SMU raises more than $100 million in 1 week to help its ACC transition - The Athletic
Not just another day on the farm, but just enough time for a six pack at the Pump Jack in West Texas.[/color]
Quote:SMU has raised more than $100 million in seven days to help its transition to the ACC next year, the school announced Monday. Here’s what you need to know.
On Sept. 1, SMU accepted an invitation to join the ACC alongside Stanford and Cal, beginning next season. As part of that agreement, sources familiar with the arrangement said SMU will forgo nine years of ACC television money, around $24 million per year.[/color]
[SMU boosters told The Athletic they plan to give more than $200 million to offset the absent TV money. This $100 million was raised by a small group of 30 donors, according to the school.In addition to this money, SMU announced that men’s basketball season ticket sales have jumped 30 percent since the Sept. 1 announcement, and “hundreds” of new football season tickets have been sold as well
Not just another day on the farm, but just enough time for a six pack at the Pump Jack in West Texas.[/color]