Sounds like the B1G needs to add 2-4 MTZ teams and have a pod scheduling system
They don't really care about #2.As crazy as it sounds, pretty much all of our Big12 counterparts really want Prime to Stay at Colorado for two key reasons
1. Ratings and Viewership that benefits everyone in the league
2. Because they are not convinced he is a good coach and that Colorado can dominate
Important to note that this covers the year ended 6/30/24. No Big XII revenue in there.The difference of not being in the Big10 or SEC is astronomical. Things are good, but not great inside the AD
New Colorado financial report shows 'Prime Effect' and challenges if Deion Sanders leaves
New Colorado financial report shows details of the "Coach Prime Effect" but also challenges, especially if Deion Sanders leaves.www.usatoday.com
Agreed, the Big12 money plus our $2.5M signing bonus and other factors should be rolling inImportant to note that this covers the year ended 6/30/24. No Big XII revenue in there.
I'm pretty sure we had to pay money back to the Pac 12 or Networks? Due to some kind of mismanagement/incompetence by the Pac 12. Can't remember details but it was in the millions.Important to note that this covers the year ended 6/30/24. No Big XII revenue in there.
I think we already gave that up based on this lower distribution of about $5.3 M from just 2 years priorI'm pretty sure we had to pay money back to the Pac 12 or Networks? Due to some kind of mismanagement/incompetence by the Pac 12. Can't remember details but it was in the millions.
UCLA did this to themselves.He has a point, but the angry little elf is racking up frequent flyer miles like crazy.
Fair in regards to UCLA, I don't think Cronin could have foreseen this when he took the job.Gee. If only somebody had warned them that a bicoastal conference would be unwieldy and scheduling would be a pain in the ass.
Especially for lowly paid moody teenage/young adultsGee. If only somebody had warned them that a bicoastal conference would be unwieldy and scheduling would be a pain in the ass.
Yep. Cronin signed up for a job at the true basketball blue blood in the west, that even in down years was recognized as the marquee program west of the Mississippi along with Kansas. Most all of the advantages that come with that distinction have been erased with joining the Big10.Fair in regards to UCLA, I don't think Cronin could have foreseen this when he took the job.
I think he's a good coach, having a bad year, and a bad time.
The unwieldy conferences may lose some coaching talent at the margins, when the Chip Kelly and Mick Cronin's of the world accept smaller salaries for saner travel schedules.
Fair in regards to UCLA, I don't think Cronin could have foreseen this when he took the job.
I think he's a good coach, having a bad year, and a bad time.
The unwieldy conferences may lose some coaching talent at the margins, when the Chip Kelly and Mick Cronin's of the world accept smaller salaries for saner travel schedules.
Lol
Could UNLV Join UCLA in the Big Ten?
On Sept. 6, 2025, the UCLA Bruins will travel to Las Vegas to play the Mountain West runner-up UNLV Rebels. On paper, this looks like a typical non-conference matchup between schools located in border states.www.yardbarker.com
Besides the cash infusion from a Big 12 PE deal, the thing to watch closely is whether the deal alters the GOR duration and exit fees for member schools.
This meeting took place this past Monday.
From the sound of things, Private Equity will be happening.
Will it be conferences or just schools ?
I'm willing to bet the Big12 will be be involved.
Yormark is looking for leverage.Besides the cash infusion from a Big 12 PE deal, the thing to watch closely is whether the deal alters the GOR duration and exit fees for member schools.
Not always, but mostly.PE is all about slashing costs, boasting revenue, then turning their investment into a profit by selling.
What could possibly go wrong?
If PE enters the equation in the college football world you should be extremely worried instead of giddy. You should expect your game day experience to go down, your costs to all go up, and a lot more content to be hidden behind a pay wall.
I mean, the Big 12 is definitely capital constrained relative to the B1G and SEC, which is the only reason PE is even being considered.Not always, but mostly.
10-20% of the time PE is about bringing capital into a capital starved business, and then watching the business grow due to no longer being capital constrained.
Capital constrained doesn't really describe P4 college football, so your 80-90% model is likely the correct answer.
Yeah. I'd be much more on board with it if CU could find an institutional investor. Ironically, the best fit is probably a university endowment fund that is traditionally a hands-off investor which is looking for solid growth and ROI over decades and has zero interest in turn-and-burn style profiteering. Maybe CU's endowment should buy a stake in the CU-B football program.Not always, but mostly.
10-20% of the time PE is about bringing capital into a capital starved business, and then watching the business grow due to no longer being capital constrained.
Capital constrained doesn't really describe P4 college football, so your 80-90% model is likely the correct answer.
I'm certainly not excited for it, however the writing is all over the wall.PE is all about slashing costs, boasting revenue, then turning their investment into a profit by selling.
What could possibly go wrong?
If PE enters the equation in the college football world you should be extremely worried instead of giddy. You should expect your game day experience to go down, your costs to all go up, and a lot more content to be hidden behind a pay wall.
This is the best idea I've seen on this subject full stop.Yeah. I'd be much more on board with it if CU could find an institutional investor. Ironically, the best fit is probably a university endowment fund that is traditionally a hands-off investor which is looking for solid growth and ROI over decades and has zero interest in turn-and-burn style profiteering. Maybe CU's endowment should buy a stake in the CU-B football program.
Keeping up with competition that is lighting money on fire isn't the type of capital constraint that has a good growth pathway.I mean, the Big 12 is definitely capital constrained relative to the B1G and SEC, which is the only reason PE is even being considered.
I don’t follow. Lighting money on fire? We’re talking about conferences and other programs that are investing all that money into their physical infrastructure, facilities, NIL, rev share, coaches and other staff, etc. The Big 12 doesn’t have the means at current to be competitive in that landscape. The obvious need is more capital to invest in similar things to at least somewhat keep up.Keeping up with competition that is lighting money on fire isn't the type of capital constraint that has a good growth pathway.
I'd be deeply suspicious of anyone's business acumen that honestly tried to sell that investment thesis.
Paying people $5-6mm/yr who would be willing to do the job for a fraction of that is, indeed, lighting money on fire.I don’t follow. Lighting money on fire? We’re talking about conferences and other programs that are investing all that money into their physical infrastructure, facilities, NIL, rev share, coaches and other staff, etc. The Big 12 doesn’t have the means at current to be competitive in that landscape. The obvious need is more capital to invest in similar things to at least somewhat keep up.
The idea that most seem to be assuming here is that PE is coming in and would literally buy a program or an entire conference, make all the decisions, cut costs and then sell it for a profit. That’s not at all what’s being discussed, nor what any PE investment in the Big 12 would entail.
Who is paying more than they would be willing accept? Are you talking about the B1G and SEC paying more for their coaches than they’d actually accept? Again, I don’t follow your analogy here and think that there is some conflating of a traditional PE acquisition and a PE cash infusion (with almost certainly no decision making authority).Paying people $5-6mm/yr who would be willing to do the job for a fraction of that is, indeed, lighting money on fire.
I understand that "the competition" is doing that, so you "have to keep up," but when a market of buyers are buying things (in this case labor) for multiples more than the sellers would be willing to accept, the entire market is behaving irrationally.
Irrational markets eventually collapse. PE firms coming in and "slashing costs" is one of the mechanisms of correcting that irrationality.
"Markets can stay irrational longer than you can stay solvent" is also a thought and consideration.
Maybe this is the "value investor" in me, and maybe I have an irrational belief in moderately efficient markets, but when parties in a market are capturing excess profits (i.e. selling their product for much more than they would be willing to accept in a more efficient market), yes, I describe the buying parties as "lighting money on fire."