Octopus Overlords

Adam Schefter @AdamSchefter · 17m
University of Connecticut announced that its football program will cancel all competition for the 2020-21 school year.

The Pac-12 is planning a mammoth loan program that would provide an escape hatch for cash-strapped athletic departments in the event the football season is canceled because of coronavirus, according to internal documents and conference sources.

Football accounts for the majority of each department’s revenue, generating in excess of $50 million dollars in ticket sales and media rights alone.

The loan program would be large enough to cover that loss for each school, if needed:

According to a series of emails obtained by the Hotline through public records requests, the loan would provide a maximum of $83 million for each university at a rate of 3.75 percent over 10 years.

Each athletic department could decide whether it wanted to participate in the program.

Pyperkub wrote: ↑Wed Aug 05, 2020 12:03 pm Sounds like a smart move by the Pac-12:

The Pac-12 is planning a mammoth loan program that would provide an escape hatch for cash-strapped athletic departments in the event the football season is canceled because of coronavirus, according to internal documents and conference sources.

Football accounts for the majority of each department’s revenue, generating in excess of $50 million dollars in ticket sales and media rights alone.

The loan program would be large enough to cover that loss for each school, if needed:

According to a series of emails obtained by the Hotline through public records requests, the loan would provide a maximum of $83 million for each university at a rate of 3.75 percent over 10 years.

Each athletic department could decide whether it wanted to participate in the program.

Gabe Feldman @SportsLawGuy · 2h
A few key points from today's NCAA BOG decision on fall sports: "All athletes must be provided an opportunity to opt out of participation due to concerns about contracting COVID-19, & if a SA chooses to opt out, the individual’s athletics scholarship commitment must be honored"

Prominent industry source: "I think by the end of the week the fall sports will be postponed in all conferences."

The Big Ten Conference announced today, based on the advice and counsel of the Big Ten Task Force for Emerging Infectious Diseases and the Big Ten Sports Medicine Committee, that, until further notice, all institutions will remain in the first two days of the acclimatization period in football (i.e., helmets shall be the only piece of protective equipment student-athletes may wear) as we continue to transition prudently through preseason practice. All other fall sports will continue to work locally with team physicians and athletic trainers to adjust practices to the appropriate level of activity, as necessary, based on current medical protocols.

Each new phase of activity provides new intelligence and experience and allows us to evaluate the implementation of our Conference and institutional medical protocols in real-time. In order to make the right health and safety decisions for our student-athletes, we believe it is best to continue in the appropriate phase of activity referenced above while we digest and share information from each campus to ensure we are moving forward cautiously.

We understand there are many questions regarding how this impacts schedules, as well as the feasibility of proceeding forward with the season at all. As we have consistently stated, we will continue to evaluate daily, while relying on our medical experts, to make the best decisions possible for the health, safety and wellness of our student-athletes.

Dan Patrick Show @dpshow · 34m
DP was told an hour ago that the Big 10 and Pac 12 will cancel their football seasons tomorrow... The ACC and the Big 12 are on the fence.. And the SEC is trying to get teams to join them for a season.

See you later, college football.

The Big Ten has voted to cancel the 2020 college football season in a historic move that stems from concerns related to the ongoing coronavirus pandemic, multiple people with knowledge of the decision confirmed to the Free Press.

The sources requested anonymity because they were not authorized to speak publicly on the decision. A formal announcement is expected to Tuesday, the sources said.

The presidents voted, 12-2, Sunday to end the fall sports in the conference. Michigan and Michigan State — which both has physicians as presidents — voted to end the season, sources said. Only Nebraska and Iowa voted to play, Dan Patrick said on his radio show Monday.

pr0ner wrote: ↑Mon Aug 10, 2020 12:02 pm Yep. The other Power 5 dominoes will fall shortly, with the SEC being the last holdout.

Scuzz wrote: ↑Mon Aug 10, 2020 2:19 pm So has Trump demanded that the colleges play their seasons yet? I expect him to do so.

Scuzz wrote: ↑Mon Aug 10, 2020 2:19 pm So has Trump demanded that the colleges play their seasons yet? I expect him to do so.

JCC wrote: ↑Mon Aug 10, 2020 1:49 pm You would think Harbaugh would be grateful to get to wait until 2021 to once again fail to beat Ohio State!

Jaymann wrote: ↑Tue Aug 11, 2020 2:55 pm Big 10 is OUT.

msduncan wrote: ↑Tue Aug 11, 2020 3:07 pm Rumors are the SEC will play even if nobody else does.

ImLawBoy wrote: ↑Tue Aug 11, 2020 3:18 pm

Jaymann wrote: ↑Tue Aug 11, 2020 2:55 pm Big 10 is OUT.

Not fully out yet. They've just delayed until spring.

Source: #Pac12 has canceled fb this fall. Vote was unanimous. All athletic competition shut down until at least Jan 1, 2021

BREAKING: The Big Ten presidents have voted to postpone the 2020 college football season with hopes of playing in the spring, per sources.

Skinypupy wrote: ↑Tue Aug 11, 2020 4:07 pm Pac12 is officially done. I think the B10 is still evaluating, but are expected to announce today.

Source: #Pac12 has canceled fb this fall. Vote was unanimous. All athletic competition shut down until at least Jan 1, 2021

Sucks, but I fully agree with the decision.

EDIT: Feldman says the B10 is official as well.

BREAKING: The Big Ten presidents have voted to postpone the 2020 college football season with hopes of playing in the spring, per sources.

dbt1949 wrote:So who's going to be playing in the Rose Bowl?

Two more Notre Dame football players have tested positive for COVID-19, the program announced Wednesday.

Before the Irish took the field for Wednesday’s first practice of preseason camp, both players were isolated. One was mildly symptomatic. The other was asymptomatic. Notre Dame also quarantined seven other asymptomatic players as a result of contact tracing.

ImLawBoy wrote: ↑Mon Aug 24, 2020 2:14 pm Harbaugh is getting annoyed.

From 2018 990 tax returns

Occupancy expenses

ACC $176,894
B1G $916,429
Big 12 $173,711
SEC $312,225
----
Total: $1,579,259

Pac-12 $8,091,386