it's too damn bad that the ACC was not (and probably never will be) this aggressive and proactive in support of it's members and certainly in regards to it's TV contracts. If they were only half as interested and proactive in promoting football as they are in fighting the FSU lawsuit, we probably would not be in this mess!

Not proactive enough for you?

ACC TV contract revenue by year - something FSU claims is static - from IRS FORMS 990

24 - 580 M Pro Rata 3 Additional Schools Estimate
23 - 461 M estimate from UNC and NCSU athletic departments
22 - 443 M
21 - 397 M
20 - 332 M
19 - 288 M
18 - 277 M
17 - 236 M
16 - 226 M
15 - 217 M
14 - 197 M
13 - 146 M
12 - 130 M
11 - 78 M
10 - 77 M
9 - 76 M

(01-17-2024 06:56 PM)SouthernConfBoy Wrote:  

(01-17-2024 06:55 PM)PAW79 Wrote:  

(01-17-2024 06:42 PM)SouthernConfBoy Wrote:  https://www.aol.com/acc-accuses-florida-...13850.html


"The league formally amended its complaint Wednesday, alleging FSU violated the signed agreement when it chose to challenge the exclusive grant of rights. The conference also accused the school of releasing confidential information — “trade secrets” between the league and television partner ESPN — in its legal filing in the Sunshine State.

The ACC, in its 55-page filing, is seeking a trial and damages it “reasonably believes will be substantial.” The league also asked the court for a permanent injunction barring FSU from participating in the management of league affairs while it “has a direct and material conflict of interest” with the ACC's purposes and objective. It also asked for a permanent injunction barring the Seminoles from disclosing confidential information about the TV agreement.

Both sides have agreed to respond to the complaints by mid-February. It could result in more motions filed.

No one expects a merger of the two complaints because they involve two separate state courts. One court could defer to the other or both could proceed independently. Both sides have requested a trial."

I have stated this before and will state it again ...... it's too damn bad that the ACC was not (and probably never will be) this aggressive and proactive in support of it's members and certainly in regards to it's TV contracts. If they were only half as interested and proactive in promoting football as they are in fighting the FSU lawsuit, we probably would not be in this mess!

Not proactive enough for you?

ACC TV contract revenue by year - something FSU claims is static - from IRS FORMS 990

24 - 580 M Pro Rata 3 Additional Schools Estimate
23 - 461 M estimate from UNC and NCSU athletic departments
22 - 443 M
21 - 397 M
20 - 332 M
19 - 288 M
18 - 277 M
17 - 236 M
16 - 226 M
15 - 217 M
14 - 197 M
13 - 146 M
12 - 130 M
11 - 78 M
10 - 77 M
9 - 76 M

Since those are tax form numbers, they must be pretty accurate.

https://www.tomahawknation.com/2024/1/17...ig-ten-fox

"That is the weakest of all the ACC arguments. Not even a little concerned about that provision."
— RohanLaw (@RohanLawPC) January 17, 2024

(01-17-2024 07:29 PM)Garrettabc Wrote:  https://www.tomahawknation.com/2024/1/17...ig-ten-fox

"That is the weakest of all the ACC arguments. Not even a little concerned about that provision."
— RohanLaw (@RohanLawPC) January 17, 2024

We'll see what the judge has to say about that.

(01-17-2024 06:42 PM)SouthernConfBoy Wrote:  https://www.aol.com/acc-accuses-florida-...13850.html

The ACC, in its 55-page filing, is seeking a trial and damages it “reasonably believes will be substantial.” The league also asked the court for a permanent injunction barring FSU from participating in the management of league affairs while it “has a direct and material conflict of interest” with the ACC's purposes and objective. It also asked for a permanent injunction barring the Seminoles from disclosing confidential information about the TV agreement.

Is FSU going to lose the voting right?

(01-17-2024 07:50 PM)XLance Wrote:  

(01-17-2024 07:29 PM)Garrettabc Wrote:  https://www.tomahawknation.com/2024/1/17...ig-ten-fox

"That is the weakest of all the ACC arguments. Not even a little concerned about that provision."
— RohanLaw (@RohanLawPC) January 17, 2024

We'll see what the judge has to say about that.

