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That take is probably closer to the truth than most people want to admit. What we’re watching isn’t some abstract NIL growing pain — it’s a capital structure problem finally colliding with reality. A bunch of schools are operating like pro franchises without pro revenue certainty, and now they’re layering leverage on top of volatility. That works right up until it doesn’t.

Best wishes to Mr. Gilbeau!!! 🏈🤘🏻🏈🤘🏼🏈🤘🏈🤘🏽🏈🤘🏾🏈🤘🏿🏈

Agreed. The financial mismanagement in the pros is bad enough, but the collegiate game is starting to look like a financial train wreck for most P4 schools. The collision will happen just about the time that TV contracts expire and the ACC's exit fee reaches its $75MM minimum (around 2030). IMO, at that point there could be a division of the haves and have nots. The haves will be most of the SEC, 5-7 from the Big 10, 3-4 schools from the ACC, and Tech from the Big 12. Does the SEC stay intact while the other haves form a football only conference, or is a 20-24 team football conference formed including the financially capable SEC teams? The rest of the schools will likely be waiving the white flag (to various extents) on NIL/rev share at that point. The Arkansas and Iowa St ADs have admitted as much. I'm sure the message from Iowa State's AD played a big part in Matt Campbell finally jumping ship, although Penn State is a great opportunity for him.

Goosby mcDonald Kanu Wisner

He was better at Star than Corner IMO. He did seem to drop off after year 2

Hope Quinn does well “ Hookem “

And utilize the TE Waller…

Nice job Yormark. You just landed a deal for $500 million for the whole conference while Utah alone signed a deal for the same amount.

Tech?

Any update on Hero Kanu can never be mini.

A rewrite for Tuesday: Careful — that’s not Portal Claus on the roof anymore. That’s his private-equity cousin, and he brought term sheets. Here comes Krampus, here comes Krampus, Right down Deadline Lane. Funds advancing, futures financing, Revenue shares in chains. NIL checks, backroom decks, Discounted cash-flow dreams. What fun it is to hit refresh While PE buys tomorrow’s teams. Same tune. Corporate lyrics. Merry Transfermas — now with leverage.

I usually don’t pay attention to the DL play…. was our line elite this year? Or was there a drop off from the Murphy-Sweat and Broughton-Collins years?

look at what happened to the ND linebacker. Blew out his knee in a bowl game when he was going ot be a top 10-15 pick. He still got drafted, but was never the same. I doubt one more game of tape after you've been playing for 3+ years is going to make that big of a difference.

Best wishes.

i was wondering the same thing. The coverage got better when he was benched, not a great thing on your resume.

Opting out of a bowl game to focus on the draft seems so paradoxical to me.

Can't wait for what happens when theses schools go into collections for non payment.

Short version: The Big 12 didn’t find a new revenue stream.It found a way to advance its allowance. Whether that’s smart leverage or a payday loan depends entirely on how well these schools spend it — and how ugly the next round of realignment gets. Either way, welcome to college football’s private equity era. Please keep your receipts.

This thing got out of hand quickly. I like NIL for a number of reasons, but to safeguard the integrity of the sport and these young athletes, it should have had better guardrails in place from the start.

A little throwback!

So apparently the Big 12 has decided it doesn’t want to wait around for money anymore and is partnering with a private equity–backed fund to… checks notes …borrow against its own future. Very on-brand. Here’s the gist: a new entity gets created, some conference commercial rights get parked in it, and a finance group backed by RedBird and Weatherford waves around up to $500 million in upfront cash. Schools can opt in, take the money now, and repay it later by giving up future conference distributions. It’s basically revenue sharing meets Payday Loans. To be clear, this isn’t free money. This is the conference equivalent of saying, “Yes, I understand the interest rate, but have you seen the portal?” For schools feeling squeezed by NIL demands, roster churn, and the general chaos of modern college football, this is a tempting lifeline. Immediate liquidity to keep up with the Joneses, plug holes, and stay competitive. For others, it’s a long-term mortgage on future payouts in a sport where the future changes every six months. The most Big 12 part of this? It’s optional. Opt in if you need cash now. Opt out if you think you’ll be better off later. Translation: the resource gap inside the conference is about to get louder, not smaller. Zooming out, this is another signal that college football is done pretending it’s not a business. Conferences aren’t just leagues anymore — they’re balance sheets with logos. And once private capital starts slicing up “future distributions,” there’s no unringing that bell. History says those bets usually age… creatively.

Does he even get drafted with the lackluster year he had this season?

I didn’t realize he had no eligibility left, his career here felt kind of underwhelming, kind of reminds me of Anthony Cook maybe was maxed out in high school

Yep, like all players who only have one year starting... Goosby with another year can be a top 10 pick for example