"UK is Spending/Spent Big Because of Stoops" Absolute Fallacy.
- By TTU/UK fan
- The House of Blue
- 3 Replies
This is only to do with the financials argument about Stoops "convincing" or "being the cause" for UK Football financial investment. And/or any concern that investment would fall if he is gone.
Facts:
In 2012 the SEC was ranked 4th in TV revenue among power conferences according to Forbes. And 5th in per-school TV revenue. Yes, the SEC was that bad in TV revenue then.
Per school, per year:
Pac-12: $20.8 million
Big Ten: $20.7 million
ACC: $17.1 million
Big 12: $15 million
SEC: $14.6 million
The SEC. was lagging that badly back then until the SEC boom. Then what happened? in 2013, Stoops first year, the SEC Network was created and the TV contracts were renegotiated. In 2013 it was announced the new contracts would result in a likely 50% revenue increase over the next few years alone.
And even before that, SEC revenue payout had almost DOUBLED Stoops first year from just 5 years prior.
Average SEC per-team payout:
2008: $11.1 Million
2013: $20.8 Million
By 2015, teams were receiving $31.5 Million. A 50% increase in revenue in Stoops first 2 seasons.
And the big jumps will continue:
Prior to 2020, CBS was paying $55,000,000 a year for SEC premium TV rights;
Now Disney/ESPN is paying $300,000,000 a year for the same rights after a deal made in 2020. An absolutely insane statistical increase. Over 500% more TV revenue each year.
When Texas and Oklahoma joined, the deal was altered to add another $42 million per year. Making it now around a 600% increase in revenue from just 2020.
In 2024 the SEC distributed $55 Million from 2023 to each school. A 250% increase from Stoops first year. Total SEC revenue jumped over $100,000,000 in 2023 from 22; with revenue likely to heavily spike for 2024 with the inclusion of Texas and Oklahoma.
This idea that Stoops is even close to the main reason the program started investing in football has always been hogwash. The plans for our stadium upgrades were announced after his 2-10 season and right after revenue started jumping heavily after the inclusion of A&M & Mizzou and a new TV contract deal. Everyone in the SEC has done $100+ million upgrades during Stoops tenure, and it was solely because of the new influx of money, as well as the expected continued growth of CFB itself. Just tired of seeing this fallacy spread. It was something we all convinced ourselves was true back then to help hype the program (and it worked), but it was never reality and it is just a bad argument to add in to keeping Stoops. Kentucky was going to start investing regardless; just like other SEC teams that have come out of the woodwork and started doing. It's because of the money that is now in college football. Did Stoops do some good things? Yeah, but he also had some absolutely beautiful timing for taking over a CFB program. Vanderbilt is finishing up a likely $100+ million upgrade that was started during their absolutely horrible seasons, Indiana (Big Ten also booming) recently finished a $100 million facility that was started when they absolutely stunk. These investments have been happening EVERYWHERE since Stoops took over, regardless of who the coach of the program is.
Facts:
In 2012 the SEC was ranked 4th in TV revenue among power conferences according to Forbes. And 5th in per-school TV revenue. Yes, the SEC was that bad in TV revenue then.
Per school, per year:
Pac-12: $20.8 million
Big Ten: $20.7 million
ACC: $17.1 million
Big 12: $15 million
SEC: $14.6 million
The SEC. was lagging that badly back then until the SEC boom. Then what happened? in 2013, Stoops first year, the SEC Network was created and the TV contracts were renegotiated. In 2013 it was announced the new contracts would result in a likely 50% revenue increase over the next few years alone.
And even before that, SEC revenue payout had almost DOUBLED Stoops first year from just 5 years prior.
Average SEC per-team payout:
2008: $11.1 Million
2013: $20.8 Million
By 2015, teams were receiving $31.5 Million. A 50% increase in revenue in Stoops first 2 seasons.
And the big jumps will continue:
Prior to 2020, CBS was paying $55,000,000 a year for SEC premium TV rights;
Now Disney/ESPN is paying $300,000,000 a year for the same rights after a deal made in 2020. An absolutely insane statistical increase. Over 500% more TV revenue each year.
When Texas and Oklahoma joined, the deal was altered to add another $42 million per year. Making it now around a 600% increase in revenue from just 2020.
In 2024 the SEC distributed $55 Million from 2023 to each school. A 250% increase from Stoops first year. Total SEC revenue jumped over $100,000,000 in 2023 from 22; with revenue likely to heavily spike for 2024 with the inclusion of Texas and Oklahoma.
This idea that Stoops is even close to the main reason the program started investing in football has always been hogwash. The plans for our stadium upgrades were announced after his 2-10 season and right after revenue started jumping heavily after the inclusion of A&M & Mizzou and a new TV contract deal. Everyone in the SEC has done $100+ million upgrades during Stoops tenure, and it was solely because of the new influx of money, as well as the expected continued growth of CFB itself. Just tired of seeing this fallacy spread. It was something we all convinced ourselves was true back then to help hype the program (and it worked), but it was never reality and it is just a bad argument to add in to keeping Stoops. Kentucky was going to start investing regardless; just like other SEC teams that have come out of the woodwork and started doing. It's because of the money that is now in college football. Did Stoops do some good things? Yeah, but he also had some absolutely beautiful timing for taking over a CFB program. Vanderbilt is finishing up a likely $100+ million upgrade that was started during their absolutely horrible seasons, Indiana (Big Ten also booming) recently finished a $100 million facility that was started when they absolutely stunk. These investments have been happening EVERYWHERE since Stoops took over, regardless of who the coach of the program is.