SEC Commissioner Sankey Asserts Conference's Independence Amidst Super League Talks
ICARO Media Group
In a recent interview at the SEC media days, SEC Commissioner Greg Sankey addressed the ongoing discussions surrounding the formation of a private equity-backed "super league" in college football. Sankey expressed his frustration with the backdoor approach taken by these groups and emphasized the conference's ability to make independent decisions.
The private equity firms, seeking a meeting with Sankey, had shown interest last summer in arranging discussions with the SEC commissioner. Later, leaders of the super league reached out to power conference commissioners through a text message, indicating their desire for a collaboration. These leaders had already engaged in meetings with college athletic directors and school presidents, including those within the SEC, to explore the potential consolidation of big brands, attractive gameday matchups, a revamped playoff system, and a tiered distribution model for elite programs.
The rise of private equity firms and the quest for additional revenue streams have become popular buzzwords in college sports. As the historic change of allowing schools to directly pay athletes through a revenue-sharing model approaches, universities, athletic departments, and leagues are actively seeking new sources of income, including commercial logos on football fields and naming-rights deals with corporate sponsors.
Multiple proposals have been shared nationwide, envisioning a smaller group of heavyweights in a tiered system for the 133-team FBS college football division. These proposals promise significant financial gains, potentially tripling or quadrupling the current annual distribution received by prominent schools like Ohio State, Texas, and Alabama. Despite the recently finalized College Football Playoff contract, discussions regarding these private equity-backed super league concepts are still ongoing, with further meetings scheduled for next month.
While acknowledging the appeal of big paychecks and high-profile matchups, Sankey maintained the stance that decisions regarding the management of the sport can be made within conferences or a collection of conferences. He emphasized the frustration felt by presidents, coaches, and athletic directors over the past couple of years and encouraged pursuing new ideas. Nonetheless, Sankey voiced concerns that merely injecting a significant amount of money into the system would not address the core issues causing upheaval in college sports.
Sankey acknowledged that schools within the SEC and other conferences have been approached with various proposals. However, he emphasized the SEC's strength and relationships, suggesting that decisions can be made collectively within the conference without ceding authority to external entities. He also noted that changes are already underway, with the Big Ten discontinuing its tradition of sharing ticket revenues across the league as an example.
In the pursuit of additional revenues, even the SEC has signed a deal with Southwest Airlines as its official airline. Furthermore, the proposal to add a ninth SEC football game, aimed at enhancing schedules with more significant matchups and increasing ticket sales and television revenue, has been reintroduced as a topic on the administrative agenda.
As the first expanded College Football Playoff is set to take place, with officials closely monitoring its outcome, discussions around unequal conference revenue distribution loom. The industry is grappling with the question of whether programs that generate more revenue, such as Texas, should receive a larger conference television check compared to lower-earning schools like Vanderbilt.
While external forces continue to press upon college athletics, Sankey advocates for a change from within the industry itself. He believes that the higher education system and a perception of a historically successful model have hindered progress. Sankey urges conference members to take ownership of the decisions that lie ahead as college sports undergo significant transformations.
As discussions surrounding a potential super league persist, the SEC commissioner's assertive stance underscores the conference's commitment to maintaining its independence and making decisions that best serve its member institutions.