Florida State officially leaving ACC?

[rcade]

FSU's lawsuit against the ACC is citing the "lack of football value" brought by SMU, Cal and Stanford, compared to the schools that other Power 4 conferences added.

I wouldn't be so sure that SMU joining the ACC is still an improvement for them. If FSU and the other big schools leave, the ACC could fall apart like the PAC-12. Then SMU is floating on a headboard in the Atlantic.

[Wag Tag]

2 hours ago, DentonStang said:

Even if FSU was successful, are you suggesting it's not a better conference than AAC?

I’m suggesting you’r one of the reasons. Clemson next.

[GMG_Dallas]

1 hour ago, VideoEagle said:

Interesting. If you believe SMU’s numbers, they could easily raise $575 million. SMU raised about $100 million in under a week. Yet Florida State, a much bigger football brand, says $572 is too severe a penalty and is suing to reduce the amount. This a a real “get your popcorn ready to watch” moment. 

Not to pick sides but SMU has nearly three times the endowment of Florida State. I'm sure Florida State could raise a ton of money for this but it's becoming increasingly apparent that if Florida State had F.U. money, they would have already left the ACC. The truth is, they do not have that kind of money.

[Aquila_Viridis]

Unfortunately $mu will be fine in any event; they are committed to it. For example, a diluted ACC will still be a better conference than American. And they probably provided they can renegotiate their concessions in the event of such material adverse changes. In other news, maybe it will make sense for us to join the reformed PAC 12.

[emmitt01]

23 minutes ago, GMG_Dallas said:

Not to pick sides but SMU has nearly three times the endowment of Florida State. I'm sure Florida State could raise a ton of money for this but it's becoming increasingly apparent that if Florida State had F.U. money, they would have already left the ACC. The truth is, they do not have that kind of money.

Ooooor, perhaps FSU knows that their seat at the adult table is a given and they're suing from a position of wanting the best deal possible.   They don't have to do anything desperate just to get the cool kids to play with them.

[GMG_Dallas]

20 minutes ago, emmitt01 said:

Ooooor, perhaps FSU knows that their seat at the adult table is a given and they're suing from a position of wanting the best deal possible.   They don't have to do anything desperate just to get the cool kids to play with them.

They have a seat at the big table off brand name, sure, but it's a fact that they aren't nearly as well-off financially as the other big money schools. Might surprise some but they actually have the second smallest endowment of any ACC school narrowly edging out Louisville. They'll always have a seat saved for them at the big boy table thanks to their brand but right now, unless they can slash the cost to leave the ACC by a significant margin and/or the big boosters band together, I really doubt they're financially capable of leaving the ACC.

[Hunter Green]

1 hour ago, rcade said:

FSU's lawsuit against the ACC is citing the "lack of football value" brought by SMU, Cal and Stanford, compared to the schools that other Power 4 conferences added.

I wouldn't be so sure that SMU joining the ACC is still an improvement for them. If FSU and the other big schools leave, the ACC could fall apart like the PAC-12. Then SMU is floating on a headboard in the Atlantic.

Let's hope so.

[DentonStang]

2 hours ago, GMG_Dallas said:

And when they're all gone, SMU can play football with Syracuse who USF just blew out 45-0 yesterday in their bowl game.

6-6 teams tend to do poorly when they have to play their TE at QB much of the game. What's your point?

[DentonStang]

1 hour ago, rcade said:

FSU's lawsuit against the ACC is citing the "lack of football value" brought by SMU, Cal and Stanford, compared to the schools that other Power 4 conferences added.

I wouldn't be so sure that SMU joining the ACC is still an improvement for them. If FSU and the other big schools leave, the ACC could fall apart like the PAC-12. Then SMU is floating on a headboard in the Atlantic.

FSU's claim is ridiculous.  They are literally gaining additional revenue from us (and Cali) joining and looking at the top 25 rankings we improve the conference.  It's a silly argument like much of their filing.

