MEGA Conference Realignment and lawsuits Megathread: Stories, Tales, Lies, and Exaggerations

[Calinative]

You are fast propelling yourself towards being the dumbest porster on the board. You are really giving TouchMonkey and cookies and JADouche a run for their money.

First, I'm not even going to get into the stupidity that comes from you claiming that the distribution happens before the fiscal year.

I'm simply going to post an article FROM MAY 2025, that details the earnings and distributions FOR THE 2023-2024 FISCAL YEAR. Once again, the money that Miami reports for ITS FY2025 is from the ACC's FY2024.

Please read the article, and then apologize.

Again, the announcement of the distributions in May 2025 was based on FY2024, or as the article states "its final year as a 15-team league".

Also, there was this quote: "But with the addition of the three western schools and the settlement, the ACC’s revenue distribution will be drastically different in years to come. Cal, Stanford and SMU will get a lower percentage and the conference will reward teams for both on-field success and television viewership moving forward."

Soooo, let's recap. This May 2025 announcment of FY2024 numbers...goes AGAINST what you hypothesized at a "95% certainty" rate. There is always, I repeat ALWAYS, a lag on the calculation of numbers. That's why you file NON-PROFIT income tax returns, with the extended due date, 10.5 MONTHS AFTER THE END OF THE YEAR.

Wait, wait, let me do the math...that means, if the fiscal year begins July 1 and ends June 30...then the EXTENDED DUE DATE OF THE ACC'S NON-PROFIT TAX RETURN IS IN...DRUM ROLL...MID-MAY. Oh my god, it's amazing!!! I'm right, once again. And you're wrong, once again.

So, let's conclude here. You failed to take notice of what this "mid-May" not-actual "distribution" actually was, which was actually an announcement, 10.5 months after the conclusion of the PRIOR FISCAL YEAR, of what the PRIOR YEAR distribution was.

You really are not very smart. You thought you could razzle-dazzle me with a couple of articles, which do not actually say what you think they said.

And better yet, tell me ONE large non-profit IN THIS COUNTRY which makes profit distributions BEFORE the close of its fiscal year.

I'll wait for your genius explanation. And your apology.

ACC sets record for money earned and distributed, but league knows it needs more

The Atlantic Coast Conference earned more than $711 million in the 2023-24 fiscal year, according to its latest tax documents.

www.wral.com

I've found where the confusion is.... Basically the new graphics showing AD revenue are still using very old info from the 2023 football season, even though it SAYS its New EADA data. I assumed the newly released graphics showing an increase to $230M was NEW reporting, but it is not. Literally the Miami $230M figure comes from the EADA 2024 Survey - reflecting the 2023 football revenue. Which takes us to:

1) I absolutely Still DISAGREE with you completely regarding WHEN the payouts are made by the conference. The most recent ACC tax filings were filed May 2025 and that's why all these news articles are written May/June 2025. But that is for the 2023 Football season because its for FY24 (7/1/23-6/30/24). Okay so this absolutely does NOT include the New conference members, the new Success Initiative, and unequal Media Ratings changes. Which I have 100% been saying. No issues there. But I completely disagree that you are saying the ACC distribution (actual $ transfer from Conference to School) occurs outside May 2024 for the 23-24 tax filing. In the ACCs tax filing it literally shows the amount paid to the University of Miami being $45.6M for the 2023 football season. So Imo this distribution should absolutely be included in the University of Miamis FY24 tax accounting (6/1/23-5/31/24). Unfortunately in Miamis actual tax filings it doesn't breakout any of this - nor does it actually report just athletic departement revenues/expenses. Miami FY24 tax filing only reports $317M in revenue in "auxiliary enterprises, including intercollegiate athletics, parking, student housing and student dining". So we don't have what JUST the Athletic Department brought in from the FY24 reporting. BUT I still believe I'm 100% correct that the FY25 tax filing by the ACC which will likely release sometime soon here will include the NEW Success Initiative/etc and WILL be reflected in the University of Miami FY25 filings as well. This is because I absolutely believe the payment IS made sometime in may.

2) Which leads to the actual breakdown/confusion... Where these graphics are getting the Athletic Department revenue is solely from the EADA/OPE website as far as I can tell - at least for private schools like us. Thats what lists Miamis athletic department as going from $180M in total revenue to $230M in revenue. Where the Miscommunication/Confusion comes from is that even this new graphic showing the $230M in revenue is only actually being reported for the 2023 Football Seasons or FY24 (6/1/23-5/31/24) year. I assumed that the Reason this is newly popping up in may 2026 is because the Survey year 25 data was released and this was some new reporting showing the 2024 Football seasons revenue increases. It actually is not. The EADA "survey year" filings are supposed to be made in October. So Survey year 24 which is the data this graphics are using to show $230M in revenue was filed Oct 2024. So literally this should have been known for literally over a year now. Obviously This $230M absolutely shouldn't be including the Success Initiatives and new media rating revenue model. The Survey Year 25 is supposed to be the data that does include the new revenue distribution model and should have been submitted oct 2025 and would have been for the 2024 football season. And the ACC should be reporting the 2024 revenues/distributions soon here given it's already may 2026. (But again this does not mean the ACC actually made the payments after May 2025 like you are saying.

