quote:Unsustainable. It'll only be 20% next year stupid agieisiesies!!!!
48% increase year-over-year. Is that good?
$31,070,000 per school ($455 MM Total SEC)
31,139 Views |
220 Replies |
Last: 8 yr ago by firethewagonup
Not to mention Bill Powers telling Steve Patterson that the Academic portion will continue into perpetuity.
BTW, when does the NCAA investigation ramp up? I fully expect the entire conference to be under the microscope now.
The terms "average" and "gross" when applied to revenue are definitely NOT in any horn lexicon.
quote:Not only that BDF fans, tu screwed over their conference mates to make the extra $5M. That's right, they sold their pathetic little souls to get every edge possible.quote:(edit)
If the Big 12 is distributing $250 million, then does that mean tu gets $25 million plus its $15 million from ESPN for the LHN ($40 million total)?
Sips always throw the $15M around. IMG gets a 14% share, so that's an average annual income of $12.9 not $15M. For the first 5 years (at least) the resulting net is split with the academic side. That leaves in the neighborhood of $6.5M average. Congrats.
Technically the $15M thrown around is only an average gross payout over the 20 year period. For the Belmont receipt side, the contract starts in Y1 at $10.8M with a 3% annual increase. So with that, by year 4 ('14-'15) the gross payout is at $11.8M. These are documented.
Contract
So $11.8M less IMG's 14% = $10.1M split with the academic side = $5M. Thus this year is closer to $25M-ish + $5M = $30M to the AD.
Of the $25M average payout, some goes to the B12 offices, but more is distributed to full members by giving WV & TCU their initiation screw. If the B12 office gets a full share, and TCU/WV only get 85%, that adjusts the net conference income to $23.4M ($250M / 11 plus TCU/WV 15% withheld distributed 10 ways at $681k).
$23.4M + 5M = $28.4M total.
And they're still making less than Vandy!
quote:
Is there even one poster on the shag that doesn't have a double digit IQ? Good lord they are some dumb mother****ers.
Ya there are plenty with single digits, give them some credit man
quote:Bowelmount is doing their calculations and will let us know very soon...
48% increase year-over-year. Is that good?
quote:Please point out anywhere in that article where it says TEXAS doesn't receive $15M. This only talks about ESPN's return on their investment. Please don't post articles if you cant understand them...quote:quote:You do realize that was 3 years ago and those numbers were prorated for that year only?quote:quote:Incorrect. ESPN pays Texas $15M every year. $1.5M goes to IMG, $5M goes to the school (for the first 5 years of the deal) and the athletic department takes in $8.5.quote:Nope. It means they divide the $250 Million by 11, as the Big 12 office gets a full share...LOL. That equals $22.72 Million. Then the LHN pays the University of Texas around $12 Million in 2015 per the schedule. Of the $12 Million, about $1.5 Million goes to IMG, which leaves the University with $10.5 Million, which it will split evenly between Academics and Athletics. Therefore, the Texas Athletic Department will get a total of $28 Million from its conference and its tv money.
If the Big 12 is distributing $250 million, then does that mean tu gets $25 million plus its $15 million from ESPN for the LHN ($40 million total)?
POOR EFFING TSIPS
I suggest you go read this.
http://texags.com/forums/6/topics/2204274
Then let us fast forward to 2014, shall we?
http://www.forbes.com/sites/chrissmith/2014/03/04/longhorn-network-scores-major-victory-with-dish-network-carriage-deal/quote:
Securing wider distribution is key for ESPN, particularly because its rights fee increases by 3% annually, which means its LHN investment will only become more expensive. ESPN owes around $11.65 million this year, and its rights fee will surpass the $15 million average payout within the decade.
You won't see $15MM until at least 2020, and that is due to the 3% annual escalation. In order to get to a value of $300MM AT THE END OF THE CONTRACT, (because that is what the $300 is based on), and given a 3% escalation over 20 years, paid quarterly at the beginning of each quarter, the total year 1 revenue has to be around $10.9MM, which is exactly what is stated in the contract.
For the dimwit sips that won't read that, $15MM doesn't happen until at least 2020.
Get ready guys this is only the beginning. This is the closest the sips will be money wise with Vandy for a long time. Thus why Patterson is exploring new sources of income, I.e. pesos and whatever currency Dubai uses.
