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(ESPN)   Missouri and Texas A&M to pay a Big $12 million each to leave conference   (espn.go.com) divider line 44
    More: Followup, Missouri, academic conference  
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456 clicks; posted to Sports » on 29 Feb 2012 at 11:51 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-02-29 10:05:18 AM
Tuition's about to go up.
 
2012-02-29 10:11:20 AM

ManateeGag: Tuition's about to go up.


Except both will become full members of the SEC effective July 1 with complete shares, which currently means $20 million a year.
 
2012-02-29 11:54:38 AM
Division 1 college football is such a joke. It's to the point where anyone that thinks it's still about the athletics should be committed to a mental ward.
 
2012-02-29 11:57:47 AM

Mentat: ManateeGag: Tuition's about to go up.

Except both will become full members of the SEC effective July 1 with complete shares, which currently means $20 million a year.


doesn't mean tuition isn't going to go up. and college realignment it farking tarded. fark that shiat.

/mizzou does not belong in the sec.
 
2012-02-29 12:07:14 PM

Mentat: ManateeGag: Tuition's about to go up.

Except both will become full members of the SEC effective July 1 with complete shares, which currently means $20 million a year.


Yep both teams will make that back and then sum in a year
 
2012-02-29 12:08:47 PM
Good money paid if its to get off the ship before it sinks.

/Fark you Texas
 
2012-02-29 12:10:08 PM

Mentat: ManateeGag: Tuition's about to go up.

Except both will become full members of the SEC effective July 1 with complete shares, which currently means $20 million a year.


Is that $20M figure you cite what they will get next year or is that what each SEC member currently gets, but will be diluted with two new members next year?
 
2012-02-29 12:11:23 PM

OldsmoBuick: Is that $20M figure you cite what they will get next year or is that what each SEC member currently gets, but will be diluted with two new members next year?


The last payout reported for the SEC was $20 million per school, and they will likely renegotiate with CBS/ESPN to ensure that they get at least that much when A&M and Mizzou join.
 
2012-02-29 12:12:56 PM

A Fark Handle: doesn't mean tuition isn't going to go up. and college realignment it farking tarded. fark that shiat.


Tuition is going up because the state of Missouri keeps slashing funding and threatened a 14% cut for the next term. Realignment has nothing to do with that because all of Missouri's athletic funds are contained within the department, which has operated in the black for years. The University itself is not losing any money on the deal.
 
2012-02-29 12:14:26 PM

Mentat: OldsmoBuick: Is that $20M figure you cite what they will get next year or is that what each SEC member currently gets, but will be diluted with two new members next year?

The last payout reported for the SEC was $20 million per school, and they will likely renegotiate with CBS/ESPN to ensure that they get at least that much when A&M and Mizzou join.


On top of that, there have been rumors for months of a full-fledged SEC Network that could be worth $1 billion a year in total revenue. I believe the last Big Ten Network figures were $23 million per school after Nebraska joined.
 
2012-02-29 12:15:36 PM

mjohnson71: Good money paid if its to get off the ship before it sinks.

/Fark you Texas


cdn.stripersonline.com



The University of Texa$ will be fine regardless of what happens to the Big 12.
 
2012-02-29 12:15:43 PM
That doesn't sound like that much at all. They will each make that back and then some very quickly.
 
2012-02-29 12:21:31 PM

Maud Dib: The University of Texa$ will be fine regardless of what happens to the Big 12.


Which is kind of the crux of the problem.
 
2012-02-29 12:29:01 PM
Hope Texas is happy they destroyed the Big 12 so the few people in Texas who actually get the Longhorn Network could watch Texas vs. Rice last year.

In other news, Nebraska is raking in a shiatload more money in the Big Ten than the Big 12 ever could have generated...so all is well.
 
2012-02-29 12:31:30 PM

Mentat: OldsmoBuick: Is that $20M figure you cite what they will get next year or is that what each SEC member currently gets, but will be diluted with two new members next year?

The last payout reported for the SEC was $20 million per school, and they will likely renegotiate with CBS/ESPN to ensure that they get at least that much when A&M and Mizzou join.


Ahh, gotcha. The mythical "likely renegotiate" figure. I am sure CBS/ESPN will just be chomping at the bit to give even more money over. I am sure they feel obligated to make sure Mizzou and A&M gets the same as what other schools have gotten in the past. I am sure it is in the bag.