I have no stake in the outcome of this other than I think these super conferences are stupid and are going to ruin things and help blow things up in a bad way

but I have to say all this talk of "private equity" just has me rolling and laughing it is like FSU hired Women's Tennis Larry to be their strategic valuation consultant after he blew up the PAC 12

the idea that a state university that "made a $10 million dollar profit" with $22 million plus of their revenues coming from student fees and direct academic subsidies is somehow "investable" to anyone other than a total and complete idiot just males zero sense and screams desperation and buffoonery

not to mention that in addition to the $22 million in direct academic subsidies those revenues also include well over $40 million in donation and that $40 million number is probably about the average for donations over the last 7 or 8 years

so for a private equity firm to make money there is going to need to be $60 million+ in revenues from students and donors per year plus an amount of new revenues that provides a return on the PI investment AND to make it worth it for the university results in meaningful new money to run the program year in and year out

I can't imagine anyone with a brain and money is looking at this as "hey yea lets invest in this"......sadly I can believe that there are university administrations that would think this nonsense is viable

(01-17-2024 06:56 PM)SouthernConfBoy Wrote:  

(01-17-2024 06:55 PM)PAW79 Wrote:  

(01-17-2024 06:42 PM)SouthernConfBoy Wrote:  https://www.aol.com/acc-accuses-florida-...13850.html


"The league formally amended its complaint Wednesday, alleging FSU violated the signed agreement when it chose to challenge the exclusive grant of rights. The conference also accused the school of releasing confidential information — “trade secrets” between the league and television partner ESPN — in its legal filing in the Sunshine State.

The ACC, in its 55-page filing, is seeking a trial and damages it “reasonably believes will be substantial.” The league also asked the court for a permanent injunction barring FSU from participating in the management of league affairs while it “has a direct and material conflict of interest” with the ACC's purposes and objective. It also asked for a permanent injunction barring the Seminoles from disclosing confidential information about the TV agreement.

Both sides have agreed to respond to the complaints by mid-February. It could result in more motions filed.

No one expects a merger of the two complaints because they involve two separate state courts. One court could defer to the other or both could proceed independently. Both sides have requested a trial."

I have stated this before and will state it again ...... it's too damn bad that the ACC was not (and probably never will be) this aggressive and proactive in support of it's members and certainly in regards to it's TV contracts. If they were only half as interested and proactive in promoting football as they are in fighting the FSU lawsuit, we probably would not be in this mess!

Not proactive enough for you?

ACC TV contract revenue by year - something FSU claims is static - from IRS FORMS 990

24 - 580 M Pro Rata 3 Additional Schools Estimate
23 - 461 M estimate from UNC and NCSU athletic departments
22 - 443 M
21 - 397 M
20 - 332 M
19 - 288 M
18 - 277 M
17 - 236 M
16 - 226 M
15 - 217 M
14 - 197 M
13 - 146 M
12 - 130 M
11 - 78 M
10 - 77 M
9 - 76 M

Just so everybody understands...
1) that translates into about 4% growth per year, plus other bumps like the ACCN, renegotiated contract in 2012 and again in 2014, etc.
2) The projected TV payout for next year (except for SMU, Cal, and Stanford) is $38.4M each on average.
3) Of course the incentives kick in next year, too, so some will make more, some less than $38.4M from TV.

(01-17-2024 08:06 PM)Garrettabc Wrote:  

(01-17-2024 07:50 PM)XLance Wrote:  

(01-17-2024 07:29 PM)Garrettabc Wrote:  https://www.tomahawknation.com/2024/1/17...ig-ten-fox

"That is the weakest of all the ACC arguments. Not even a little concerned about that provision."
— RohanLaw (@RohanLawPC) January 17, 2024

We'll see what the judge has to say about that.

I actually have one of those hammers (hangs in my office building).

(01-17-2024 08:33 PM)Hokie Mark Wrote:  

(01-17-2024 06:56 PM)SouthernConfBoy Wrote:  

(01-17-2024 06:55 PM)PAW79 Wrote:  

(01-17-2024 06:42 PM)SouthernConfBoy Wrote:  https://www.aol.com/acc-accuses-florida-...13850.html


"The league formally amended its complaint Wednesday, alleging FSU violated the signed agreement when it chose to challenge the exclusive grant of rights. The conference also accused the school of releasing confidential information — “trade secrets” between the league and television partner ESPN — in its legal filing in the Sunshine State.

The ACC, in its 55-page filing, is seeking a trial and damages it “reasonably believes will be substantial.” The league also asked the court for a permanent injunction barring FSU from participating in the management of league affairs while it “has a direct and material conflict of interest” with the ACC's purposes and objective. It also asked for a permanent injunction barring the Seminoles from disclosing confidential information about the TV agreement.

Both sides have agreed to respond to the complaints by mid-February. It could result in more motions filed.

No one expects a merger of the two complaints because they involve two separate state courts. One court could defer to the other or both could proceed independently. Both sides have requested a trial."

I have stated this before and will state it again ...... it's too damn bad that the ACC was not (and probably never will be) this aggressive and proactive in support of it's members and certainly in regards to it's TV contracts. If they were only half as interested and proactive in promoting football as they are in fighting the FSU lawsuit, we probably would not be in this mess!

Not proactive enough for you?