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.
quote:How about you read the ****ing contract that texas has with ESPN. Page 17 in particular.quote:Please point out anywhere in that article where it says TEXAS doesn't receive $15M. This only talks about ESPN's return on their investment. Please don't post articles if you cant understand them...quote:quote:You do realize that was 3 years ago and those numbers were prorated for that year only?quote:quote:Incorrect. ESPN pays Texas $15M every year. $1.5M goes to IMG, $5M goes to the school (for the first 5 years of the deal) and the athletic department takes in $8.5.quote:Nope. It means they divide the $250 Million by 11, as the Big 12 office gets a full share...LOL. That equals $22.72 Million. Then the LHN pays the University of Texas around $12 Million in 2015 per the schedule. Of the $12 Million, about $1.5 Million goes to IMG, which leaves the University with $10.5 Million, which it will split evenly between Academics and Athletics. Therefore, the Texas Athletic Department will get a total of $28 Million from its conference and its tv money.
If the Big 12 is distributing $250 million, then does that mean tu gets $25 million plus its $15 million from ESPN for the LHN ($40 million total)?
POOR EFFING TSIPS
I suggest you go read this.
http://texags.com/forums/6/topics/2204274
Then let us fast forward to 2014, shall we?
http://www.forbes.com/sites/chrissmith/2014/03/04/longhorn-network-scores-major-victory-with-dish-network-carriage-deal/quote:
Securing wider distribution is key for ESPN, particularly because its rights fee increases by 3% annually, which means its LHN investment will only become more expensive. ESPN owes around $11.65 million this year, and its rights fee will surpass the $15 million average payout within the decade.
You won't see $15MM until at least 2020, and that is due to the 3% annual escalation. In order to get to a value of $300MM AT THE END OF THE CONTRACT, (because that is what the $300 is based on), and given a 3% escalation over 20 years, paid quarterly at the beginning of each quarter, the total year 1 revenue has to be around $10.9MM, which is exactly what is stated in the contract.
For the dimwit sips that won't read that, $15MM doesn't happen until at least 2020.
$10,980,00 the first year with 3% increase per contract year
And Thorn even if tu gets all 15 million(which already pointed out is contractually impossible) there is no way they can keep pace with Vandy unless the projections for the SECN are way, way off.
Face it, Mr. Dodds screwed y'all.
You were Texas
Face it, Mr. Dodds screwed y'all.
You were Texas
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.
Does the Apple II you're reading this on not have a calculator app? Did you not read the percentages on the FOIA documents? The Texas athletic department gets 43% of the payout from LHN. 43% x $15 million will NEVER BE $15 million. Even if they are getting the full payout, the athletic department will never get over $6.45 million until ESPN turns a huge profit, which is a long way from happening. The $15 million number is and always has been a ruse.
quote:
Please point out anywhere in that article where it says TEXAS doesn't receive $15M. This only talks about ESPN's return on their investment. Please don't post articles if you cant understand them...
Uhhh, what do you think the rights fee being paid by ESPN references? You can't be this stupid. Can you?
quote:What does it matter if the AD doesn't it? Every other school's AD is getting the money talked about. Funds from the academic side of the house can't be used to fund athletics. So the only money Texas gets that's comparable is what the AD receives. Our AD and every other school's is getting that money discussed. Texas' isn't. If you comparing athletic department revenues, the only thing that matters is the portion the AD gets. What the academic side gets is irrelevant because it can't be used by athletics. So while we're adding $31M to our AD budget, Texas is only adding the portion that goes to their AD. They're now behind in that regard, and that's the point of no return. The gap will ONLY get wider every year from here forward. What about this are you having a hard time processing? It would be like you comparing income with someone and trying to use your business' total revenues vs. their salary. Once you take out expenses, i.e., the money from those revenues that has to go elsewhere and is of no use to you....what you're taking home looks a lot different doesn't it?quote:Please point out anywhere in that article where it says TEXAS doesn't receive $15M. This only talks about ESPN's return on their investment. Please don't post articles if you cant understand them...quote:quote:You do realize that was 3 years ago and those numbers were prorated for that year only?quote:quote:Incorrect. ESPN pays Texas $15M every year. $1.5M goes to IMG, $5M goes to the school (for the first 5 years of the deal) and the athletic department takes in $8.5.quote:Nope. It means they divide the $250 Million by 11, as the Big 12 office gets a full share...LOL. That equals $22.72 Million. Then the LHN pays the University of Texas around $12 Million in 2015 per the schedule. Of the $12 Million, about $1.5 Million goes to IMG, which leaves the University with $10.5 Million, which it will split evenly between Academics and Athletics. Therefore, the Texas Athletic Department will get a total of $28 Million from its conference and its tv money.
