Florida State University (FSU) Board of Trustees Chair Peter Collins warned of a substantial financial gap between FSU and other conferences, estimating it to be $30 million, $35 million, or $40 million. To address this concern, FSU's Board of Trustees convened an emergency meeting on Friday. Both Collins and FSU President Richard D. McCullough have acknowledged that all potential remedies within the conference have been exhausted, leaving potential legal action, including challenging the Grant of Rights, as the only viable option to maximize the athletic department's potential. McCullough has stated that although this was not the preferred path, it is necessary for the best interest of FSU's future.
FSU president Richard D. McCullough: "I wish we were in a different position and a different place. But we are not. We need to do what's best for this university and for our athletics department."
FSU president Richard D. McCullough on challenging the Grant of Rights: "I feel we are left with only this option to maximize our potential as an athletics department."
FSU President Richard McCullough: "This is certainly not where I would prefer to have ended up. I think that I would prefer a different pathway but I feel that we have in many ways exhausted all our options"
FSU president Rick McCullough: "After exploring all options, we are left with only this option as a way to maximize our potential as an athletic department, and it's best for Florida State University." https://t.co/03fXO3v63h
FSU president Richard D. McCullough says the school has been working on this potential legal action for a year. โI feel we are left with only this option as a way to maximize our potential as an athletic department.โ
"We have exhausted all possibile remedies within the conference, and we must do what's best for Florida State not only in the short term, but in the long term." - Florida State Board of Trustees Chair Peter Collins
Florida State Board of Trustees chairman Peter Collins: I believe we have exhausted all possible remedies within the conference and we must do what we believe is best for FSU not only in the short-term but the long-term.
โWeโre going to be $30 million, $35 or $40 million behind the other conferences. Thatโs an insurmountable gap that you have to do something about.โ โ FSU BOT Chair Peter Collins to Warchant this summer On Friday, the trustees have an emergency meeting: https://t.co/6UwoslbIRN