Joining B10 costs Neb. $9.255M
For those out there interested in financial stuff regarding the expansion, here's an article regarding our new conference members, Nebraska. Joining the conference is costing Nebraska over $9M this year from the Big 12.
We feel the long-term benefits of entering into the Big Ten, both academically and athletically, will make this a very good investment," athletic director Tom Osborne said.
Obviously, as last year the Big Ten distributed $22M to each of the member schools.
Link? Link:
September 21st, 2010 at 11:25 PM ^
Well they probably make about that much more per year by being in the B10.
September 21st, 2010 at 11:27 PM ^
...And it is likely the best $9.255M they have ever spent.
September 21st, 2010 at 11:31 PM ^
I like how despite the financial benefit, Osbourne brings up the academics as a great long term benefit as well. Often times that goes overlooked.
September 22nd, 2010 at 9:26 AM ^
From what I've read, the appeal of joining the Big Ten from the academics standpoint (namely, the research funds that flow into the Big Ten schools) is HUGE. That is why there was so much discussion about the requirement that school(s) joining have presitious academics. You'll find a quote or two from Osbourne to the effect that Nebraska has vastly improved over the years which put them into position to be able to join the Big Ten (implying that they may not have been in this position academically several years ago). Not that it was bad academically, he said it more as being proud of the improvement to the extent of being considered Big Ten caliber. Or that's how I read it, anyway.
September 21st, 2010 at 11:37 PM ^
Nebraska pretty much won the lottery with expansion.
September 21st, 2010 at 11:42 PM ^
= Infinity.
September 21st, 2010 at 11:45 PM ^
The $9.255 million is Big 12 revenue distribution that is being withheld from Nebraska. In addition to that, I believe Nebraska will have to "buy in" to become a full partner in the Big Ten Network. I don't know the exact details, but I am pretty sure that will cost them much more than the $9.255 million.
In return, Nebraska gets the long term stability and revenue from the Big Ten and potential added research and academic prestige.
September 21st, 2010 at 11:58 PM ^
I believe you're right, they will have to buy in to the BTN. But it's probably not going to cost them out of pocket, since it'll likely take the form of reduced B10 distributions over X years. Also, they're getting BTN equity in return, which has real value - when you buy a share of a company, you're not really any richer or poorer, unless the value of the company changes.
September 22nd, 2010 at 8:14 AM ^
It's like buying a house. You might end up paying about 300K for a 150K house with interest on the mortgage, but you're not really out 300K. You're out 150, because the house has real value the second you possess it. (Well... did. Not so sure about now. But you get the point.) And yes, I'm sure they'll work it out so that a portion of their BTN revenue for 10 years or whatever is put back in to cover their share. Considering the raised revenues FOR the BTN by having them as a member, it should be pretty simple.
September 21st, 2010 at 11:45 PM ^
The Big 12 is totally going to blow all that change on crack.
September 21st, 2010 at 11:50 PM ^
It'll go to pot for those of us in Oregon. Man.
September 21st, 2010 at 11:52 PM ^
They told me they needed the money for bus fare to Austin!
September 22nd, 2010 at 8:44 AM ^
Austin? Austin, Massachusetts?
September 21st, 2010 at 11:49 PM ^
That's when the whores come in.
September 22nd, 2010 at 8:58 AM ^
Men laying their trick-money down. Twenty dollars to pay the rent? Maybe not. Maybe instead I'll spend it on the whore.
Whores running around, doing their little behind-shake for the men folk...
September 22nd, 2010 at 9:06 AM ^
(couldn't find an image of that scene.... damn google images!)
September 21st, 2010 at 11:51 PM ^
They will make more than enough to recuperate their losses over the next few years. Both athletically, academically, prestige. The whole shebang.
September 22nd, 2010 at 12:12 AM ^
initially (this per a Husker friend at work.) I didn't bother to reseach that so take it for what it's worth. They will get progressively more over five years(?) when they will get a full share of all revenue. I bow to others more intimate knowledge, but this is what the Husker guy told me.
Long term this is obviously a smart financial move. Short term it will pinch them a little.
September 22nd, 2010 at 12:18 AM ^
how this will affect Nebraska's recruiting, since no way in hell they get more than 25% of their team from in state and probably all linemen at that. Could their membership in the Big 10 give them inroads to Ohio, Michigan, and Pennsylvania? It worked the opposite for Penn State, as the long line of quality Pennsylvania products to play for Michigan in the last decade plus years has shown. Nebraska doesn't have the in state pipeline for us to tap. Does this mean we'll be seeing a lot more competition for the best of the Midwest with the Huskers?