Now maybe you've read that and think "This proves Cali was wrong". To that I submit the actual ******* tweet that started this:

This dude CLEARLY says FY25 EADA data!

SO if the Tweet here was actually not full of ****, I'd have been correct lmao. I thought this was New EADA data showing the NEW 2024 football seasons revenues. It is not.... The $230M Miami revenue report is for the 2023 football View attachment 362349

 

[TheOriginalCane]

OK, @Calinative , let's take a look at the articles YOU linked, and see how badly you misinterpreted them.

First article:

Summer 2025

Fiscal Year 2024 numbers, using past-tense verbs, because it already happened:

Fiscal Year 2025 EXPECTATIONS, using future-tense verbs, because it hasn't happened yet:

Here's some info on the FIRST year of the Success Initiative, for FY2025. Note how it says "project" earnings (not distributions, which follow earnings). Earnings are projected in 2025 because they have not yet been finalized by Summer 2025, and they **** sure haven't been distributed. Notice whose name is NOT "topping" the initial success initiative, for the reasons I stated earlier.

Again, here is the FY2025 Success Initiative, for which Miami WOULD RECEIVE (in the future, because future tense verbs are being used) a total of $3.6 million for the Top 25 finish and the Pop Tarts Bowl.

Here we go again, by Summer 2025, we can PROJECT (in the future) how much Miami EARNED in FY2025 (but had not yet received in a distribution), because the numbers have not yet been finalized or paid out:

The "TV ratings" formula:

So, now, I must ask the question: did you even read the first article you posted?

Honestly, I'm not even going to address the second article, which also does not support your claims.

Instead, I'm going to highlight the funniest paragraph you posted. The one in which you display a massive and fundamental misunderstanding of corporate accounting, business revenue and expenses, audited financial statements (required of large non-profits such as the ACC) and how business entities actually operate. Please, FOR THE LOVE OF GOD, tell me what college or school you attended at UM, because it cannot possibly be the School of Business.


Here is the bull**** you wrote:

First, you ASK why a business entity would make distributions AFTER the fiscal year ends. This question alone leaves me speechless. I have no idea why a human being would think you make distributions BEFORE the fiscal year ends. Every bit of the first article YOU LINKED uses careful language to differentiate between the prior year (past-tense verbs) and the current year (future-tense verbs, because the earnings are being finalized and the distributions are yet to be made).

Then you say "that makes no sense". And that "EVERYTHING" you have seen "indicates" (or supports) your assumption. Yet nothing could be further from the truth. You have not provided a shred of evidence or support to prove your asertion that the "May distribution" relates to the fiscal year that ends 6 weeks into the future. BECAUSE IT ISN'T TRUE.

I'm sorry, but this is why I have a hard time having respect for any of your postings that CLAIM to have insight into standard business practices and procedures. Like when you kept telling us that some "guaranteed annual payment" would always be better than a royalty-based payment that a university could positively impact via better on-field results and marketing efforts.

I wish you could just act like a man and acknowledge that some posters on this board know more about business, generally, and the sports industry, specifically, than you claim to know. That's just a simple truth.

Maybe you're smart in other subject matters, and you are terrible at business. It's nothing to be ashamed of. Maybe you are a great engineer or musician or nurse or architect, as Miami offers degrees in those fields.

But you will never be hired by Nick Kroll's production company, because you are bad at business.

 

[TheOriginalCane]

I've found where the confusion is.... Basically the new graphics showing AD revenue are still using very old info from the 2023 football season, even though it SAYS its New EADA data. I assumed the newly released graphics showing an increase to $230M was NEW reporting, but it is not. Literally the Miami $230M figure comes from the EADA 2024 Survey - reflecting the 2023 football revenue. Which takes us to:

1) I absolutely Still DISAGREE with you completely regarding WHEN the payouts are made by the conference. The most recent ACC tax filings were filed May 2025 and that's why all these news articles are written May/June 2025. But that is for the 2023 Football season because its for FY24 (7/1/23-6/30/24). Okay so this absolutely does NOT include the New conference members, the new Success Initiative, and unequal Media Ratings changes. Which I have 100% been saying. No issues there. But I completely disagree that you are saying the ACC distribution (actual $ transfer from Conference to School) occurs outside May 2024 for the 23-24 tax filing. In the ACCs tax filing it literally shows the amount paid to the University of Miami being $45.6M for the 2023 football season. So Imo this distribution should absolutely be included in the University of Miamis FY24 tax accounting (6/1/23-5/31/24). Unfortunately in Miamis actual tax filings it doesn't breakout any of this - nor does it actually report just athletic departement revenues/expenses. Miami FY24 tax filing only reports $317M in revenue in "auxiliary enterprises, including intercollegiate athletics, parking, student housing and student dining". So we don't have what JUST the Athletic Department brought in from the FY24 reporting. BUT I still believe I'm 100% correct that the FY25 tax filing by the ACC which will likely release sometime soon here will include the NEW Success Initiative/etc and WILL be reflected in the University of Miami FY25 filings as well. This is because I absolutely believe the payment IS made sometime in may.

