FSU hasn’t been happy since when the BIG 12 first realigned— looks like they are getting even more serious about leaving now:
excerpts:
Factor in everything else that goes into conference payouts, and Alford said FSU faces a $30 million annual gap that might extend more than a decade.
“At the end of the day, if something’s not done, we cannot be $30 million behind every year compared to our peers,” Alford (FSU AD) said.
and this nugget:
One trustee asked if a buyout to leave the ACC was “even feasible.”
“That is an excellent question,” answered Carolyn Egan, FSU’s vice president for legal affairs and general counsel.
Egan said the ACC’s exit fee is three times its annual operating budget. That equals about $120 million.
If FSU could make up $30 million per year, a trustee asked, does that mean the Seminoles would break even in about four years?
“Hypothetically,” Alford said.
FSU fires warning shot to ACC: ‘Something has to change’
FSU fires warning shot to ACC: ‘Something has to change’
A trustee asked whether a buyout to leave the ACC was feasible. The answer wasn’t “no.”
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excerpts:
Factor in everything else that goes into conference payouts, and Alford said FSU faces a $30 million annual gap that might extend more than a decade.
“At the end of the day, if something’s not done, we cannot be $30 million behind every year compared to our peers,” Alford (FSU AD) said.
and this nugget:
One trustee asked if a buyout to leave the ACC was “even feasible.”
“That is an excellent question,” answered Carolyn Egan, FSU’s vice president for legal affairs and general counsel.
Egan said the ACC’s exit fee is three times its annual operating budget. That equals about $120 million.
If FSU could make up $30 million per year, a trustee asked, does that mean the Seminoles would break even in about four years?
“Hypothetically,” Alford said.