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Reports say Florida State's in talks with JP Morgan Chase about financial options...
Posted on 8/7/23 at 10:53 am
Posted on 8/7/23 at 10:53 am
...in order to get out of the ACC and pay for the grant of rights exit fees.
This would be a way out for schools wanting to leave the ACC, albeit having to repay the loan+interest. However, going into the SEC (should FSU be accepted) would more than pay for it in just a few years, I'm sure.
Per 247Sports, Duke will not leave unless the ACC definitely breaks apart.
Wake Forest wants to stay....Virginia Tech is willing to leave the ACC; report says both UVA & VT would go together wherever; President of VT went to Purdue and may push to go to the Big 10 if ACC falls apart.
My personal prediction: Florida State/Clemson/North Carolina/NC State to the SEC (eventually).
This would be a way out for schools wanting to leave the ACC, albeit having to repay the loan+interest. However, going into the SEC (should FSU be accepted) would more than pay for it in just a few years, I'm sure.
Per 247Sports, Duke will not leave unless the ACC definitely breaks apart.
Wake Forest wants to stay....Virginia Tech is willing to leave the ACC; report says both UVA & VT would go together wherever; President of VT went to Purdue and may push to go to the Big 10 if ACC falls apart.
My personal prediction: Florida State/Clemson/North Carolina/NC State to the SEC (eventually).
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Posted on 8/7/23 at 10:55 am to JetDawg
Please stop.
Posted on 8/7/23 at 10:57 am to JetDawg
That would be interesting. I would hope the SEC would take Miami and Tech too. I don't want the B1G in this deep into the sough. frick them
Posted on 8/7/23 at 10:57 am to JetDawg
quote:
President of VT went to Purdue and may push to go to the Big 10 if ACC falls apart.
That could be a motivator, but it’s hard for me to see that since a guy went to a big10 school, that it will be the catalyst to put them over.
And I’m not even saying that IS your argument. You’re just relaying the info.
But it Comes down to more numbers and a fit, than anything else.
Posted on 8/7/23 at 10:59 am to JetDawg
quote:
Wake Forest wants to stay....
Hilarious.
Wake Forest is literally just along for the ride, hoping it actually makes it back safely instead of fiery destruction
Posted on 8/7/23 at 11:04 am to JetDawg
Would have been much cheaper to join in the early 90s. At least Bowden admitted he was scared. 
Posted on 8/7/23 at 11:04 am to JetDawg
What financial option?
The grant of rights isn't a dollar amount. It means that the ACC owns their television rights. Period. It's not like they could take a loan to pay an exit fee. It's not a dollar amount. Simply put they own the rights to make TV contracts for FSU games. The SEC wouldn't get that if FSU leaves the ACC unless a special deal can be reached. FSU home games would still be televised under the ACC contract and the ACC would make the money off of them. They wouldn't have to pay any of it to FSU if they leave though.
The grant of rights isn't a dollar amount. It means that the ACC owns their television rights. Period. It's not like they could take a loan to pay an exit fee. It's not a dollar amount. Simply put they own the rights to make TV contracts for FSU games. The SEC wouldn't get that if FSU leaves the ACC unless a special deal can be reached. FSU home games would still be televised under the ACC contract and the ACC would make the money off of them. They wouldn't have to pay any of it to FSU if they leave though.
Posted on 8/7/23 at 11:05 am to JetDawg
I just don’t understand how any school escapes the ACC in the near future without the entire conference dissolving. The cost and risk to any individual school is too prohibitive.
This only happens if enough ACC schools have landing spots in the B1G, Big 12, and SEC that they can vote to dissolve the ACC. Then the grant of rights is no longer a concern.
So you’d realistically need the B1G to take two ACC schools, the Big 12 to take four, and the SEC to take four, plus Notre Dame agreeing to kill the conference. It’s plausible, but the level of coordination that would take seems unlikely. And there are still potential legal hurdles even if this happened.