2) Which leads to the actual breakdown/confusion... Where these graphics are getting the Athletic Department revenue is solely from the EADA/OPE website as far as I can tell - at least for private schools like us. Thats what lists Miamis athletic department as going from $180M in total revenue to $230M in revenue. Where the Miscommunication/Confusion comes from is that even this new graphic showing the $230M in revenue is only actually being reported for the 2023 Football Seasons or FY24 (6/1/23-5/31/24) year. I assumed that the Reason this is newly popping up in may 2026 is because the Survey year 25 data was released and this was some new reporting showing the 2024 Football seasons revenue increases. It actually is not. The EADA "survey year" filings are supposed to be made in October. So Survey year 24 which is the data this graphics are using to show $230M in revenue was filed Oct 2024. So literally this should have been known for literally over a year now. Obviously This $230M absolutely shouldn't be including the Success Initiatives and new media rating revenue model. The Survey Year 25 is supposed to be the data that does include the new revenue distribution model and should have been submitted oct 2025 and would have been for the 2024 football season. And the ACC should be reporting the 2024 revenues/distributions soon here given it's already may 2026. (But again this does not mean the ACC actually made the payments after May 2025 like you are saying.

Now maybe you've read that and think "This proves Cali was wrong". To that I submit the actual ******* tweet that started this:

This dude CLEARLY says FY25 EADA data!

SO if the Tweet here was actually not full of ****, I'd have been correct lmao. I thought this was New EADA data showing the NEW 2024 football seasons revenues. It is not.... The $230M Miami revenue report is for the 2023 football season....

Is there an apology in there somewhere?

Because I was 100% right. And you were 100% wrong.

You can call the ratings and financial results "old", but I really wish you would acknowledge that EVERY BUSINESS ENTITY EVER:

1. Completes its fiscal year
2. Closes the books
3. Audits the results (at same time as #4)
4. Prepares the financials (at the same time as #3)
and, finally,
5. Distributes profits (unless it retains profits) as a dividend (C corporations) or a distribution (pass-through entities)

Just be honest with yourself. Can you tell me of any corporation (Microsoft, Disney, Apple, etc.) that declares a dividend two months BEFORE the end of the fiscal year? Yeah, I didn't think so.

And I wish you would realize that the EARNINGS of the ACC are different from the EARNINGS of each member school. The ACC is the one that has the TV contract. The ACC earns the revenue IN YEAR 1, and then the schools earn their revenue shares IN YEAR 2 when the money is actually distributed. Which simply means that either YOU or the person who Twatted that bull**** out didn't understand fiscal years or else fell victim to a typo.

Look, I have an MBA and a JD and an LLM. I've been working for Big 4 firms or publicly-traded companies since the 1990s. I actually know what I'm talking about in this regard. ****, my company just pushed the button on our Q1 financials yesterday, so I repeat this routine four times a year every year.

Why can't you just acknowledge that?

 

[TheOriginalCane]

Now maybe you've read that and think "This proves Cali was wrong". To that I submit the actual ******* tweet that started this:

This dude CLEARLY says FY25 EADA data!

SO if the Tweet here was actually not full of ****, I'd have been correct lmao. I thought this was New EADA data showing the NEW 2024 football seasons revenues. It is not.... The $230M Miami revenue report is for the 2023 football season....

Can I just add one more point here.

You based all of your opinions, and all of your arrogant dismissals of my (accurate) comments on this guy:

So you chose to believe a VITREORETINAL SURGEON on issues of college revenue numbers instead of, you know, a guy with an undergraduate degree in Finance, a guy with an MBA, and a guy with a master's degree in Tax Law.

Yep. You **** all over me for God knows how many posts, and are now trying to declare that you "were right" if only the VITREORETINAL SURGEON's Twatter porst wasn't "full of ****" as you say.

And let's not forget that he's a Mormon. Don't even get me started on THEIR accounting and legal customs and practices.

Stunning.

I still do not see an apology from you. I could forgive you for falling for the VITREORETINAL SURGEON's poor misunderstanding of business, but I believe that we are still lacking any sort of apology or mea culpa for you acting so arrogantly while telling me that it doesn't make any sense for a business NOT to make a profit distribution before the close of the fiscal year.

Perhaps you would benefit from humbling yourself and admitting the error of your ways, like Gob Bluth.

