Saturday, July 25, 2020

John Swofford still the biggest BETA CUCK in all of sports


For those that don't know:

"ACC presidents are likely to decide Wednesday how and if the league can plan for fall sports during a global pandemic, and among the primary options are a 10-plus-1 and 8-plus-1 football schedule, both of which could include Notre Dame and make the Fighting Irish eligible for the ACC title game."

So full membership privileges without joining the ACC in football.

FSU fans finally seeing the truth (took them way too long).  FSU won't be in the ACC in 20 years.  Sadly, it will be stuck in the ACC for a good part of that.  But even the most brain washed of FSU fans is now seeing the ACC is a waste of a conference.

Simply no benefit to FSU as a football program.  


https://rubbingtherock.com/2020/07/25/john-swofford-acc/

John Swofford is letting the ACC down yet again


Reports came out Friday that the ACC would allow a “no strings attached” option for Notre Dame in 2020 that would provide them with a full ACC schedule and allow them to be eligible for the ACC championship game.
John Swofford announced his retirement a little over a month ago effective the end of the 2020-2021 athletic calendar. He will have served as the ACC commissioner for 24 years when he finally steps down and it cannot come soon enough.
We all know other than UNC and Duke, Swofford has never cared about the ACC in general. Everything he has done over his two decades of service has benefitted the UNC and Duke Basketball programs and not much of anything else.
Giving Notre Dame a pass for 2020 truly shows how little Swofford cares for the programs that give everything they have to conference and wave the conference flag every year – whether they are good or bad.
If the ACC was ever going to have the bargaining power to force Notre Dame into the conference fulltime, it is right now. The Irish know that if they are unable to play a conference schedule in 2020, they have zero chance at the College Football Playoffs in 2020 and Swofford should be using that to his advantage.




https://richmond.com/sports/college/teel-notre-dame-the-most-intriguing-subplot-as-acc-starts-assembling-a-football-schedule/article_0c19ed90-28fb-57b2-b592-d0d8280a9252.html

As Duke coach David Cutcliffe said earlier this month when I asked him if Notre Dame should be included in the conference’s scheduling plans this season: “If they’re willing to share their [NBC] money, sure. You don’t get something for nothing. I would welcome them as a coach to be a part of ACC football.”

https://floridastate.forums.rivals.com/threads/don%E2%80%99t-care-for-a-dog-however-he-is-right.294195/


ACC Revenue issues and FSU leadership have FSU Athletics looking out over a cliff...




https://www.newsobserver.com/sports/spt-columns-blogs/luke-decock/article244461752.html

"According to documents reviewed by USA Today, the Big Ten distributed an average of $56 million to its 14 established members, the SEC distributed an average of $45 million, the Big 12 an average of $38 million and the Pac-12 an average of $32 million."

https://floridastate.forums.rivals.com/threads/fsu%E2%80%99s-2018-2019-revenue.294008/

Yeah, so that USA Today database is tricky because not every school does their accounting the same way. And if you just go by the total numbers, it can be deceiving.

But of that $150 million in revenue, $8.4 million came in student fees and $7.2 million in "school funds" that they received from the university. And $40 million came from donors.

So more than $55 million was not what you typically would consider "revenue." But that's how the NCAA counts it.

And that $15.6 million -- student feeds and school funds combined -- is what helped FSU break even on paper.

About $20 million came from ticket sales (which is about $5-$6 million less than they want it to be. It was $25-26 million a few years earlier.) Just over $57 million came from "rights and licensing" and almost $19 million came from "other."

Hope that helps.

If it's the same story I saw, it was a bit misleading. As Ira noted, taking money from sources like the Seminole Boosters to stay afloat should not be considered "revenue" but guess that's how the NCAA looks at it, and how it was reported in the story.