/Rock Chalk!
 
2012-02-29 12:33:05 PM

Maud Dib: mjohnson71: Good money paid if its to get off the ship before it sinks.

/Fark you Texas

The University of Texa$ will be fine regardless of what happens to the Big 12.


I know. Good luck to everyone remaining in the Little XII being Texa$' prison biatch.
 
2012-02-29 12:39:18 PM

OldsmoBuick: Ahh, gotcha. The mythical "likely renegotiate" figure. I am sure CBS/ESPN will just be chomping at the bit to give even more money over.


With how much time and effort they spend hyping the SEC every year, they probably will. You can't NOT do that after talking endlessly about how the SEC could be its own NFL division and win Super Bowls (only a slight hyperbole over what they actually say) every year.
 
2012-02-29 12:39:19 PM

OldsmoBuick: Ahh, gotcha. The mythical "likely renegotiate" figure. I am sure CBS/ESPN will just be chomping at the bit to give even more money over. I am sure they feel obligated to make sure Mizzou and A&M gets the same as what other schools have gotten in the past. I am sure it is in the bag.


No, $20 million is the last true payout reported. And the only thing mythical here is your stupid mascot. The SEC and ACC both have clauses in their contracts that allow them to renegotiate and they will both do that and the networks will pay because they want more content. The SEC already dominates in terms of viewership, and expanding that reach into the Houston, KC and St. Louis markets is a no-brainer, which is probably why Kansas fans don't understand it. But don't worry, I hear you'll have a basketball series with Nebraska in the near future. I'm sure that will get a lot of national play.
 
2012-02-29 12:43:28 PM

velvet_fog: Hope Texas is happy they destroyed the Big 12 so the few people in Texas who actually get the Longhorn Network could watch Texas vs. Rice last year.

In other news, Nebraska is raking in a shiatload more money in the Big Ten than the Big 12 ever could have generated...so all is well.


How exactly has the Big 12 been destroyed? Last I checked, Missouri has won almost nothing in the 15 or so years of the Big 12, so replacing them with WVU seems to be a step up athletics wise. TCU is much better than Aggy at football, and brings in the Dallas media market.
 
2012-02-29 12:52:00 PM

Mentat: No, $20 million is the last true payout reported. And the only thing mythical here is your stupid mascot. The SEC and ACC both have clauses in their contracts that allow them to renegotiate and they will both do that and the networks will pay because they want more content. The SEC already dominates in terms of viewership, and expanding that reach into the Houston, KC and St. Louis markets is a no-brainer, which is probably why Kansas fans don't understand it. But don't worry, I hear you'll have a basketball series with Nebraska in the near future. I'm sure that will get a lot of national play.


So it is a guarantee of $20M or is that just what you are hoping for? Is $20M what half to a quarter of those markets are worth to CBS/ESPN? How do you arrive at that figure for CBS/ESPN? None of those markets are solidly MU or A&M markets.

Another question for you. The $12M figure is what the Big XII is not paying you because you are leaving. What was the Big XII payout to other members or what MU got last year? What you were paid and what the buyout is may not be the same number.
 
2012-02-29 12:53:49 PM

Levarien: How exactly has the Big 12 been destroyed? Last I checked, Missouri has won almost nothing in the 15 or so years of the Big 12, so replacing them with WVU seems to be a step up athletics wise. TCU is much better than Aggy at football, and brings in the Dallas media market.


Not destroyed. But Texas has pretty much made it "their" conference by moving the HQ and championship games to the Dallas area.

Everyone remaining will just be there to play "yes men" to the big burnt orange monster down in Austin.
 
2012-02-29 01:01:15 PM
Texas is waiting for when the stupid BCS TV contracts expire next year.
We need a playoff system in place instead of the current clusterfark.

Link (new window)
 
2012-02-29 01:07:06 PM

velvet_fog: Hope Texas is happy they destroyed the Big 12 so the few people in Texas who actually get the Longhorn Network could watch Texas vs. Rice last year.


Well they already got to see that game, so it's more the UT fans that live in Nebraska, Arizona, etc that got to watch the UT Rice game if they had the right cable provider and paid for the premium deal.

And I swore that I read that the buyouts were closer to $28 mil on the bottom line last night.
 