 

[TheOriginalCane]

1) I absolutely Still DISAGREE with you completely regarding WHEN the payouts are made by the conference. The most recent ACC tax filings were filed May 2025 and that's why all these news articles are written May/June 2025. But that is for the 2023 Football season because its for FY24 (7/1/23-6/30/24). Okay so this absolutely does NOT include the New conference members, the new Success Initiative, and unequal Media Ratings changes. Which I have 100% been saying. No issues there. But I completely disagree that you are saying the ACC distribution (actual $ transfer from Conference to School) occurs outside May 2024 for the 23-24 tax filing. In the ACCs tax filing it literally shows the amount paid to the University of Miami being $45.6M for the 2023 football season. So Imo this distribution should absolutely be included in the University of Miamis FY24 tax accounting (6/1/23-5/31/24). Unfortunately in Miamis actual tax filings it doesn't breakout any of this - nor does it actually report just athletic departement revenues/expenses. Miami FY24 tax filing only reports $317M in revenue in "auxiliary enterprises, including intercollegiate athletics, parking, student housing and student dining". So we don't have what JUST the Athletic Department brought in from the FY24 reporting. BUT I still believe I'm 100% correct that the FY25 tax filing by the ACC which will likely release sometime soon here will include the NEW Success Initiative/etc and WILL be reflected in the University of Miami FY25 filings as well. This is because I absolutely believe the payment IS made sometime in may.

This one's easy.

You're wrong.

Your opinions and beliefs don't matter. You're just factually wrong.

 

[Calinative]

OK, @Calinative , let's take a look at the articles YOU linked, and see how badly you misinterpreted them.

First article:

Summer 2025
View attachment 362361
Fiscal Year 2024 numbers, using past-tense verbs, because it already happened:
View attachment 362363
Fiscal Year 2025 EXPECTATIONS, using future-tense verbs, because it hasn't happened yet:
View attachment 362364
Here's some info on the FIRST year of the Success Initiative, for FY2025. Note how it says "project" earnings (not distributions, which follow earnings). Earnings are projected in 2025 because they have not yet been finalized by Summer 2025, and they **** sure haven't been distributed. Notice whose name is NOT "topping" the initial success initiative, for the reasons I stated earlier.
View attachment 362365
Again, here is the FY2025 Success Initiative, for which Miami WOULD RECEIVE (in the future, because future tense verbs are being used) a total of $3.6 million for the Top 25 finish and the Pop Tarts Bowl.
View attachment 362366
Here we go again, by Summer 2025, we can PROJECT (in the future) how much Miami EARNED in FY2025 (but had not yet received in a distribution), because the numbers have not yet been finalized or paid out:
View attachment 362368
The "TV ratings" formula:
View attachment 362369



So, now, I must ask the question: did you even read the first article you posted?

Honestly, I'm not even going to address the second article, which also does not support your claims.

Instead, I'm going to highlight the funniest paragraph you posted. The one in which you display a massive and fundamental misunderstanding of corporate accounting, business revenue and expenses, audited financial statements (required of large non-profits such as the ACC) and how business entities actually operate. Please, FOR THE LOVE OF GOD, tell me what college or school you attended at UM, because it cannot possibly be the School of Business.


Here is the bull**** you wrote:

View attachment 362371

First, you ASK why a business entity would make distributions AFTER the fiscal year ends. This question alone leaves me speechless. I have no idea why a human being would think you make distributions BEFORE the fiscal year ends. Every bit of the first article YOU LINKED uses careful language to differentiate between the prior year (past-tense verbs) and the current year (future-tense verbs, because the earnings are being finalized and the distributions are yet to be made).

Then you say "that makes no sense". And that "EVERYTHING" you have seen "indicates" (or supports) your assumption. Yet nothing could be further from the truth. You have not provided a shred of evidence or support to prove your asertion that the "May distribution" relates to the fiscal year that ends 6 weeks into the future. BECAUSE IT ISN'T TRUE.

I'm sorry, but this is why I have a hard time having respect for any of your postings that CLAIM to have insight into standard business practices and procedures. Like when you kept telling us that some "guaranteed annual payment" would always be better than a royalty-based payment that a university could positively impact via better on-field results and marketing efforts.

I wish you could just act like a man and acknowledge that some posters on this board know more about business, generally, and the sports industry, specifically, than you claim to know. That's just a simple truth.

Maybe you're smart in other subject matters, and you are terrible at business. It's nothing to be ashamed of. Maybe you are a great engineer or musician or nurse or architect, as Miami offers degrees in those fields.

But you will never be hired by Nick Kroll's production company, because you are bad at business.

Lets right off the jump accept that THIS is the ORIGINAL Tweet @Tony4Canes posted that Started this entire Conversation. YOU were the FIRST person to respond to it. I only responded to you. Now that we all accept that.....

- In your response you note that FY25 should be the 24-25 academic year (and thus the 2024 Football Season). FY25 for the ACC is 7/1/24-6/31/25... And right off rip we get to the heart of the issue lol. Isn't it strange how what we thought was EADA data for FY25 (6/1/24-5/31/25) - which is reported by the University of Miami - YOU assumed would reflect the 2024 football season? I wonder why that would be the case... I mean the only LOGICAL reason is because you think in the Universities Tax filings and EADA survey posting, they are reporting Revenue Received from the 2024 football season by May 31 2025... lol Surely that must mean that by May 31 2025 you believed Actual Money was passed from the ACC to the University of Miami for the 2024 football season results.... Or if every party is accounting for the 2024 football season in their 2025 FY reporting then it really doesn't matter what date the $ actually transacted imo. The POINT I was 100% stating and you are disagreeing with is this.