Conference certainly could fall apart but if it does as a result of this filing it's going to be abject chaos. It would invalidate the Big12 GOR also which uses a similar structure. 

[DentonStang]

2 hours ago, NorthTexasWeLove said:

We know this. At SMU they're paying to be a part of that new FCS. It's all pretty funny. 

We're making more money even without media rights in the ACC than we (and you) were making in the American.  It's still a win.

[NorthTexasWeLove]

11 minutes ago, DentonStang said:

We're making more money even without media rights in the ACC than we (and you) were making in the American.  It's still a win.

Good luck with all that. The AAC tv deal will dramatically change as will the new look ACC. But tell yourself what you need to. 

[rcade]

1 hour ago, GMG_Dallas said:

They have a seat at the big table off brand name, sure, but it's a fact that they aren't nearly as well-off financially as the other big money schools.

The only financial problem FSU has is the ACC's TV deal. When FSU joined the ACC in 1991, they had to raise $7 million a year to keep up with elite teams in other conferences. Now the gap is $30 million. One of their trustees said today that if you take out TV revenue, FSU's athletic spending is the seventh highest in the FBS. He said, "It's one thing to fundraise and make up $7 million. It's another entirely to make up over $30-to-40 million annually."

https://www.tallahassee.com/story/sports/college/fsu/2023/12/22/fsu-acc-takeaways-lawsuit-grant-rights-deal/71890649007/

FSU is going to chew its leg off to get out of the ACC beartrap just like SMU did the AAC.

[rcade]

2 hours ago, GMG_Dallas said:

Not to pick sides but SMU has nearly three times the endowment of Florida State.

It's not the size of your endowment, it's what you do with it.

[NT80]

5 hours ago, emmitt01 said:

Ooooor, perhaps FSU knows that their seat at the adult table is a given and they're suing from a position of wanting the best deal possible.   They don't have to do anything desperate just to get the cool kids to play with them.

I guarantee FSU already has an unofficial invite to join either the SEC or Big10, otherwise they wouldn't be at this next legal step to exit the ACC.   They have already crunched the $$ figures to know it's worth the efforts.  They are a package deal with other ACC schools too. 

Edited December 23, 2023 by NT80

[TripleGrad]

FSU so *very* excited about those new ACC members  . . . 

[Udomann]

Basically, if FSU couldn't make CFP against the current conference, then playing Cal or SMU is going to count even less against them and push the strength of schedule even further back

[GoGreenBeans]

7 hours ago, Wag Tag said:

Way to go SMU! 

Unironically, FSU dissed SMU in their legal case for all of this. Pretty hilarious turn of events 

[rcade]

FSU putting "member" in quotes like that is chef's kiss.

[GMG_Dallas]

1 hour ago, DentonStang said:

6-6 teams tend to do poorly when they have to play their TE at QB much of the game. What's your point?

The point is once the top ACC schools bail, you're stuck with the same quality of opponent in conference play.

[emmitt01]

1 hour ago, TripleGrad said:

FSU so *very* excited about those new ACC members  . . . 

[Cougar King]

[Cougar King]

SMU was one of the schools we were actively getting away from and the ACC rolled out the carpet for them when they said they would join for free. 🤣

[rcade]

There isn't enough aloe vera in Texas to treat that burn.

[Aquila_Viridis]

The ACC had a good thing going. The games and away schools were fun. They were never meant to be big-time football. They should have let Clemson move on and never brought in any of those Big East schools. All this now is from the core of the conference trying to be something they never could be. I guess we should blame Maryland. Florida State is detestable scum. As for poor Syracuse please note they fired their coach recently and were on an interim for the bowl. While that shouldn’t necessarily produce such a result, sometimes it does. Though again, they shouldn’t ever have been in the ACC.

[DentonStang]

FSU comes to Dallas next year.  It's now our Superbowl.