2012-02-29 01:23:44 PM

Mentat: OldsmoBuick: Is that $20M figure you cite what they will get next year or is that what each SEC member currently gets, but will be diluted with two new members next year?

The last payout reported for the SEC was $20 million per school, and they will likely renegotiate with CBS/ESPN to ensure that they get at least that much when A&M and Mizzou join.


No doubt. They are adding at least partial top 20 TV markets with St Louis and KC following Mizzou. That will increase the TV contract value. As stated before, anything to get away from Texas and the Longhorn Network is a bonus for these two schools.

Levarien: velvet_fog: Hope Texas is happy they destroyed the Big 12 so the few people in Texas who actually get the Longhorn Network could watch Texas vs. Rice last year.

In other news, Nebraska is raking in a shiatload more money in the Big Ten than the Big 12 ever could have generated...so all is well.

How exactly has the Big 12 been destroyed? Last I checked, Missouri has won almost nothing in the 15 or so years of the Big 12, so replacing them with WVU seems to be a step up athletics wise. TCU is much better than Aggy at football, and brings in the Dallas media market.


While Mizzou has won nothing in the last 15 years, they are still a better draw for KU, Iowa State, KState, and the rest of the Big 12 than TCU and WV will be. The thing that will hurt the Big 12 is that they are going to lose the KC and St Louis markets. WVU brings no TV market worth mentioning and TCU brings the same market the other Texas schools already cover. More than anything, I believe that Mizzou and A&M moving will be the first step towards the 4 'super conferences' that the NCAA will run. Once the NCAA gets their head out of their ass and stops acting like a playoff would not make money they will step in and do this.
 
2012-02-29 02:07:24 PM

Mentat: ManateeGag: Tuition's about to go up.

Except both will become full members of the SEC effective July 1 with complete shares, which currently means $20 million a year.


Well I would hope they'd make good money being the whipping boys of the SEC.

What a bunch of asshattery.
 
2012-02-29 02:09:57 PM

velvet_fog: Hope Texas is happy they destroyed the Big 12 so the few people in Texas who actually get the Longhorn Network could watch Texas vs. Rice last year.

In other news, Nebraska is raking in a shiatload more money in the Big Ten than the Big 12 ever could have generated...so all is well.


Tied for 11th place in Big Ten basketball is quite the achievement.
 
2012-02-29 02:17:05 PM

mjohnson71: Levarien: How exactly has the Big 12 been destroyed? Last I checked, Missouri has won almost nothing in the 15 or so years of the Big 12, so replacing them with WVU seems to be a step up athletics wise. TCU is much better than Aggy at football, and brings in the Dallas media market.

Not destroyed. But Texas has pretty much made it "their" conference by moving the HQ and championship games to the Dallas area.

Everyone remaining will just be there to play "yes men" to the big burnt orange monster down in Austin.


Bullshiat. The Big XII members voted to move the HQ to Dallas from KC. The Big XII football game went to Jerry World because the basketball tournament went to KC's Sprint Center. Nebraska, MU and A&M want to blame everything on Texas the same way the Middle East wants to blame everything on the US. Some of the gripes may be legit, but the rest of it are their own problems. Nebraska hasn't won a Big XII football title since 1999. A&M since 1998. Mizzou hasn't won anything in the 15 years since the conference began. It's not the end of the world for the Big XII that you're taking your semi-relevance elsewhere.
 
2012-02-29 02:24:43 PM
A&M's "losing" $12.4 million, but it's getting $3.1 million from the 2012 signing bonus paid by Fox for the next tv contract. So the bottom line for A&M is really only $9.3 million that it's not getting.

It's worth every penny.

Also, Mizzou is not getting that 2012 money.
 
2012-02-29 02:24:52 PM

bluenote13: While Mizzou has won nothing in the last 15 years, they are still a better draw for KU, Iowa State, KState, and the rest of the Big 12 than TCU and WV will be.


Perhaps, perhaps not. TCU is in Fort Worth. Granted WV is a bit of a stretch.

The thing that will hurt the Big 12 is that they are going to lose the KC and St Louis markets.

Not even. MU is the smaller third of the KU/MU/KSU fanbase in KC. St. Louis doesn't really seem to acknowledge college sports. And if it did it seems as if there's more Illini/Big Ten interest.