If the Big 12 is distributing $250 million, then does that mean tu gets $25 million plus its $15 million from ESPN for the LHN ($40 million total)?
POOR EFFING TSIPS
I suggest you go read this.
http://texags.com/forums/6/topics/2204274
Then let us fast forward to 2014, shall we?
http://www.forbes.com/sites/chrissmith/2014/03/04/longhorn-network-scores-major-victory-with-dish-network-carriage-deal/quote:
Securing wider distribution is key for ESPN, particularly because its rights fee increases by 3% annually, which means its LHN investment will only become more expensive. ESPN owes around $11.65 million this year, and its rights fee will surpass the $15 million average payout within the decade.
You won't see $15MM until at least 2020, and that is due to the 3% annual escalation. In order to get to a value of $300MM AT THE END OF THE CONTRACT, (because that is what the $300 is based on), and given a 3% escalation over 20 years, paid quarterly at the beginning of each quarter, the total year 1 revenue has to be around $10.9MM, which is exactly what is stated in the contract.
For the dimwit sips that won't read that, $15MM doesn't happen until at least 2020.
quote:Wow you're dense, we've pointed out documentation to what TEXAS receives in multiple places.quote:Please point out anywhere in that article where it says TEXAS doesn't receive $15M. This only talks about ESPN's return on their investment. Please don't post articles if you cant understand them...quote:quote:You do realize that was 3 years ago and those numbers were prorated for that year only?quote:quote:Incorrect. ESPN pays Texas $15M every year. $1.5M goes to IMG, $5M goes to the school (for the first 5 years of the deal) and the athletic department takes in $8.5.quote:Nope. It means they divide the $250 Million by 11, as the Big 12 office gets a full share...LOL. That equals $22.72 Million. Then the LHN pays the University of Texas around $12 Million in 2015 per the schedule. Of the $12 Million, about $1.5 Million goes to IMG, which leaves the University with $10.5 Million, which it will split evenly between Academics and Athletics. Therefore, the Texas Athletic Department will get a total of $28 Million from its conference and its tv money.
If the Big 12 is distributing $250 million, then does that mean tu gets $25 million plus its $15 million from ESPN for the LHN ($40 million total)?
POOR EFFING TSIPS
I suggest you go read this.
http://texags.com/forums/6/topics/2204274
Then let us fast forward to 2014, shall we?
http://www.forbes.com/sites/chrissmith/2014/03/04/longhorn-network-scores-major-victory-with-dish-network-carriage-deal/quote:
Securing wider distribution is key for ESPN, particularly because its rights fee increases by 3% annually, which means its LHN investment will only become more expensive. ESPN owes around $11.65 million this year, and its rights fee will surpass the $15 million average payout within the decade.
You won't see $15MM until at least 2020, and that is due to the 3% annual escalation. In order to get to a value of $300MM AT THE END OF THE CONTRACT, (because that is what the $300 is based on), and given a 3% escalation over 20 years, paid quarterly at the beginning of each quarter, the total year 1 revenue has to be around $10.9MM, which is exactly what is stated in the contract.
For the dimwit sips that won't read that, $15MM doesn't happen until at least 2020.
The "rights fee" as mentioned above is what ESPN owes Texas for the rights to the content. Yes, that is what a rights fee means.
Ultimately read the contract. <-----this is called a link. See, if you click on it, it will take you to another website. There you can see the contract! Neato! It states what gets paid out to TEXAS. Y1 payment to TEXAS is $10.98M with a 3% annual escalator. That cannot be disputed. IMG's share is 14% of this payment. Yea, I know...math is hard. So is reading.
The $15M number comes from $300M averaged over 20 years. (let me help: 300/20=15). That's why its usually referenced as "average" payout. Like the article above referenced. Here - maybe this will help you out: http://www.mathsisfun.com/mean.html
And that is gross - it doesn't take into account IMG's share nor the fact that it graduates annually by 3% from a starting point under $11M.
