WildBear said:
There is no way there are more than 25 schools that have NIL budgets over the 20.5m cap and SB said as much saying that there will be a lot of p4 schools they won't get 20.5m. You're seeing schools raise fees on students to get close but we'll see.
I've done some fundraising and donate to a few causes consistently and man, it's hard to get people to donate even a $500. You'll see a few rich donors donate $500k-1m once or twice and then they'll realize how little it actually helps. Not a lot of donors are willing to do that consistently and not many have as many rich donors as Cal has.
B1G schools make about $75 million in media revenue. SEC schools make about $53 million.
ACC schools make about $45 million
Big 12 schools make about $32 million
Notre Dame makes $67 million
In total, that is 68 P4 teams including Notre Dame.
This is "entertainment dollars" and advertising dollars, so asking if this money would be better spent on medical research could be said about the NFL, NBA, MLB, the movie industry, the record industry, Facebook….
Now it is true donors can add their money to the above, and yes, it could instead go to cancer research, or a megayacht… but the big money is the media revenues.
Under the House Settlement up to $20 million is to be spent by each of the above schools from the above media revenues on NIL.
The above situation shows why Christ and especially Knowlton, who was paid $1.3 million a year to guide Cal's athletic department, should have seen the writing on the wall when USC and UCLA jumped to the B1G and made an all out effort from the get go to get us in too instead of wasting political leverage trying to block UCLA and alienate the people we needed to support us.
We were lucky others worked to get us into the ACC. It was a really good landing place for us. Unfortunately part of the deal was we had to give up most of our revenue. So we started out at about $10 million but eventually we will get our full share. However, in the meantime, donors will have to make up the difference or we won't make it to full revenue which will be about the time of the next realignment, if it doesn't come sooner.
Cal is in a uniquely difficult financial position in P4 over the next 5 years or so and it will take donor money to get us a team that can fill CMS and generate more revenue until we get our full ACC share and possibly make ourselves attractive enough to be part of the B1G West Coast pod.