But as for the rest of what you said, I do believe the Div I football playoff is the only thing that will save all of college sports before it is too late. The BCS is the enemy.
 
2012-02-29 03:14:08 PM
Welcome to the SEC.
And, as it's been a while since the last college football thread I'd like to add
i232.photobucket.com
 
2012-02-29 03:16:54 PM

theurge14: Mentat: ManateeGag: Tuition's about to go up.

Except both will become full members of the SEC effective July 1 with complete shares, which currently means $20 million a year.

Well I would hope they'd make good money being the whipping boys of the SEC.

What a bunch of asshattery.


I'll take being mid-tier in a thriving SEC over being mid-tier in a dying Big XII.
 
2012-02-29 05:02:57 PM

Mentat: A Fark Handle: doesn't mean tuition isn't going to go up. and college realignment it farking tarded. fark that shiat.

Tuition is going up because the state of Missouri keeps slashing funding and threatened a 14% cut for the next term. Realignment has nothing to do with that because all of Missouri's athletic funds are contained within the department, which has operated in the black for years. The University itself is not losing any money on the deal.


it hasn't been in the black for years. turns out except for a few schools (~15-25 depending on the year) most athletic departments cost the school money. list of self-sustaining athletic departments (new window). note, i don't see mizzou on that list. that's why schools have student fees and other shiat to transfer cash to the athletic department. never mind the lost tax revenue since donations to those "not for profit" athletic departments are tax-deductible. i'm not saying that funding college athletics is bad, but let's not pretend that college athletics are self-sustaining.

/also, mizzou still doesn't belong in the sec. fark 'em.
 
2012-02-29 05:34:40 PM
I've always been fascinated with the SEC "Pinwheel" Logo and how they updated it for each 'new' team:

13 Team Pinwheel
cdn2-b.examiner.com
14 Team Pinwheel
mizzoumag.missouri.edu
 
2012-02-29 06:33:05 PM

bluenote13: Once the NCAA gets their head out of their ass and stops acting like a playoff would not make money they will step in and do this.


Your beef is with the college presidents, not the NCAA. The NCAA has nothing to do with the bowl system or BCS.
 
2012-02-29 06:46:43 PM
Texas will do there own thing, they can with their revenue. It remains to be seen how much longer OU can be bought off before they bolt.
 
2012-02-29 07:41:12 PM

evilive: Texas will do there own thing, they can with their revenue. It remains to be seen how much longer OU can be bought off before they bolt.


Texas and OU could offer to join the SEC on the condition that A&M and Mizzou are kicked out.
The SEC would take that deal.
 
2012-02-29 08:21:04 PM

OldsmoBuick: So it is a guarantee of $20M or is that just what you are hoping for? Is $20M what half to a quarter of those markets are worth to CBS/ESPN? How do you arrive at that figure for CBS/ESPN? None of those markets are solidly MU or A&M markets.

Another question for you. The $12M figure is what the Big XII is not paying you because you are leaving. What was the Big XII payout to other members or what MU got last year? What you were paid and what the buyout is may not be the same number.


The $20 million (actually $19.5) is for the 2010-11 year. I don't know the answer to your other question.

A Fark Handle: it hasn't been in the black for years. turns out except for a few schools (~15-25 depending on the year) most athletic departments cost the school money. list of self-sustaining athletic departments (new window). note, i don't see mizzou on that list. that's why schools have student fees and other shiat to transfer cash to the athletic department. never mind the lost tax revenue since donations to those "not for profit" athletic departments are tax-deductible. i'm not saying that funding college athletics is bad, but let's not pretend that college athletics are self-sustaining.


In August 2010, Missouri and Texas were 2 of 14 profitable athletic departments and the only two in the Big 12.. Mizzou achieved it by improving at most sports and being incredibly frugal and aggressively paying down their debt. The numbers may have changed some since then, but not by much. The Big 12 payouts have increased and Mizzou AD takes no money from the university, instead depending on capital fund projects. The University will incur no cost from the move, only the athletic department.
 
2012-02-29 08:22:10 PM

TheWhoppah: Texas and OU could offer to join the SEC on the condition that A&M and Mizzou are kicked out.
The SEC would take that deal.


Joking aside, the SEC is one of the few entities that doesn't have to take crap from Texas. If Texas wants in, it's on Mike Slive's terms.
 