- THEN You say our CFP bump aka the ACC success initiative payout (in its 2nd year in effect) wouldn't show until EADA FY26 which again would be the ACCY FY26 (7/1/25-6/31/26) and be 6/1/25-5/31/26 in the University of Miamis reportings. Which Implies two very important things. First of all AGAIN it accepts that FY26 would show the payout for the 2025 football seasons results, which feature the CFP bump. Secondly because of that, it shows that FY25 would show the FIRST year of the ACC Success Initiative because that is based on the 2024 football season when SMU/CAL/Stanford Joined and the SuccessInitiative + Unequal Media Ratings distribution went into effect.

There is no other ******* way to put that, than YOU ADMITTED at the very start of this conversation that the FY26 reports SHOULD SHOW our CFP bumps, and the FY25 reports should show the FIRST yr of the new ACC distribution method.

Just ******* logically:
- Most Current ACC, Miami Tax, and EADA data is for FY24. The ACC reported their FY24 (7/1/2023-6/31/2024) tax info on May 15th 2025. Miami submitted its FY (6/1/2023-5/31/2024) tax info on April 12 2025. The FY 24 EADA data was collected and submitted sometime in October 2024. This is the most recent public information we have.

- For FY25, the ACC will submit its tax info for 7/1/2024-6/31/2025 sometime in the next week or two. Miami already has an audit out but the 990 form isn't uploaded yet. The FY25 EADA data Was collected in October 2025, and is what we all thought this twitter update was for, and you 100% thought it should reflect the 2024 Football seasons revenues.... And this brings up the EADA FY 25 tweet and data that I actually am going to get to at the end.... Maybe the data is actually right....

- For FY26 all the same except the ACC, Miami, and EADA FY26 reports...

From there We can look at the most recent reporting from the ACC tax filings and see that they were Made public May 2025 for FY24 and the 2023 football season running 7/1/23-6/31/24. Now Where You are Wrong IMO is

A) That the FY24 Filing (Posted May 2025) shows the payment from the conference to the School for the 2023 football season. The FY25 Filing (which will post Sometime soon This May 2026) will show the payments made from the conference to the School for the 2024 football season. This will show the new changes to the Success Initiative and Unequal Media Ratings payout structure, AND will then include SMU/CAL/Stanford when they weren't listed on the FY24 filing.... Like is your actual argument that the FY25 filing WON'T have distributions to SMU/Cal/Stanford? It truly doesn't make any sense.

B) That the ACCs FY24 Filing (posted May 2025) and thus Conference distribution Is reflected in the University of Miamis FY24 Filing AND EADA FY24 survey (which was Collected Oct 2024). Thats all there is to it for MY point to be correct and yours to be incorrect. Well technically this actually IS what your INITIAL point was agreeing with lmao.... And thus the same will be for the ACCs FY25 filing (Which should release sometime this month) and Miamis Tax+EADA FY25 filing (Which was collected Oct 2025).... and thus OBVIOUSLY The ACCs FY26 Filing (which wont come out until May 2027) and Miamis Tax+EADA FY26 filing (which again will be collected Oct 2026, but likely wont be released until who knows when).

ANYWAYS the actual EADA FY25 data is what I'm actually interested in, becuase it's really the only way we will see any Miami overall Athletic Data reporting at all. Which brings me to this entire data set just being weird. The EADA website is https://ope.ed.gov/athletics/#/
If you go the the University of Miami it CLEARLY says Reporting Year: 06/01/2023 - 05/31/2024, and Total Rev of $230,484,608.

This is why In my last post I said this dudes Data seems to be incorrect.

HOWEVER, if I further look into other programs data for example FSU, it shows 07/01/2023 - 06/30/2024, and Total Rev of $192,717,172

BUT if you just search FSU EADA 2025 reporting you can find what appears to be their 2024-2025 (aka FY25) survey submission

24 25 EADA Submission 8 20 PM - Florida State University

24 25 EADA Submission 8 20 PM

seminoles.com

Which matches the $192.7M in Total Rev.....

And then it also has their 23-24 (aka FY24) survey submission:

2024 EADA Survey Final - Florida State University

2024 EADA Survey Final

seminoles.com

which shows a $169.9M Total Rev and has the note: Football Played in the ACC Champ game.
.... Well The Year FSU played in the ACC Champ? 2023 - which appears to be shown in FSUs own FY24 EADA submission. NOW WOULD YA LOOK AT THAT, THIS ALSO Shows 2023 football season are reflected in FY24 submission! Lmao ..... But again the ACTUAL EADA website currently shows the reporting year as FY24, but shows $192M in the Total Rev, which appears to be their 2025 Rev submission....

