Mack Brown stepping down...

[Lone Sailor]

Timely article for this thread:

http://collegesportsblog.dallasnews.com/2013/12/forbes-texas-longhorns-the-most-valuable-college-football-team-again-worth-139-million.html/

The Texas Longhorns may have finished the 2013 regular season at 8-4 on the field, but the Longhorns can’t seemed to be slowed off it. According to Forbes, Longhorn football is now worth $139 million, nearly 20 percent more than any other team in the FBS.

The Longhorns have been college football’s most valuable team since 2009. Last year they had a revenue of $109 million, which is boosted by a nation-leading merchandise sales and the Longhorn Network. According to the report, Texas is the only football team to ever cross 100 million in revenue, which its done for the past two seasons.

The Longhorns’ biggest income booster is ticket sales, which brought in $34.5 million last season. Texas also brought in $30 million from contributions and $15 million from the Big 12.

Meanwhile, Texas A&M checks in at No. 14 in the list with a value of $72 million. A&M is the only newcomer on Forbes’ 2013 list.

“The Aggies’ football revenue increased by more than $9 million over the previous season, and that was despite the team hosting one fewer home game than in 2011,” the report says.

Top 10 most valuable college football teams (according to Forbes)
1.Texas – $139 million
2.Notre Dame – $117 million
3.Alabama – $110 million
4.LSU – $105 million
5.Michigan – $104 million
6.Florida – $94 million
7.Oklahoma – $92 million
8.Georgia – $91 million
9.Ohio State – $83 million
10.Nebraska – $80 million

LOL @ Florida and Nebraska.

[juiceweezl]

Maybe? I'm going with undoubtedly.

Ok, you, sir, are correct.

[Vertnut]

Maybe? I'm going with undoubtedly.

Even June Jones might confirm that.

[Lone Sailor]

ESPN:
AUSTIN, Texas -- Texas said Wednesday it has agreed to pay former coach Mack Brown $2.75 million that would have been owed him if he had been fired, and place him in a one-year, $500,000 job as a special assistant to the president for athletics.

Both options had been part of Brown's original contract in separate clauses in case of termination or resignation. Brown announced on Dec. 14 that he would step down after Texas' bowl game and called it a "mutual" decision between himself, school President Bill Powers and athletic director Steve Patterson. He has been replaced by Charlie Strong.

Brown had reportedly been negotiating for more money. Texas agreeing to pay Brown his severance buyout and give him the job raised the question whether he was fired or resigned and why he would get both options.

"He resigned," Texas spokesman Nick Voinis said. "This is what was agreed to. We're honoring his contract."

If Brown stays on with the university beyond the one-year deal, future compensation would be discussed then, a source told ESPN's Joe Schad.

Brown's attorney, Joe Jamail, did not immediately return telephone messages seeking comment. The University of Texas System Board of Regents, which approved Brown's contract and most recently approved an extension in 2012, did not immediately respond to a request for comment.

Brown was under contract through 2020 and was one of the highest-paid coaches in the country at more than $5.4 million per year. But the coach who won the 2005 national championship and played for another in 2009 left after a four-year run that saw the Longhorns lose at least four games every season.

The contract included language that allowed Brown to move to "another significant position within the university" at a minimum of $500,000 per year if he "voluntarily relinquishes his duties" as coach.

Brown's new job will concentrate on fundraising for the nation's wealthiest athletic department.

The contract also had the $2.75 million termination payment if he was fired before Dec. 31, 2014, to be paid in four equal annual installments. The same section said that if Brown were fired, left for another program or become otherwise unable to do his job, "all obligations" under the contract "shall cease."

Information from The Associated Press was used in this report.