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NIL, Transfers, and Stratospheric Salaries. What Is the Future of GT Football and College Football in General?
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<blockquote data-quote="orientalnc" data-source="post: 959697" data-attributes="member: 1199"><p>Thanks for sharing.</p><p></p><p>The situation in which college football finds itself is similar in concept to the Outer Banks in NC. Development in Nags Head and other towns on the beach has grown significantly. The average assessment for the properties has grown at an even faster rate. At the same time, the risk of owning a home on the beach has risen to the point where some insurance companies will no longer insure property on the Outer Banks. The Federal Government instituted the Flood Insurance program and NC has a Joint Underwriting program for windstorm coverage. Still, the rates are ghastly for those properties. </p><p></p><p>An almost annual discussion along the beaches is whether, and by how much, the government should replenish beach sand eroded due to storm related waves and surge. It is now a common occurrence for significant stretches of the Outer Banks to be over washed during storms. The only solution to curbing the losses is not build on the beach. But that train left the station years ago. Today, the government is partially subsidizing the beachfront homeowners cost of ownership. And those costs are rising every year and the results are less and less effective. Any solution will cost someone (probably a lot of someones) a lot of money. And, the decisions about which someones is very contentious.</p><p></p><p>That is where we are with college football. Fixing the existing system that's overrun with monies unequally (and some say unfairly) distributed will be a costly and contentious process. I do not see how college football can continue on its current financial path. At some point the economics will tilt downward and the embedded costs will remain. What happens to the SEC and B1G contracts if ESPN cannot meet their financial commitments due to cord cutting. No one knows right now. Saban and Smart have huge contracts with their AA and the AA depends on those payouts from ESPN. Maybe Bama uga will be OK. What about USCe and Miss. State? Who would have expected the PAC-12 to fold quickly? Certainly not Oregon State and Washington State. Are the players at those two schools going to retain their NIL agreements? </p><p></p><p>There will be losers no matter what. Left unaddressed, there will be a set of losers. There will likely be a different set if thoughtful changes are made. And the new set will be very unhappy.</p></blockquote><p></p>
[QUOTE="orientalnc, post: 959697, member: 1199"] Thanks for sharing. The situation in which college football finds itself is similar in concept to the Outer Banks in NC. Development in Nags Head and other towns on the beach has grown significantly. The average assessment for the properties has grown at an even faster rate. At the same time, the risk of owning a home on the beach has risen to the point where some insurance companies will no longer insure property on the Outer Banks. The Federal Government instituted the Flood Insurance program and NC has a Joint Underwriting program for windstorm coverage. Still, the rates are ghastly for those properties. An almost annual discussion along the beaches is whether, and by how much, the government should replenish beach sand eroded due to storm related waves and surge. It is now a common occurrence for significant stretches of the Outer Banks to be over washed during storms. The only solution to curbing the losses is not build on the beach. But that train left the station years ago. Today, the government is partially subsidizing the beachfront homeowners cost of ownership. And those costs are rising every year and the results are less and less effective. Any solution will cost someone (probably a lot of someones) a lot of money. And, the decisions about which someones is very contentious. That is where we are with college football. Fixing the existing system that's overrun with monies unequally (and some say unfairly) distributed will be a costly and contentious process. I do not see how college football can continue on its current financial path. At some point the economics will tilt downward and the embedded costs will remain. What happens to the SEC and B1G contracts if ESPN cannot meet their financial commitments due to cord cutting. No one knows right now. Saban and Smart have huge contracts with their AA and the AA depends on those payouts from ESPN. Maybe Bama uga will be OK. What about USCe and Miss. State? Who would have expected the PAC-12 to fold quickly? Certainly not Oregon State and Washington State. Are the players at those two schools going to retain their NIL agreements? There will be losers no matter what. Left unaddressed, there will be a set of losers. There will likely be a different set if thoughtful changes are made. And the new set will be very unhappy. [/QUOTE]
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NIL, Transfers, and Stratospheric Salaries. What Is the Future of GT Football and College Football in General?
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