More Rumors about FSU going to Big 12!

Jim Lamar from the Tallahassee Democrat seems sure, the ACC has cause for concern.

Firstly there is the financial situation Lamar points out: “Oklahoma State President Burns Hargis announced last Friday that the Big 12 agreed to distribute $19 million to eight of its members to close out the 2011-12 fiscal year. Departing members Missouri and Texas A&M did not receive payouts; neither did incoming members TCU andWest Virginia.”

Right now, FSU is in a position where an extra few million dollars would go a long way. Doak Campbell Stadium needs renovations, the basketball coaches need a raise, and the athletic department had coffers to replenish.

Lamar notes that the new additions won’t be compensated fully until later: “TCU and West Virginia will only be given a 50-percent share and will not receive full shares until 2016.”

So if the ACC dissolves and FSU and Clemson head Big 12 (or should I say Big 14), what will happen to schools like UMD and Miami?

Read the USA Today Article here. 

Oliver Luck Speaks out on WVU Move to Big 12

Students of West Virginia University can attest, the schools move to the Big 12 has stirred up quite a bit of excitement. The school seemed restless and in need of change when rumors of a possible move to the SEC spurred hopes. The Greeks on campus seemed especially amiable towards the prospect. To their chagrin, the school was not able to go SEC and instead elected to join the Big 12.

Many fans will say that the Big 12 is a better fit for WVU’s football program than the SEC but that’s to be determined. For now we’ll have to content ourselve’s with, WVU Athletic
e. Director, Oliver Luck’s comments on the mov

Luck, who has not been shy about matter, went into detail with ESPN’s David Ubben.

Initially, when Texas A&M appeared ready to leave the Big 12, Luck became
Luck reiterated how significant a role Syracuse and Pitt’s move to the ACC played in his decision making. “I think it was pretty obvious that the league was going to struggle. We hadn’t added a new member since 2005.”aware of a rumor that Pitt was on “short list” to replace the Aggies. He realized that “there’s no reason that West Virginia shouldn’t be on the Big 12 short list”.

The Big East has lost its sense of identity. When WVU joined the conference in 91′, the Mountaineers were surrounded by teams like Virginia Tech and Miami. Now, the only original football squad left from that time is Rutgers. Would students and faculty really settle for such mediocrity?

Its pretty clear they made the right move. Even though a lawsuit forced the school to pony up $20 million to the Big East for leaving early, the donations and ticket sales generated by the hype are “unprecedented” according to Luck.

Last week, Luck spoke out to ESPN on the Big 12 and possible expansion. Read more here.

Big 12 Awards Oklahoma State their Championship Rings

The Cowboys had an outstanding season going 12-1 and although they didn’t make it to the national championship they are still the Big 12’s champions.

The rings are huge, diamond studded affairs with the player’s names on the side.

The one game the Cowboys lost was to Iowa State and unfortunately prevented them from competing for the National title.

 

(photo courtesy of @JBlatnick)

Texas has the Most Profitable Athletic Department in Big12Country

The Business of College Sports recently reported rankings of the most profitable athletic departments in the Big 12. Here are their findings:

PROFIT
1. Texas: $24,317,815
2. Kansas State: $23,395,408
3. Oklahoma State: $14,365,376
4. Oklahoma: $8,064,477
5. Texas A&M: $3,224,429
6. Texas Tech: $3,124,246
7. Missouri: $143,588
8. Iowa State: $121,686
9. Baylor: $0
10. Kansas: $0
 
TOTAL REVENUE 
1. Texas: $150,295,932
2. Oklahoma: $104,338,843
3. Texas A&M: $74,944,301
4. Oklahoma State: $70,123,206
5. Kansas: $70,028,683
6. Kansas State $68,875,266
7. Baylor: $59,859,235
8. Missouri: $59,005,954
9. Texas Tech: $51,190,970
10. Iowa State: $48,574,989
 
EXPENSES
1. Texas: $125,978,117
2. Oklahoma: $96,274,366
3. Texas A&M: $71,719,872
4. Kansas: $70,028,683
5. Baylor: $59,859,235
6. Missouri: $58,862,366
7. Oklahoma State: $55,757,830
8. Iowa State: $48,453,303
9. Texas Tech: $48,066,724
10. Kansas State: $45,479,858

Newcomer WVU posted $0.00 profit in the Big East whose finances appeared even more confusing. One commenter expressed his skepticism:

 “What’s with all this break even nonsense? Twelve schools managing an eight figure budget, and each neatly resolves itself to a 0.00 bottom line? This reeks of a “nod nod, wink wink, say no more” admission that if the athletic department loses money no one must know. Could anything make it more obvious? I wonder how the losses are hidden, or which department at the school is forced to absorb them. Or do they tap the endowment fund until the numbers zero out? Why does the Dept. of Education permit this?”

The business of college sports admits that the data “is not perfect, it is the only data publicly available for both public and private institutions.”

Seriously though! What is Kansas spending all this cash on? WVU made $58,003,719.00 in revenue last year! Where did it all go? Any ideas?