2012-02-29 10:01:25 PM
To bluenote13 on you comment about adding "top 20 markets" with St. Louis and KC:

Ummmmm, you might want to check your facts.

http://www.stationindex.com/tv/tv-markets

St. Louis is 21.
KC is 31
And you split those audiences. I have yet to see anything that says CBS/ESPN will pay 40+M in a renegotiated contract so that all SEC members will still get the same payout
 
2012-02-29 10:55:01 PM

OldsmoBuick: To bluenote13 on you comment about adding "top 20 markets" with St. Louis and KC:

Ummmmm, you might want to check your facts.

http://www.stationindex.com/tv/tv-markets

St. Louis is 21.
KC is 31
And you split those audiences. I have yet to see anything that says CBS/ESPN will pay 40+M in a renegotiated contract so that all SEC members will still get the same payout


There is no way the SEC would have expanded if it resulted in reduced payouts. The schools would have revolted. The conference did it's due diligence with the networks before they accepted anyone, just as the Big Ten did, just as the ACC did. The SEC dominated the ratings last year with 4.5 million viewers per telecast, 1.2 million more than second place Big Ten. The Big 12 was 4th. Of course the media companies will pay for it, just as they'll likely overpay for the Big 12 in a few years. Sports is one of the few tv events people watch live, which means they aren't dvr'ing through the commercials. Advertisers have been willing to overpay for years (see the Super Bowl). Plus, if the negotiations include the formation of an SEC Network, the payouts become even bigger.

If the SEC doesn't come away with at least $20 million per school, Mike Slive should be fired and replaced by Dan Beebe.
 
2012-02-29 11:58:06 PM
Mentat:There is no way the SEC would have expanded if it resulted in reduced payouts. The schools would have revolted. The conference did it's due diligence with the networks before they accepted anyone, just as the Big Ten did, just as the ACC did. The SEC dominated the ratings last year with 4.5 million viewers per telecast, 1.2 million more than second place Big Ten. The Big 12 was 4th. Of course the media companies will pay for it, just as they'll likely overpay for the Big 12 in a few years. Sports is one of the few tv events people watch live, which means they aren't dvr'ing through the commercials. Advertisers have been willing to overpay for years (see the Super Bowl). Plus, if the negotiations include the formation of an SEC Network, the payouts become even bigger.

If the SEC doesn't come away with at least $20 million per school, Mike Slive should be fired and replaced by Dan Beebe.


Your last comment, I agree with. But my whole point was the $20M figure being thrown around is NOT guaranteed. MU and A&M might get it, but when all monies are in and all costs are subtracted, the schools might not come out as they expected. I don't hate MU for causing the divorce, I just want to add "Be careful what you ask for..."
 
2012-03-01 03:14:48 AM

Mentat: A Fark Handle: it hasn't been in the black for years. turns out except for a few schools (~15-25 depending on the year) most athletic departments cost the school money. list of self-sustaining athletic departments (new window). note, i don't see mizzou on that list. that's why schools have student fees and other shiat to transfer cash to the athletic department. never mind the lost tax revenue since donations to those "not for profit" athletic departments are tax-deductible. i'm not saying that funding college athletics is bad, but let's not pretend that college athletics are self-sustaining.

In August 2010, Missouri and Texas were 2 of 14 profitable athletic departments and the only two in the Big 12.. Mizzou achieved it by improving at most sports and being incredibly frugal and aggressively paying down their debt. The numbers may have changed some since then, but not by much. The Big 12 payouts have increased and Mizzou AD takes no money from the university, instead depending on capital fund projects. The University will incur no cost from the move, only the athletic department.


yeah, the school is totally not paying for this. i mean, other than the $2.7 million in direct subsidies and the $13.5 million in donations (new window) that could have been spent on non-athletics goal (granted some of that might not have come in without the athletic teams) there was zero cost to the university.

/mizzou doesn't belong.
 
2012-03-01 11:35:06 AM
One might thinks these schools exist only to support sports teams.
 
2012-03-01 02:49:26 PM

A Fark Handle: yeah, the school is totally not paying for this. i mean, other than the $2.7 million in direct subsidies and the $13.5 million in donations (new window) that could have been spent on non-athletics goal (granted some of that might not have come in without the athletic teams) there was zero cost to the university.


University subsidies are one thing, but the vast majority of those donations would never be made if the athletics program didn't exist.
 
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