ACC TV contract revenue by year - something FSU claims is static - from IRS FORMS 990

24 - 580 M Pro Rata 3 Additional Schools Estimate
23 - 461 M estimate from UNC and NCSU athletic departments
22 - 443 M
21 - 397 M
20 - 332 M
19 - 288 M
18 - 277 M
17 - 236 M
16 - 226 M
15 - 217 M
14 - 197 M
13 - 146 M
12 - 130 M
11 - 78 M
10 - 77 M
9 - 76 M

Just so everybody understands...
1) that translates into about 4% growth per year, plus other bumps like the ACCN, renegotiated contract in 2012 and again in 2014, etc.
2) The projected TV payout for next year (except for SMU, Cal, and Stanford) is $38.4M each on average.
3) Of course the incentives kick in next year, too, so some will make more, some less than $38.4M from TV.

Year over year by the tax records:

9 - 1%
10- 1%
11 - 1 %
12 - 66%
13 - 12%
14 - 35%
15 - 10%
16 - 4%
17 - 4%
18 - 17%
19 - 4%
20 - 15%
21 - 20%
22 - 12%
23 - at least 4%
24 - at least 26% per three new members

Heretofore the ACC's was always behind the SEC and B10 in bowl money. Not playoff football money - bowl money.

$13 million more on their NYD bowls compared to the Orange Bowl, plus a second NYD payoff in the Fiesta, Orange, etc. For example in 22 the ACC made along with the SEC. P12, B12, and B10 about $67 million base on the playoff. The ACC only made an additional 15 M on it's other bowls. The base payoff of the playoff for 23 is about $75 M. The real money was made by the SEC as the opponent in the Orange Bowl - they get $22 M just for that.

This was always something B12 fans had difficult understanding. The Sugar Bowl is gone and so it that $40 M. The Orange Bowl is gone, but that was only $27.5 M lost to the ACC.

The SEC's Citrus and Hall of Fame Bowl entity makes it $14 M.

So this year for example the SEC made money on the:

1. Playoff 75 M
2. Bama's spot 6 M
3. Orange Bowl for Ga 27.5 M
4. Citrus 8 M
5. HOF 6 M
6. Other assorted bowls 24 M

Total @137 M on football playoff and bowls - that's going to be about $30 M than the ACC.

(01-17-2024 08:27 PM)TodgeRodge Wrote:  I have no stake in the outcome of this other than I think these super conferences are stupid and are going to ruin things and help blow things up in a bad way

but I have to say all this talk of "private equity" just has me rolling and laughing it is like FSU hired Women's Tennis Larry to be their strategic valuation consultant after he blew up the PAC 12

the idea that a state university that "made a $10 million dollar profit" with $22 million plus of their revenues coming from student fees and direct academic subsidies is somehow "investable" to anyone other than a total and complete idiot just males zero sense and screams desperation and buffoonery

not to mention that in addition to the $22 million in direct academic subsidies those revenues also include well over $40 million in donation and that $40 million number is probably about the average for donations over the last 7 or 8 years

so for a private equity firm to make money there is going to need to be $60 million+ in revenues from students and donors per year plus an amount of new revenues that provides a return on the PI investment AND to make it worth it for the university results in meaningful new money to run the program year in and year out

I can't imagine anyone with a brain and money is looking at this as "hey yea lets invest in this"......sadly I can believe that there are university administrations that would think this nonsense is viable

the idea that a state university that "made a $10 million dollar profit" with $22 million plus of their revenues coming from student fees and direct academic subsidies

Agreed.

In the State of NC both UNC and NC State have to follow rules of the NC State Treasurer and Auditor and use modified accrual accounting. FSU uses accrual so they will show a revenue when it's pledged and no matter the source. Money from your "daddy" is not earnings. But you will see this if you look at their documents. They also don't seem to understand net present value or a payment ladder or "ratchet".

In NC sports at UNC and NC State have to be run and accounted for as businesses so that the ptb can see what they really cost.


In the State of NC, when someone with a gold bow tie show up to court your ass is in trouble. Your UNC lawyer might **** up, but the squires from Wake Forest don't lose. And Wake Forest is essentially who FSU has targeted here by targeting the ACC as it is.

(01-17-2024 06:56 PM)SouthernConfBoy Wrote:  

(01-17-2024 06:55 PM)PAW79 Wrote:  

(01-17-2024 06:42 PM)SouthernConfBoy Wrote:  https://www.aol.com/acc-accuses-florida-...13850.html


"The league formally amended its complaint Wednesday, alleging FSU violated the signed agreement when it chose to challenge the exclusive grant of rights. The conference also accused the school of releasing confidential information — “trade secrets” between the league and television partner ESPN — in its legal filing in the Sunshine State.

The ACC, in its 55-page filing, is seeking a trial and damages it “reasonably believes will be substantial.” The league also asked the court for a permanent injunction barring FSU from participating in the management of league affairs while it “has a direct and material conflict of interest” with the ACC's purposes and objective. It also asked for a permanent injunction barring the Seminoles from disclosing confidential information about the TV agreement.