So maybe the 2025 EADA data is actually correct like the Tweet says, it's just labelled incorrectly on the EADA website as FY24. It's stupid and confusing, but it would actually hilariously make my entire original argument 100% correct lmao....

That was a whirlwind lol. The only confusion on MY PART has been about the EADA FY25 data. If the data in the tweet and the number on the website ACTUALLY IS for FY25, imo that absolutely is 100% INCLUDING the ACCs NEW Success Initiative payout structure and will soon show in the ACCs own FY25 filing in the next week or so...

 

[Ispyin]

I lived in the DMV for many years, plus in central and southeastern Virginia. I don’t remember Rutgers being a Maryland rival. It was always Maryland and Virginia that were rivals, particularly in basketball.

Teams listing Rutgers as a rival:

 

[Ispyin]

I can absolutely ignore him now that he’s in purgatory.

Honestly, that was crazy. I had zero against him. He literally said it in writing and I showed it to him and then he said it wasn’t what he said. Is this what he does in here and elsewhere??? I never paid much attention to him.

Apparently, in this thread, everything goes

 

[Antcane]

You are fast propelling yourself towards being the dumbest porster on the board. You are really giving TouchMonkey and cookies and JADouche a run for their money.

First, I'm not even going to get into the stupidity that comes from you claiming that the distribution happens before the fiscal year.

I'm simply going to post an article FROM MAY 2025, that details the earnings and distributions FOR THE 2023-2024 FISCAL YEAR. Once again, the money that Miami reports for ITS FY2025 is from the ACC's FY2024.

Please read the article, and then apologize.

Again, the announcement of the distributions in May 2025 was based on FY2024, or as the article states "its final year as a 15-team league".

Also, there was this quote: "But with the addition of the three western schools and the settlement, the ACC’s revenue distribution will be drastically different in years to come. Cal, Stanford and SMU will get a lower percentage and the conference will reward teams for both on-field success and television viewership moving forward."

Soooo, let's recap. This May 2025 announcment of FY2024 numbers...goes AGAINST what you hypothesized at a "95% certainty" rate. There is always, I repeat ALWAYS, a lag on the calculation of numbers. That's why you file NON-PROFIT income tax returns, with the extended due date, 10.5 MONTHS AFTER THE END OF THE YEAR.

Wait, wait, let me do the math...that means, if the fiscal year begins July 1 and ends June 30...then the EXTENDED DUE DATE OF THE ACC'S NON-PROFIT TAX RETURN IS IN...DRUM ROLL...MID-MAY. Oh my god, it's amazing!!! I'm right, once again. And you're wrong, once again.

So, let's conclude here. You failed to take notice of what this "mid-May" not-actual "distribution" actually was, which was actually an announcement, 10.5 months after the conclusion of the PRIOR FISCAL YEAR, of what the PRIOR YEAR distribution was.

You really are not very smart. You thought you could razzle-dazzle me with a couple of articles, which do not actually say what you think they said.

And better yet, tell me ONE large non-profit IN THIS COUNTRY which makes profit distributions BEFORE the close of its fiscal year.

I'll wait for your genius explanation. And your apology.

ACC sets record for money earned and distributed, but league knows it needs more

The Atlantic Coast Conference earned more than $711 million in the 2023-24 fiscal year, according to its latest tax documents.

www.wral.com

Touchmonkey

 

[RVACane]

Apparently, in this thread, everything goes

Outside of stuff like the dirty nun **** thread, this is possibly the most sideways wild thread in CIS history. Just wild how it goes and goes and that it’s still going page 1. You, TOC, Rickd and your regulars really have built something here.















What you’ve built I’m not sure but it’s something.

 

[caneingville]

Attn: @TheOriginalCane

Pretty sure Tulane is an AAU member.

Is this a real article?

 

[caneingville]

Outside of stuff like the dirty nun **** thread, this is possibly the most sideways wild thread in CIS history. Just wild how it goes and goes and that it’s still going page 1. You, TOC, Rickd and your regulars really have built something here.















What you’ve built I’m not sure but it’s something.

A couple years ago in this thread, TOC bullied me, mocked me, and told me that if UM was my client he would advise them to fire me as their attorney, because I said I didn't think we should sue the ACC when FSU did.

And now we're friends.

 

[RVACane]

A couple years ago in this thread, TOC bullied me, mocked me, and told me that if UM was my client he would advise them to fire me as their attorney, because I said I didn't think we should sue the ACC when FSU did.

And now we're friends.

 

[Rickd]

Outside of stuff like the dirty nun **** thread, this is possibly the most sideways wild thread in CIS history. Just wild how it goes and goes and that it’s still going page 1. You, TOC, Rickd and your regulars really have built something here.















What you’ve built I’m not sure but it’s something.