September 22nd, 2010 at 12:57 AM ^
They will probably have an increased Midwest presence, but they have already started to compete in the Midwest for recruits due to Pelini's ties to Ohio. I think they will continue to hit Texas for recruits and sprinkle in the JC recruits. I don't think it will cause a significant change in the geographical distribution of their roster.
I am more interested to see if the move to the Big Ten will affect their ability to recruit in Texas. I also wonder if the move to the Big Ten will affect the amount of JC players they admit. It seems like they take a significant number of JC players compared to even the Big Ten schools with the loosest admissions standards (and then compared to Michigan which takes about one per decade or Northwestern that takes none).
September 22nd, 2010 at 5:51 AM ^
Their Texas ties will probably be strengthened by playing the likes of OSU, Michigan, Penn State and others. And they'll probably add a Texas team to their non-con schedule on a regular basis.
Right now they do a Texas Two Step by playing UT and A&M two years on, two years off--so that's not much of a recruiting angle. If the Big Ten goes to that 9-game shedule instead of a Big 12 rotation thingy, there will be a regular slate of big games.
WRT recruiting, Nebraska doesn't get the "biggies" out of Texas, anyway. They get a fair share of leftovers after Texas picks who they want and A&M sifts through them also. Then there's Oklahoma, which gets the bulk of their roster from Texas.
But why would a move to the Big Ten affect their ability to take Jucos? That's a school-by-school policy, IIRC. The bIg Ten used to force Jucos to sit out a year after transferring, then they dropped that. If these guys get the grades, they're in. And Nebraska took many more Jucos under Callihan than they do under Pellini--and that will decrease more with successful seasons (that they are now having, ahem).
Nebraska to the Big Ten is a shot in the arm for the conference. It saved the Big Ten from shit like Pitt or Rutgers. There's far more national appeal with a Nebraska than just about anybody who was mentioned except for ND or Texas--and those two ain't coming. Ever.
September 22nd, 2010 at 7:15 AM ^
Rutgers yes is terrible but Pitt is great at basketball, a great school, gives a natural rival to psu and is not terrible at football.
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<br>To be frank they were extremely high on my list and I'd hope on most peoples lists. They are hardly "shit".
September 22nd, 2010 at 8:09 AM ^
Yes, Pitt is a great school and pretty decent at both sports. If they were in Maryland or Jersey, they would have been a part of the Big Ten before Neb. It's too bad.
September 22nd, 2010 at 9:23 AM ^
Pitt will not be a part of the B10 as long as JoePa is at PSU. It's personal between them and even though he's far past his prime (and then some), Spanier cannot shit on a living icon at risk of alienating the alums. Had expansion happened in 2 or 3 years, I think Pitt would have become part of the B10.
It's more obvious all the time why ND didn't want to come into the B10. Their football program would lose its marquee status after being 4th thru 8th in a B10 schedule year after year.
September 22nd, 2010 at 9:30 AM ^
I thought JoePa relaxed a bit his opposition to Pitt. I really think that Pitt will not get the invite unless its a master plan to break up the Big East.
September 22nd, 2010 at 8:06 AM ^
Doesnt Neb recruit alot from Cali. I dont think that will change much. Their Texas recruiting might take a hit.
September 22nd, 2010 at 2:10 PM ^
Their current roster has 154 bodies on it.
75 From Nebraska
25 from Texas
13 from California
7 each from Colorado & Missouri
5 from Florida
4 from Louisiana
3 each from Arizona and Illinois
2 each from Georgia and Ohio
1 each from Iowa, Kansas, Maryland, Minnesota, Iowa, Mississippi, North Dakota, Nevada, and Virginia
As an interesting aside, 1/3 of the Nebraska natives come from towns with a population under 5,000. I got curious when I was looking the list over and seeing towns I'd never heard of.
September 22nd, 2010 at 4:26 PM ^
I don't know if this is still true, but I believe Nebraska used to have some kind of program that gave an academic scholarship to at least one kid from every county in the state. Coincidentally, some of them happened to be good at football.
September 22nd, 2010 at 5:45 PM ^
I heard about that as well as part of their huge walk on program. There are so many NCAA loopholes its incredible.
September 22nd, 2010 at 10:26 PM ^
Hmm, I hadn't heard that, but it doesn't mean it isn't true. Nebraska has something like 93 counties, which is crazy given its relatively small population.
My take on it is that football is what kids do, and Husker football is what they aspire to. It's not like out in those ranch counties they have a lacrosse team or water polo. If you have athletic talent, you wrestle or you play football. If you're tall, then it's basketball. It's like Texas in some ways...but a lot less psychotic.