Both sides have agreed to respond to the complaints by mid-February. It could result in more motions filed.

No one expects a merger of the two complaints because they involve two separate state courts. One court could defer to the other or both could proceed independently. Both sides have requested a trial."

I have stated this before and will state it again ...... it's too damn bad that the ACC was not (and probably never will be) this aggressive and proactive in support of it's members and certainly in regards to it's TV contracts. If they were only half as interested and proactive in promoting football as they are in fighting the FSU lawsuit, we probably would not be in this mess!

Not proactive enough for you?

ACC TV contract revenue by year - something FSU claims is static - from IRS FORMS 990

24 - 580 M Pro Rata 3 Additional Schools Estimate
23 - 461 M estimate from UNC and NCSU athletic departments
22 - 443 M
21 - 397 M
20 - 332 M
19 - 288 M
18 - 277 M
17 - 236 M
16 - 226 M
15 - 217 M
14 - 197 M
13 - 146 M
12 - 130 M
11 - 78 M
10 - 77 M
9 - 76 M

Yep, nice numbers. Now compare this to what we have seen from the SEC and BIG. The ACC has for the past decade or longer been three steps behind the SEC/BIG when it comes to realignment and TV contracts. If everyone in the ACC is happy with these numbers, then all is good.

(01-17-2024 09:40 PM)PAW79 Wrote:  

(01-17-2024 06:56 PM)SouthernConfBoy Wrote:  

(01-17-2024 06:55 PM)PAW79 Wrote:  

(01-17-2024 06:42 PM)SouthernConfBoy Wrote:  https://www.aol.com/acc-accuses-florida-...13850.html


"The league formally amended its complaint Wednesday, alleging FSU violated the signed agreement when it chose to challenge the exclusive grant of rights. The conference also accused the school of releasing confidential information — “trade secrets” between the league and television partner ESPN — in its legal filing in the Sunshine State.

The ACC, in its 55-page filing, is seeking a trial and damages it “reasonably believes will be substantial.” The league also asked the court for a permanent injunction barring FSU from participating in the management of league affairs while it “has a direct and material conflict of interest” with the ACC's purposes and objective. It also asked for a permanent injunction barring the Seminoles from disclosing confidential information about the TV agreement.

Both sides have agreed to respond to the complaints by mid-February. It could result in more motions filed.

No one expects a merger of the two complaints because they involve two separate state courts. One court could defer to the other or both could proceed independently. Both sides have requested a trial."

I have stated this before and will state it again ...... it's too damn bad that the ACC was not (and probably never will be) this aggressive and proactive in support of it's members and certainly in regards to it's TV contracts. If they were only half as interested and proactive in promoting football as they are in fighting the FSU lawsuit, we probably would not be in this mess!

Not proactive enough for you?

ACC TV contract revenue by year - something FSU claims is static - from IRS FORMS 990

24 - 580 M Pro Rata 3 Additional Schools Estimate
23 - 461 M estimate from UNC and NCSU athletic departments
22 - 443 M
21 - 397 M
20 - 332 M
19 - 288 M
18 - 277 M
17 - 236 M
16 - 226 M
15 - 217 M
14 - 197 M
13 - 146 M
12 - 130 M
11 - 78 M
10 - 77 M
9 - 76 M

Yep, nice numbers. Now compare this to what we have seen from the SEC and BIG. The ACC has for the past decade or longer been three steps behind the SEC/BIG when it comes to realignment and TV contracts. If everyone in the ACC is happy with these numbers, then all is good.

Seen or claimed to be coming? It's been 15 years of the B10 and SEC announcing a projected income in the next fiscal year, while the ACC reports an audited result from the last fiscal year.

You think tiny little Clemson deserves the same amount of money as Ohio State, Michigan, and Penn State with three times your living alumni? That's what you and FSU apologists are saying despite the fact that Clemson is very small in size and FSU is very young compared to who wants to emulate.

The average B10 schools has twice the alumni of an ACC school. They have 85% more students. In a world where you get paid by eyeballs, they have more eyeballs - twice as many as the average ACC school. Clemson is only slightly bigger than Nebraska or Northwestern.

WOW...Just WOW... Basically if this actually goes to court (no settlement) it is going to take years to hash out. Also ask for permanent injunction barring Florida State from participating in the management of the affairs of the Conference while it has a direct and material conflict of interest (no more FSU president Richard McCullough on ACC Board).

What is the likelihood that FSU gets barred from the ACC board and this takes years to hash out. Can the the ACC argue that it can withhold revenue from FSU for attempting to breach the GOR ASAP???. Is FSU in the position of still having to stay in the ACC and not even getting paid for its rights due to its breach while this lawsuit plays out?