Here's the latest story with real numbers on where FSU athletics stands financially: Schoffel: Before COVID, wild spending already put college sports in peril



https://floridastate.n.rivals.com/news/five-takes-settling-into-fsu-s-new-financial-reality

The writing has been on the proverbial wall for a few years. Florida State athletics is mired in a financial bear market with no end in sight.
Even before the coronavirus pandemic, the Seminoles were struggling to make ends meet -- with Seminole Boosters being forced to liquidate assets to shore up the budget. And while the financials for the 2019-20 academic year have not yet been released, the projected losses for that year are expected to be worse.
This is largely due to another disappointing football season and the cancellation of spring sports. Making matters worse, the ACC continues to produce far less revenue than several other Power 5 conferences. And with limited or no fans in the stands this coming football season due to concerns about the virus, FSU’s coffers will almost certainly be in the red for 2020-21.
During a recent Board of Trustees meeting, it was reported that FSU could face estimated athletic department losses of $27 million for the fall and spring semesters the coming year. That is on top of $4 million in estimated losses due to 2020 spring sports cancellations.
How can Seminole athletics survive this uncertain future? Here are some thoughts on FSU’s new financial reality and what the long-term ramifications could be for football and athletics overall.



Friday, July 24, 2020

Blue Blood programs?




Wednesday, July 22, 2020

Sunday, July 19, 2020

FSU 1990s Blast from the Past

Funny follow up on an old factoid from Hokie Mark at accfootballrx.blogspot.com


ACC College Gameday Numbers




Thursday, July 16, 2020

FSU Athletics 2019 Financial #s


https://www.tallahassee.com/story/sports/college/fsu/2020/07/16/florida-state-athletics-revenue-expenses-revealed-2019-fiscal-year/5449837002/

The Florida State athletic department spent just over $150 million on its teams during the 2019 fiscal year, according to documents obtained by USA TODAY in partnership with Syracuse University’s S.I. Newhouse School of Public Communications.
The athletic department generated a revenue of just over $152 million. It's the fifth time in the last six years that FSU has generated more total revenue than the department has spent. 
The athletic revenue was the 12th highest in college football in 2019 and highest in the ACC. The next closest ACC program was Louisville at just under $140 million.
FSU finished as the second highest athletic department in total revenue in the state behind No. 9 Florida, which generated nearly $160 million. Miami is a private school and does not release financial information.
The athletic department had two programs that made money during the 2019 fiscal year. 
The football program generated nearly $71.5 million in revenue in 2019 with a total of almost $47.5 million in expenses. The men's basketball program generated just over $15 million in 2019 with $12.3 million in operating expenses.
Baseball was the only other program that generated more than $5 million in revenue ($5.1 million), but had over $6.6 million in operating expenses.
The overall recruiting budget for the FSU athletic department was 15th most across reporting athletic departments in college football during the 2019 fiscal year.
Georgia had the highest overall recruiting budget at nearly $5.2 million. Clemson was sixth at nearly $3.3 million. In-state rival Florida came in just behind FSU at No. 16 with just over $2.5 million spent on recruiting.
FSU's football recruiting was on the higher end as well. UGA spent the most on football recruiting at nearly $3.7 million. In the ACC, Clemson led the way with just over $2.2 million in football recruiting spending. UF spent nearly $1.3 million on recruiting. The numbers listed came from documents provided by the universities.
FSU spent nearly $3.3 million in 2017 on recruiting with $2.3 million of that coming from football. 

https://247sports.com/college/florida-state/board/36/Contents/2019-fsu-athletic-financial-numbers-are-in-149230905/



Interesting data, for the fiscal year ending September 30, 2019:
Revenue = $152MM, down $15MM+ from $168M in 2018
Operating expenses = $150MM, down from $158MM in 2018....note the "cushion" between total revenue and expenses got much thinner in 2019 (from basically $10MM to $2MM).
Major revenue Sources: Boosters/donations ($40MM); media rights ($30MM); ticket sales ($20MM, down $4MM from 2018); ACC payments other than media ($6.7MM, of which $4.9MM came from bowl revenue); NCAA distribution ($4.5MM).
Only football and basketball were profitable (football and men's basketball)....football generated a profit of $24MM, while men's hoops generated a profit of $2.7MM...all of the other programs, collectively, diminished that gross ~$27MM profit to only $2MM.
Overall, the numbers are not as bad as some might have expected. But it is important to note that things are generally down-trending since fiscal 2018, and the real hardship is likely to be "this" (2020) fiscal year (which closes in only 75 more days). This 2020 and 2021 math both get REALLY ugly if football does not replicate its 2019 performance, which, right now, seems highly unlikely. Interesting times.


 Baseball lost $1.4MM. 
Softball lost about $400,000 (revenue minus expenses). 
Women's basketball lost around $1.8MM. 
Men's and Women's track lost around $2.6MM.