I found this fascinating... how much does it mean to be in a P5 conference, and what would you pay for it? Well, it's pretty darn important to SMU, and their boosters are willing to buy their way in with a big statement purchase price... and if this is the "public announcement" of what boosters will pay to get in, what do you think their NIL will look like? Holy cow!
theathletic.com
SMU has raised more than $100 million in seven days to help its transition to the ACC next year, the school announced Monday. Here’s what you need to know.
SMU raises over $100 million to help with ACC move
This $100 million was raised by a small group of 30 donors, according to the school.
theathletic.com
SMU has raised more than $100 million in seven days to help its transition to the ACC next year, the school announced Monday. Here’s what you need to know.
- On Sept. 1, SMU accepted an invitation to join the ACC alongside Stanford and Cal, beginning next season. As part of that agreement, sources familiar with the arrangement said SMU will forgo nine years of ACC television money, around $24 million per year.
- SMU boosters told The Athletic they plan to give more than $200 million to offset the absent TV money.
- This $100 million was raised by a small group of 30 donors, according to the school.
- In addition to this money, SMU announced that men’s basketball season ticket sales have jumped 30 percent since the Sept. 1 announcement, and “hundreds” of new football season tickets have been sold as well.