Yeah but it is nothing compared to the realignment thread started by Regal on Warchant. They are now up to 3567 pages and one of their more recent topics was discussing how "painful" it was in 2025 to watch Miami reap the financial benefits of the CFP and brand strength ACC financial distribution which was all due to FSU's law suit. Also lamenting how successful Mario has been in building a foundation for continued success while Norvell has sucked the momentum from that program at a record level. Entertaining.

 

[Tony4Canes]

Yeah but it is nothing compared to the realignment thread started by Regal on Warchant. They are now up to 3567 pages and one of their more recent topics was discussing how "painful" it was in 2025 to watch Miami reap the financial benefits of the CFP and brand strength ACC financial distribution which was all due to FSU's law suit. Also lamenting how successful Mario has been in building a foundation for continued success while Norvell has sucked the momentum from that program at a record level. Entertaining.

Stupid **** Genetics still posting there?

 

[TheOriginalCane]

View attachment 362390
Lets right off the jump accept that THIS is the ORIGINAL Tweet @Tony4Canes posted that Started this entire Conversation. YOU were the FIRST person to respond to it. I only responded to you. Now that we all accept that.....

- In your response you note that FY25 should be the 24-25 academic year (and thus the 2024 Football Season). FY25 for the ACC is 7/1/24-6/31/25... And right off rip we get to the heart of the issue lol. Isn't it strange how what we thought was EADA data for FY25 (6/1/24-5/31/25) - which is reported by the University of Miami - YOU assumed would reflect the 2024 football season? I wonder why that would be the case... I mean the only LOGICAL reason is because you think in the Universities Tax filings and EADA survey posting, they are reporting Revenue Received from the 2024 football season by May 31 2025... lol Surely that must mean that by May 31 2025 you believed Actual Money was passed from the ACC to the University of Miami for the 2024 football season results.... Or if every party is accounting for the 2024 football season in their 2025 FY reporting then it really doesn't matter what date the $ actually transacted imo. The POINT I was 100% stating and you are disagreeing with is this.

- THEN You say our CFP bump aka the ACC success initiative payout (in its 2nd year in effect) wouldn't show until EADA FY26 which again would be the ACCY FY26 (7/1/25-6/31/26) and be 6/1/25-5/31/26 in the University of Miamis reportings. Which Implies two very important things. First of all AGAIN it accepts that FY26 would show the payout for the 2025 football seasons results, which feature the CFP bump. Secondly because of that, it shows that FY25 would show the FIRST year of the ACC Success Initiative because that is based on the 2024 football season when SMU/CAL/Stanford Joined and the SuccessInitiative + Unequal Media Ratings distribution went into effect.

There is no other ******* way to put that, than YOU ADMITTED at the very start of this conversation that the FY26 reports SHOULD SHOW our CFP bumps, and the FY25 reports should show the FIRST yr of the new ACC distribution method.

Just ******* logically:
- Most Current ACC, Miami Tax, and EADA data is for FY24. The ACC reported their FY24 (7/1/2023-6/31/2024) tax info on May 15th 2025. Miami submitted its FY (6/1/2023-5/31/2024) tax info on April 12 2025. The FY 24 EADA data was collected and submitted sometime in October 2024. This is the most recent public information we have.

- For FY25, the ACC will submit its tax info for 7/1/2024-6/31/2025 sometime in the next week or two. Miami already has an audit out but the 990 form isn't uploaded yet. The FY25 EADA data Was collected in October 2025, and is what we all thought this twitter update was for, and you 100% thought it should reflect the 2024 Football seasons revenues.... And this brings up the EADA FY 25 tweet and data that I actually am going to get to at the end.... Maybe the data is actually right....

- For FY26 all the same except the ACC, Miami, and EADA FY26 reports...

From there We can look at the most recent reporting from the ACC tax filings and see that they were Made public May 2025 for FY24 and the 2023 football season running 7/1/23-6/31/24. Now Where You are Wrong IMO is

A) That the FY24 Filing (Posted May 2025) shows the payment from the conference to the School for the 2023 football season. The FY25 Filing (which will post Sometime soon This May 2026) will show the payments made from the conference to the School for the 2024 football season. This will show the new changes to the Success Initiative and Unequal Media Ratings payout structure, AND will then include SMU/CAL/Stanford when they weren't listed on the FY24 filing.... Like is your actual argument that the FY25 filing WON'T have distributions to SMU/Cal/Stanford? It truly doesn't make any sense.

B) That the ACCs FY24 Filing (posted May 2025) and thus Conference distribution Is reflected in the University of Miamis FY24 Filing AND EADA FY24 survey (which was Collected Oct 2024). Thats all there is to it for MY point to be correct and yours to be incorrect. Well technically this actually IS what your INITIAL point was agreeing with lmao.... And thus the same will be for the ACCs FY25 filing (Which should release sometime this month) and Miamis Tax+EADA FY25 filing (Which was collected Oct 2025).... and thus OBVIOUSLY The ACCs FY26 Filing (which wont come out until May 2027) and Miamis Tax+EADA FY26 filing (which again will be collected Oct 2026, but likely wont be released until who knows when).

