FSU's president just put this out:
Florida State University regrets that misinformation about the provisions of the ACC contract has unnecessarily renewed the controversy and speculation about University's athletic conference alignment. Florida State respects the views of the Chair of its Board of Trustees that, of course, any university would examine options that would impact university academics, athletics or finances. At the same time, Florida State is not seeking an alternative to the ACC nor are we considering alternatives. Our current commitments remain strong.
This is getting comical. We now have FSU Board of trustees and FSU football coach VERSUS FSU President and FSU AD.
Even though the BOT chair's criticism of the T3 basketball vs football revenue was wrong, that does not change the fact that this was a really, really bad contract. The BOT needs to tell him to get on board or replace him.
In fact, as Dan Wetzel reports
, the ACC deal is even worse than we all thought.
The first shock to the system hit Wednesday, when the ACC came to terms with ESPN on a 15-year, $3.6 billion agreement that sure sounded good in the press release. Each school was supposedly getting an additional $4 million a year. The average would be $17.1 million annually. Not bad, it seemed.
The reality was bad, however. The initial bump in television revenue is actually just over $1 million a year, sources said, and a total in the $12 million range next season. The deal is back loaded so the bigger money comes in escalator provisions that, considering how broadcast rights keep growing, probably will be below market by the time any sizeable gains are realized.
That additional $4 million per school, per year? That won't come until 2021, nine years in, sources said.
Privately, almost everyone was troubled by the deal.
Across the ACC, the television deal was seen as anywhere from a disappointment to a disaster, sources said.
In Tallahassee, it may have been the last straw.
There's no disguising how bad this is, and how obvious an upgrade the Big 12 would be. If FSU's president doesn't get on board with his own BOT, he'll get run over faster than you can say "Missouri Board of Curators".