The idea of Florida State leaving the ACC first came up during a board of trustees meeting on Friday where Alford was asked about it.
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Florida State AD Michael Alford, Board of Trustees discuss ACC media rights, potential buyout options
At a Florida State University Board of Trustees meeting on Friday, Seminoless athletic director Michael Alford was posed an interesting question, according to Matt Baker of the
Tampa Bay Times. The question: How much money would it cost Florida State to leave the ACC?
The answer, provided by the university’s legal counsel, is that it would cost Florida State somewhere in the neighborhood of $120 million to bail from the ACC and the league’s current media-rights deal. The backdrop for the question was a discussion about the ACC’s current model of equal revenue distribution.
As it currently stands, Alford said, Florida State creates about 15% of the revenue for the conference but only gets a return of 7%. This has led to a resource gap.
“At the end of the day, if something’s not done, we cannot be $30 million behind every year compared to our peers,” Alford said.
Baker reported that a trustee asked roughly the following question: “So if we make up the $30 million we’re behind from our peers … we’d break even in roughly four years?”
Alford responded that hypothetically, yes, that would be the the case. That means that if Florida State were to pay $120 million (or so) to get to a league that would offer significantly more under its media-rights deal, it would take at least four years to make up what was spent.
Just wonderin': Like what other major conference (i.e. B1G or SEC) would actually want Free Shoes U?