Tuesday, July 04, 2006
How to Turn $500,000 Into $85 Million
When Florida State became a member of the Atlantic Coast Conference in 1991, it brought a lot more to the league than Chief Osceola. The Seminoles may well have paved the way for bringing Miami, Virginia Tech and Boston College into the conference. At least that is the opinion of ACC commissioner John Swofford, who has watched his league grow into a superconference and revenue juggernaut. And the deal has been terrific for Florida State, too. Consider it cost the Seminoles an initial payment of only $500,000 to become a league member. Since joining, Florida State has received $85 million in revenue sharing from the league. Not a bad deal.
Posted by dawizofodds at 2:29 AM