ACC Paid $7.2 Million to Lawyers, Including Ex-Big Ten Counsel
The Atlantic Coast Conference disclosed spending $7.23 million on attorneys in the fiscal year 2023, the most of any of the Power 5 schools during that period. That time frame predated the league’s...
View ArticleFSU Athletic Association Lags in Cash and Clout
There’s a lot going on in Florida State athletics these days—including a legal battle with the Atlantic Coast Conference over exit fees, a $327 million bond offering and talks with private equity—but...
View ArticleFSU Expands Legends Deal as Sixth Street Talks Continue
Florida State University has spent the last year in talks with private equity giant Sixth Street about a possible cash infusion. On Wednesday, the university announced a new 10-year expansion of its...
View ArticleFlorida AG Lands Look at ACC Media Rights Contracts
The ACC will soon disclose to Florida Attorney General Ashley Moody what she calls the conference’s “secretive media rights contracts,” including with ESPN. In April, Moody sued the ACC for allegedly...
View ArticleFlorida State, Sixth Street Ended Investment Talks About a Year Ago
Florida State University and private equity giant Sixth Street mutually agreed to end talks about a possible investment into the athletic department about a year ago, according to multiple people...
View ArticleSporticast 410: New Year’s Eve Sports Business Roundup
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including the College Football Playoff quarterfinals,...
View ArticleACC Brass Approve Extension of ESPN Rights Deal Through 2036
ESPN is exercising an option to extend its media rights deal with the ACC, a move that will keep the partnership in place through 2036. The ratified extension was announced Thursday by conference...
View ArticleCoach NIL Lawsuits Confront Florida’s Sovereign Immunity Laws
Florida State basketball coach Leonard Hamilton is currently facing a lawsuit filed by six former Seminoles players, who claim he lied about their NIL compensation in order to entice them to the...
View ArticleFSU’s Hamilton Announces Resignation Amid NIL Lawsuit
Florida State head men’s basketball coach Leonard Hamilton announced on Monday he plans to step down at the end of the current season, just over a month after six former FSU players filed a lawsuit...
View ArticleTiered Revenue Sharing Will Forever Change College Sports Conferences
When Florida State athletics was courting private equity money in August 2023, the school built out a 28-page model projecting its finances through 2043. For revenue from conference media deals, the...
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