September 22nd, 2010 at 5:48 PM ^
Interesting, without doing the research, I bet most if not all the starters are from the big 3 recruiting states. I wish we can get more guys from Cal. Texas will always be hard and we seem to do well in Florida. Thanks for the info.
September 22nd, 2010 at 12:23 AM ^
I think Nebraska was unhappy with the direction the Big 12 was going to take. It was pretty much going to be the Texas show. I predict that Oklahoma and the other non-Texas teams will bolt at some point.
September 22nd, 2010 at 1:11 AM ^
No way were they going to sit there and play third fiddle in their conference. Texas launching it's own network and basically running the big 12 got the cornhuskers to say enough is enough. I think oklahoma wanted to leave for the pac 10 almost as badly as colorado but rivalries kept them in it.
September 22nd, 2010 at 1:54 AM ^
A guy I work with is a huge Husker fan and he was describing how basically Texas pretty much wants it all.
September 22nd, 2010 at 1:08 AM ^
There's a 500k discount if they go to a BCS bowl this season.
September 22nd, 2010 at 1:41 AM ^
That's a lot of corn.
September 22nd, 2010 at 9:00 AM ^
Meanwhile, Colorado voted on Tuesday to leave the Big 12 a year early (2011 instead of 2012), and their exit from the Big 12 is costing them $6.863 million According to a Denver Post article, the Pac-10 is floating CU a loan:
Pac-10 commissioner Larry Scott confirmed in a phone interview that the conference will float Colorado the $6.863 million loan, which will be paid back with future earnings from the Pac-12's upcoming TV negotiations and the school's expected future ticket revenue and booster donations
September 22nd, 2010 at 9:31 AM ^
Why does CU pay less than Neb?
September 22nd, 2010 at 9:42 AM ^
so Colorado was due to receive less from the Big12. Probably in the same proportion.
September 22nd, 2010 at 10:48 AM ^
From the Denver Post article:
Nebraska, which will leave for the Big Ten next year, will have $9.255 million withheld. The higher amount is based on what the two schools have historically earned through TV and bowl game appearances. If Nebraska is one of two Big 12 schools to make one of the five lucrative BCS bowls this season, the amount withheld will be $500,000 less.
September 22nd, 2010 at 11:12 AM ^
Thanks guys. I just thought maybe the Big 12 didnt care about CU as much.
September 22nd, 2010 at 11:38 AM ^
This is why the B12 is awful when it comes to business and why the B10 is far surperior.
Evenly split is the way to go to enure the conference stays together. Give it a few years for the B12, I guarantee that their conference is not going to make the money the comish says per team (which is why Ta&m stayed). On the flip side Texas is going to make an ubsurd amount of money.
September 22nd, 2010 at 2:12 PM ^
September 22nd, 2010 at 4:31 PM ^
They've got problems. Their fanbase is small yet very fickle, remembering the glory years under McCartney (while forgetting the many, many ugly off-field incidents during his time).
September 22nd, 2010 at 5:43 PM ^
I heard this on the Experts that CU has major obstacles to being good. First, they have a noise ordinance that they can't pipe in music to prepare for away games. Second, they don't have many fat cat boosters, so they don't have the best facilities. I thought to myself that they were pretty good in the 90's.
September 22nd, 2010 at 11:58 AM ^
The word "collegial" strikes again.
Beebe, who was to hold a teleconference with reporters Tuesday night, added that negotiations with Nebraska were "collegial and respectful."
Does this mean that the Big 12 is all going to chip in for Nebraska's payout? See, http://mgoblog.com/mgoboard/collegial for past discussions on the word collegial.
I think that people involved in NCAA athletic programs do not quite understand the meaning of the word collegial.
September 22nd, 2010 at 1:34 PM ^
Nebraska isn't actually paying the Big 12 to leave. Revenue they would have gotten from the Big 12 is being withheld from them. It sounds like they will just absorb this revenue loss.
See the following from a Corn Nation article:
Nebraska's athletic department is expected to only break even for these two seasons, wiping out an expected $7 million surplus for this year. To offset these revenue losses, chancellor Harvey Perlman will waive the athletic department's $2.5 million contribution to the academic side of the University for this year.
September 22nd, 2010 at 5:47 PM ^
Yes, I knew that about the "payout." The word collegial stuck out to me because of the discussion on the board about it from a little while ago. That is an interesting Corn Nation article though. Good find.
September 22nd, 2010 at 1:38 PM ^
be their final FU goodbye. Maybe worth the $9M.
September 22nd, 2010 at 4:28 PM ^
So what is the Big 12 planning on doing? Are they just trying to hang in there for as long as possible, or will they try to find two new programs?