Edit: Hypothetically, I assume it would play out like this:
B1G adds: Miami, Virginia
Big 12 adds: Georgia Tech, Louisville, NC State, Pitt
SEC adds: Florida State, Clemson, North Carolina, Virginia Tech
Notre Dame is truly independent again.
Boston College, Duke, Syracuse, and Wake Forest cry in the corner with the PAC-4 schools.
This only happens if enough ACC schools have landing spots in the B1G, Big 12, and SEC that they can vote to dissolve the ACC. Then the grant of rights is no longer a concern.
So you’d realistically need the B1G to take two ACC schools, the Big 12 to take four, and the SEC to take four, plus Notre Dame agreeing to kill the conference. It’s plausible, but the level of coordination that would take seems unlikely. And there are still potential legal hurdles even if this happened.
Edit: Hypothetically, I assume it would play out like this:
B1G adds: Miami, Virginia
Big 12 adds: Georgia Tech, Louisville, NC State, Pitt
SEC adds: Florida State, Clemson, North Carolina, Virginia Tech
Notre Dame is truly independent again.
Boston College, Duke, Syracuse, and Wake Forest cry in the corner with the PAC-4 schools.
This post was edited on 8/7/23 at 11:13 am
Posted on 8/7/23 at 11:07 am to JetDawg
quote:
with JP Morgan Chase about financial options
They gonna throw in the Nissan Altima also at 28% APR?
Posted on 8/7/23 at 11:08 am to JetDawg
quote:
My personal prediction: Florida State/Clemson/North Carolina/NC State to the SEC (eventually).
Yes. That would be a nice pickup. If Duke went to the Big 10 it would not only amplify the Duke-UNC rivalry, but the SEC-Big 10 that is already starting to brew.
Posted on 8/7/23 at 11:09 am to JetDawg
If they ask nicely the aggies would probably introduce them to some Al Queda funding.
Posted on 8/7/23 at 11:11 am to Serraneaux
quote:
Please stop.
You're kidding, right? Just wait till we rock you all AGAIN in obKnoxiousville.
Posted on 8/7/23 at 11:17 am to JetDawg
I thought Bobby Bowden was one heck of a football coach but he really missed the boat when he elected to go to the ACC rather than the SEC.
As I understand it the invitation was there for the taking but he could not pull the trigger. The FSU fans always say they did not have a formal invitation to the SEC. Of course not, the invitation would not be issued unless the powers that be knew they were going to accept it.
Of course no one could look forward all these many years down the road and see what would be happening to college football.
As I understand it the invitation was there for the taking but he could not pull the trigger. The FSU fans always say they did not have a formal invitation to the SEC. Of course not, the invitation would not be issued unless the powers that be knew they were going to accept it.
Of course no one could look forward all these many years down the road and see what would be happening to college football.
Posted on 8/7/23 at 11:20 am to MontyFranklyn
quote:
I would hope the SEC would take Miami and Tech t
scUM is a better fit joining UCFcc in the Little 12.
Posted on 8/7/23 at 11:22 am to JetDawg
“You might want to wait until you get half to leave before you’d want to pay that buyout”
-JPMorgan CFA
-JPMorgan CFA
Posted on 8/7/23 at 11:23 am to UFMatt
Miami, FSU, Clemson jump to the SEC. The SEC really then becomes a division of CFB of its own.
Posted on 8/7/23 at 11:33 am to MontyFranklyn
Are the other ACC schools financially capable of paying the buyouts to leave the conference? Just wondering since FSU's looking for outside loan options to leave.
Posted on 8/7/23 at 11:38 am to RT1941
quote:
Are the other ACC schools financially capable of paying the buyouts to leave the conference? Just wondering since FSU's looking for outside loan options to leave.
I think so. FSU has had financial issues for years now which is why they really can't afford to stay put.
Posted on 8/7/23 at 11:40 am to Shaft Williams
Miami isn't saying much but they are the more likely Florida school to go to the B10. Miami is also an AAU member school.
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