I'm beginning to feel bad for continuing to beat up on the simple-minded.
Don't we have more 3rd tier money from other contracts outside of the SEC Network? We have programs that run on FSSW.
this current crop of t-shirt sip goalies is easily the most dim-witted in the history of this board.
quote:
Don't we have more 3rd tier money from other contracts outside of the SEC Network? We have programs that run on FSSW.
Probably netted out in the payouts that ESPN / SEC made to all of the various T3 rights holders.
Who's got that frakking hilarious gif of Sumlin and Loftin as a coupla thugs, dressed in black, making it rain? That thing cracks me the hell up!
Whorn - I am impressed though, that's a lot of money to be paid for a **** product on all fields of play, fashion shows and a pet safari programs. Congrats for making money on pure bulls hit watched by 0.0001% of the population. Now just imagine if your school was relevant and in a good conference.
But wait, there's more!!
SEC announced official payouts of $31.2 million.
SEC announced official payouts of $31.2 million.
But, but, but, we are TEXAS and you are not!!!!!!
Suck it t.u. You sips are on a downward spiral, a spiral that we predicted three years ago, and you have not reached bottom yet.
And it is sweet!!!!!!
Suck it t.u. You sips are on a downward spiral, a spiral that we predicted three years ago, and you have not reached bottom yet.
And it is sweet!!!!!!
quote:
Whorn - I am impressed though, that's a lot of money to be paid for a **** product on all fields of play, fashion shows and a pet safari programs. Congrats for making money on pure bulls hit watched by 0.0001% of the population. Now just imagine if your school was relevant and in a good conference.
Impressive too is the sip home schedule with Iowa State, Kansas, Baylol, and TCU to name a few .... and Great away game venues as well. Lubbuck, Stillwater, Waco, Ames! So exciting!
I have also heard to rebut this argument that A&M gives money to the academic side from their athletic department as well. I am guessing this is BS?
quote:
I have also heard to rebut this argument that A&M gives money to the academic side from their athletic department as well. I am guessing this is BS?
Not contractually. If we net money, we do, but that is very different.
With a schedule like that, now would be the perfect time to hit the alumni up for more money. We need to keep up with Vandy and other unnamed non-rivals.
/Patterson
/Patterson
Should we warn Chuck? Or will he do what journalists do and ask/check a secondary source?
This might just lend a clue as to why the DMN is such a rag.
This might just lend a clue as to why the DMN is such a rag.
Madman
Joined:
Jan 19, 2001
Posts:
27,461
How long do you want to ignore this user?
quote:Yep. They're pretty much down to their kamikazis.
this current crop of t-shirt sip goalies is easily the most dim-witted in the history of this board.
Hood is abso-****ing-lutely clubbing baby seals today. Brutal to watch, folks.
Nah, let's just print it. It sounds right.
quote:
Money is just fine at WVU.
And NO ONE has more sources and their finger more on the pulse of all things WV Big12 than The Dud of West Virginia.
Granted, he probably knows WV details fairly well but his expansion tweets are pathologically delicious.
Granted, he probably knows WV details fairly well but his expansion tweets are pathologically delicious.
AeroAg2012
Was the final pitcher in game 3 Using an illegal substance?
in Billy Liucci's TexAgs Premium
14
AggieBucksJB
Was the final pitcher in game 3 Using an illegal substance?
in Billy Liucci's TexAgs Premium
14
Angry Beaver
Was the final pitcher in game 3 Using an illegal substance?
in Billy Liucci's TexAgs Premium
10
Aggball2010
Was the final pitcher in game 3 Using an illegal substance?
in Billy Liucci's TexAgs Premium
10
missinAggieland
Was the final pitcher in game 3 Using an illegal substance?
in Billy Liucci's TexAgs Premium
7
Bruce Almighty
Was the final pitcher in game 3 Using an illegal substance?
in Billy Liucci's TexAgs Premium
7
AgEngr12
Was the final pitcher in game 3 Using an illegal substance?
in Billy Liucci's TexAgs Premium
7
sealyag
Was the final pitcher in game 3 Using an illegal substance?
in Billy Liucci's TexAgs Premium
5
country
we just won 4 straight series against 4 ranked opponents.
in Billy Liucci's TexAgs Premium
5
Harry Stone
we just won 4 straight series against 4 ranked opponents.
in Billy Liucci's TexAgs Premium
5