Cash strapped LSU football just sold!

[Boomhauer]

2 hours ago, THookem said:

 

Moscona is a clown.  All he does is tote the water for lsu.

[THookem]

 

[camridleyfan]

3 hours ago, Neil Leininger said:

I was listening to College Sports on XM 2-3 months ago and they made the point it was going to be impossible to placate all four of these coaches NIL needs.

Kiffin is at 40-50 million , Wade is most likely 20+ , Jay Johnson is 6.5-8 somewhere.  Just on those 3 is 66 and the low end and 80+ on the high end. With only 20.5 per year for rev share.  Thats 40-60 million to push through the CSC.  LSU holds weight but I highly doubt they can push that much through. So either A. Some players are not going to get paid what they’re owed or B. they are skirting the rules HEAVILY 

[BobInHouston]

It seems like they've enticed donors who are interested in a return (which you don't get with NIL) to back an advance to the school. The school is counting on a big enough increase in media rights five years from now to pay back the investors. 

The problem as I see it is that they are paying out from a boost in rights later that they will not be able to put into the program.

For you old Popeye cartoon fans, this is Wimpy agreeing to pay you Tuesday for a hamburger today.

It's possible that they could keep this going, but there is a chance of a reckoning long after the people who put this into place are gone.

[AusMOJO]

7 hours ago, Steamboat Willie said:

LSU is trying to solve a math problem more schools are starting to face. Revenue sharing with athletes, rising roster costs and years of coaching buyouts have created a gap that donations alone can't close. The answer isn't just asking boosters for more. LSU is exploring a corporate entity it would own and control, one that invests in outside businesses to generate recurring revenue. Reports that the school already sold 10% of its future media rights for $100 million have been disputed, and no deal has been signed. The trend is still hard to miss. Boosters, ticket sales and TV money no longer cover what it costs to compete at the top, and schools are starting to raise capital more like businesses. Utah has partnered with a private equity firm, and Kentucky, Michigan State and Clemson have all set up commercial arms.

If this is how things are or heading that way, the whole system needs to be redone. Because I'm all for players being paid but if it's costing this much, it needs to be revised big time.

[Neil Leininger]

1 hour ago, camridleyfan said:

Kiffin is at 40-50 million , Wade is most likely 20+ , Jay Johnson is 6.5-8 somewhere.  Just on those 3 is 66 and the low end and 80+ on the high end. With only 20.5 per year for rev share.  Thats 40-60 million to push through the CSC.  LSU holds weight but I highly doubt they can push that much through. So either A. Some players are not going to get paid what they’re owed or B. they are skirting the rules HEAVILY 

It has nothing to with their salaries. It had to do with 4 coaches that expect to have their bloated NIL agreements honored and not having the money to do it. They believed that 1 and likely 2 of those coaches weren't going to be fully funded and they were guessing it would be the basketball coaches.

[Boomhauer]

Another selling point for Texas to Royal.  

[DK25]

5 hours ago, THookem said:

 

Is there a reason why other universities act like they know the inner workings of Texas?  Is he just throwing crap against the wall here or is there some bit of news I've missed recently?

[THookem]

 

[camridleyfan]

13 hours ago, Neil Leininger said:

It has nothing to with their salaries. It had to do with 4 coaches that expect to have their bloated NIL agreements honored and not having the money to do it. They believed that 1 and likely 2 of those coaches weren't going to be fully funded and they were guessing it would be the basketball coaches.

Those numbers are the promised roster monetary allotments 

[Oldest Horn]

Payday loans for $800, Alex

[THookem]

 

[Dread-headed Texan]

When you see the words private and equity in the same sentence with sports it becomes very hard for that team to win championships. Their goal is simple, put a decent enough product on the field, court, or diamond to keep butts in seats. Shareholders and ROI are the main thing, everything else is secondary. Texas better never 😂 I'd liquidate my 401k, my bank accounts, give it all to CDC, and move in my sister's basement. That should be enough to cover the Texas light bill for a day, but I'd feel good about it. JK