[UPDATE] "We take reports of possible unethical behavior very seriously."

@oregonstate.edu has responded to my request for comment sent to Scott Barnes. #GoBeavs

Story updated with their full statement ☝️

That's because Blaylock is a conman lol

^ via @johncanzano.bsky.social www.johncanzano.com/p/canzano-or...

Hi Michael!

Well?

You should def support Ryan as well as read the article.

No that’s the thing. We *do not* get any sort of minimum.

There is *no minimum* guarantee. This isn’t that difficult.

The guarantee is that they won’t tax that first $750k should they generate it.

But then they tax it later anyways. That’s all just creative accounting but in the end math is math.

And the other part?

It’s bc talking about the deal, in detail and without spin, would lead to more questions than answers.

And the AD knows if they have to answer those questions, it would reveal things are far worse than they’re letting on.

At $850k, BP makes $75k (8.8%)
($750k (0%) + $100k (75%))

At $950k, it’s $150k (15.8%)

$1.05m, $225k (21.4%)

$1.15m, $300k (26.1%)

Now add in the management fee, and we pay BP $584k to return return $1.15m. Net, that’s $566k for OSU (49.2%)

Per Ryan Harlan, OSU is paying BP $284k right from the start.

Puts us -$284k in the hole.

That hole counts towards the $750k they “promise” to generate. And that $750k is *not* guaranteed.

It’s untaxed, temporarily, until we eclipse the $750k threshold.

Collectives are only necessary for schools eclipsing the $20.5m rev-share threshold.

We’re not going to do that, per Barnes.

So why *pay* a company to “help” get more when we should just focus on filling up the tax-deductible rev-share pool, at no additional cost?

That is what doesn’t make sense.

I wonder why they won’t spell it out???

It starts $300k in the red. For a school whose AD publicly claimed wouldn’t hit the rev share ceiling. So, what did we need frosting for?

And again, the 75% is to “recoup costs” from the first “$750k” (not $750k) so that 0% IS NOT 0%. It’s effectively 26% at $1.15m and then becomes 50%(!!!).

It’s a bad deal.

And it was signed by someone that’s either an idiot, a crook, or both.

There’s no language that says BP is on the hook for $750k no matter what. They’re on the hook to RAISE $750k as an agreed floor, otherwise OSU can walk (but still have to pay the management fee). This is the exact spin Blaylock was hoping he’d create by being vague about the numbers.

On a futures win tonight??

Looool 💀