ANYWAYS the actual EADA FY25 data is what I'm actually interested in, becuase it's really the only way we will see any Miami overall Athletic Data reporting at all. Which brings me to this entire data set just being weird. The EADA website is https://ope.ed.gov/athletics/#/
If you go the the University of Miami it CLEARLY says Reporting Year: 06/01/2023 - 05/31/2024, and Total Rev of $230,484,608.

This is why In my last post I said this dudes Data seems to be incorrect.

HOWEVER, if I further look into other programs data for example FSU, it shows 07/01/2023 - 06/30/2024, and Total Rev of $192,717,172


BUT if you just search FSU EADA 2025 reporting you can find what appears to be their 2024-2025 (aka FY25) survey submission

24 25 EADA Submission 8 20 PM - Florida State University

24 25 EADA Submission 8 20 PM

seminoles.com

Which matches the $192.7M in Total Rev.....

And then it also has their 23-24 (aka FY24) survey submission:

2024 EADA Survey Final - Florida State University

2024 EADA Survey Final

seminoles.com

which shows a $169.9M Total Rev and has the note: Football Played in the ACC Champ game.
.... Well The Year FSU played in the ACC Champ? 2023 - which appears to be shown in FSUs own FY24 EADA submission. NOW WOULD YA LOOK AT THAT, THIS ALSO Shows 2023 football season are reflected in FY24 submission! Lmao ..... But again the ACTUAL EADA website currently shows the reporting year as FY24, but shows $192M in the Total Rev, which appears to be their 2025 Rev submission....

So maybe the 2025 EADA data is actually correct like the Tweet says, it's just labelled incorrectly on the EADA website as FY24. It's stupid and confusing, but it would actually hilariously make my entire original argument 100% correct lmao....

That was a whirlwind lol. The only confusion on MY PART has been about the EADA FY25 data. If the data in the tweet and the number on the website ACTUALLY IS for FY25, imo that absolutely is 100% INCLUDING the ACCs NEW Success Initiative payout structure and will soon show in the ACCs own FY25 filing in the next week or so...

Again, I'll make this very simple.

First, you claimed that an entity (the ACC) would actually make a profit-sharing distribution BEFORE the fiscal year ends. That is not true.

Second, you confused everyone's fiscal year. It's not my fault that UM's fiscal year ENDS on May 31st, which is BEFORE the end of the fiscal year for BOTH the ACC and F$U. which BOTH appear to be June 30th.

Please...FOR THE LOVE OF GOD...stop saying the word "logically". It doesn't apply to your arguments. It might seem logical to you, but that's because you know NOTHING about the rules of fiscal periods, revenue recognition, tax periods (and the concept of "distortion"), and other accounting and business practices and procedures.

You're just wrong. Flat-out, dead-*** wrong. You were relying on information Twatted out by a surgeon. You are clearly not the product of a business school education. You really don't know what you are talking about.

Instead of choosing the manly and responsible way out of your quagmire (i.e., "apologizing for your mistakes and personal insults"), you keep doubling and tripling down with more and more JUNK SCREENSHOTS. And mindless prattle filled with acronyms and attempts to use double and triple negatives to confuse the situation.

Here's the reality in life. If all involved entities were on the calendar-year method, this would be easy. However, when multiple entities use DIFFERENT fiscal periods, you will BY DEFINITION have timing differences. It is impossible to avoid.

Also, you clearly don't understand that it is common everyday business practice to defer revenue and accelerate expenses as much as possible, within reason. Miami's fiscal period ends BEFORE that of the ACC. Miami's athletic administrators are not pacing the hallway every May in a desperate effort to get a premature distribution from the ACC in order to accelerate revenue. That's just now how the business world works.

I'm not going to say, definitively, that you are a "stupid" person. You are not. You are using your limited intelligence in a very poor manner. What you are is IGNORANT. You don't know the rules, you don't know the procedures. Thus, you use your limited intelligence to type words like "logically" because it seems to make sense to you. But that's just now how things work. And you are too arrogant and selfish to just say "hey, maybe I should listen to the the guy with 3 business/tax-related degrees, who works for a publicly-traded companies AND has experience with multiple fiscal periods and the filing of non-profit income tax returns, instead of some surgeon."

I'm sure a number of posters will be happy that I am not going to engage in any more lengthy back-and-forth with you. I am 100% right, and you are 100% wrong. You have ignored the fact that Miami and the ACC have different fiscal periods. You have ignored the fact that F$U and the ACC have the SAME fiscal periods. You have wasted a lot of words trying to analogize F$U to Miami when they are completely different.

It's time for you to shut up, admit your mistakes, and apologize.

 

[TheOriginalCane]

A couple years ago in this thread, TOC bullied me, mocked me, and told me that if UM was my client he would advise them to fire me as their attorney, because I said I didn't think we should sue the ACC when FSU did.

And now we're friends.

I never bullied you. I absolutely mocked you.

And I definitely value your friendship.