O/U on sips that will touch this thread: 1
$31,070,000 per school ($455 MM Total SEC)
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Last: 8 yr ago by firethewagonup
quote:
O/U on sips that will touch this thread: 1
I will predict Cow at around 1:47 am.
quote:quote:
O/U on sips that will touch this thread: 1
I will predict Cow at around 1:47 am.
I'll say it's closer to 3am
Poor Randy. Dude has had his favorite two delusional narratives completely exposed in the same week.
Ts and Ps for the Satterfield children who will now have to go through life fatherless.
Ts and Ps for the Satterfield children who will now have to go through life fatherless.
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)?
quote:Still clinging to that 15 million number eh?
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)?
You forgot to split that $15MM with the amount tu is contractually obligated to send to the academic side
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Uh oh. $31.07 x 14 = $434.98M. They added the SECN and made less?
Idiots still don't realize that the league office gets an equal cut, so it's 1/15
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And the money we got from SECN was less than half a year AND after absorbing start up costs.
Article states that SEC fiscal year ends on August 31st. Wouldn't that mean SECN Network revenues for the period September 1, 2014 thru August 31, 2015 are included in the estimate? Looks to me like the number includes the first full year of the SECN. Am I missing something?
owned by technology, dbl post
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
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You forgot to split that $15MM with the amount tu is contractually obligated to send to the academic side
There is a payout to another outside entity as well. Whoever used to manage their T3 rights in the past.. can't recall?
That's a lot of lettuce...wasn't the projection 24 mil?
Samuel E. Cronkowitz
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IMG gets something like 20% LHN rake.
So, for those not keeping up, the Vanderbilt AD gets more TV money than the Sip AD.
quote:Was it IMG?quote:
You forgot to split that $15MM with the amount tu is contractually obligated to send to the academic side
There is a payout to another outside entity as well. Whoever used to manage their T3 rights in the past.. can't recall?
quote:
quote:
Uh oh. $31.07 x 14 = $434.98M. They added the SECN and made less?
Idiots still don't realize that the league office gets an equal cut, so it's 1/15
The league gets an equal share of the SECN network money only. The rest is withheld off the top, then it gets split among the schools.
Also, there's about $20MM that was withheld for bowl distributions. So add about another million to that $31.07MM.
To put this in perspective for the Big XII:
Last year 2014:
And this year, just north of $250,000,000. But remember this, the CFP pays a guaranteed $50 million to each P5 conference. The Big XII added roughly $8 million for the actual bowl appearances for a total CFP bowl payout of $58 million to the Big XII, an increase in bowl revenue for 2014, courtesy of the new system. (By comparison, the SEC received $87.5 million.)
And distributions went up $37 miilion, give or take. Guess that "One True Champion" ad campaign set them back a pretty penny, or the league office is hoarding cash.
Last year 2014:
quote:
A little further west, the Big 12 announced that it distributed $213 million to its member institutions. As this conference has just 10 members, and just eight of them receive full shares, that octet actually trumped the SEC at $23 million per school. Newer members TCU and West Virginia received "just" $14 million apiece.
For the 2012-13 fiscal year, the Big 12 distributed $198 million.
And this year, just north of $250,000,000. But remember this, the CFP pays a guaranteed $50 million to each P5 conference. The Big XII added roughly $8 million for the actual bowl appearances for a total CFP bowl payout of $58 million to the Big XII, an increase in bowl revenue for 2014, courtesy of the new system. (By comparison, the SEC received $87.5 million.)
And distributions went up $37 miilion, give or take. Guess that "One True Champion" ad campaign set them back a pretty penny, or the league office is hoarding cash.
The league is likely hoarding some cash, but not all of it. The grand takeaway from this is the BDF owes most of its revenue increase to the CFP payout, and that's it. They won't get that kind of bump next year.
quote:What year does TCU and WVU get full-shares? Their per team distribution will be even lower!
The league is likely hoarding some cash, but not all of it. The grand takeaway from this is the BDF owes most of its revenue increase to the CFP payout, and that's it. They won't get that kind of bump next year.
I predict the sips will hire an army of private investigators to dig up any and all dirt on our athletics program.
quote:2016 season. They'll receive 85% this year. IIRC.quote:What year does TCU and WVU get full-shares? Their per team distribution will be even lower!
The league is likely hoarding some cash, but not all of it. The grand takeaway from this is the BDF owes most of its revenue increase to the CFP payout, and that's it. They won't get that kind of bump next year.
Bonfire, let's not assume that they are actually meeting their benchmarks and getting their full payment.
quote:Yep. Of course they received BCS bowl money every year before, so it isn't fair to say the entire $58 million is "new revenue" but it is a sizeable increase. One that would be expected to boost the per team distribution accordingly. (It's kind of difficult to see at first look because of TCU and WVU getting partial shares, inflates the other 8 teams' distributions.)
The league is likely hoarding some cash, but not all of it. The grand takeaway from this is the BDF owes most of its revenue increase to the CFP payout, and that's it. They won't get that kind of bump next year.
God the Big 12 is so fuucking pathetic.
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.
In. Burn baby burn!!
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Big XII payouts will taper (to ut) next year at a rate greater than the LHN escalation.
They'll be going backwards next year.
The SECN will very likely contribute significantly more to the SEC revenue pool next year than this year.
We'll (along with the remainder of the SEC) be going forward next year.
Another microcosm of the stark differences between the two conferences.
They'll be going backwards next year.
The SECN will very likely contribute significantly more to the SEC revenue pool next year than this year.
We'll (along with the remainder of the SEC) be going forward next year.
Another microcosm of the stark differences between the two conferences.
So let me see if I understand this correctly, with the exception of Texas who will have LHN payouts, everyone's share in the Big 12 will stale out next year, because TCU and WVU's shares increase, and they have no new revenue outside of current contracts.
Meanwhile, in the SEC, SEC Network payouts are only going to increase, and the CBS contract is actually undervalued because it's 5-10 years old.
My god, what have we done? Clearly Big 12 was the right call.
Meanwhile, in the SEC, SEC Network payouts are only going to increase, and the CBS contract is actually undervalued because it's 5-10 years old.
My god, what have we done? Clearly Big 12 was the right call.
Mean while, at the shag, spin, spin, spin. The sips have had a lot of practice in their spin machine and Delorean trips these last few years.
I have a feeling that it will continue for a very long time.
I have a feeling that it will continue for a very long time.
quote:This where it gets confusing. Is the conference's share deducted before the distribution amount is announced??
It means they divide the $250 Million by 11, as the Big 12 office gets a full share...
Are Big 12 fans still courting LSU and Arkansas?
quote:Would the conference really want to reduce the total revenue announcement? Especially when getting compared to the mighty SEC?quote:This where it gets confusing. Is the conference's share deducted before the distribution amount is announced??
It means they divide the $250 Million by 11, as the Big 12 office gets a full share...