God****, ************, it's in the first two words:
Nike slipping with Miami was a combination of our litany of sub-par ADs (Kirby didn't care enough, the Shermanator was a disaster, and Beta Blake was a dishonest double-dealer) and our on-field product.
I didn't say "Nike succeeeding". Or "Nike kicking ***". What is wrong with you? We became a lesser priority with Nike (I guess you think they will automatically love every partner equally, no matter what the partner does) because of a combination of things that we slipped on OURSELVES. WE BOTH SLIPPED.
And you are definitely clueless on the issue of Beta Blake converting equipment and apparel into cash. It's not because "it was a **** design first". That is just something you invented. You just don't get it, and you never will. The contract called for Nike to provide certain things every year. Now, let's say that a school chooses NOT to wear a contracted-for alternate third jersey, that doesn't mean you have to accept boxes full of jerseys you won't use. You CONVERT that into a cash payment.
But when an AD does that year over year, converting equipment and apparel into cash, then you have what we got at the end of the Nike relationship. Older equipment and not enough merch to make it look like Nike is trying hard enough, which was ENGINEERED by Beta Blake. What, you think that Nike was incapable of sending us a batch of "Just Do It" shirts in orange and green? Good lord, wake up.
As for the rest of your lies, they are easily rebutted.
First, there is NOTHING that says "we are receiving far more money with adidas". That simply IS NOT TRUE. Unless you are playing bull**** calinative games, by comparing the 2015-2027 adidas contract to the EXPIRED pre-2015 Nike contract. As
@Rellyrell has pointed out repeatedly, new apparel contracts tend to "set the bar" and then everyone else surpasses the bar over time. At the beginning of an apparel contract, it is the "best ever", and by the end, it is "below market". Which is WHY YOU DON'T ACCEPT A TWELVE-YEAR DEAL. Because by the time the market surpasses your benchmark in Year 4, you are stuck with 8 more years of below-market payouts.
Second, you need to stop relitigating the 2015 deal with invented math.
@Rellyrell has clearly stated that the Nike offer was smaller on the guarantee and larger on the royalty rate. Nobody disagrees. We can hypothesize on the impact of this until the end of time. BUT GIVEN WHAT THE MARKET HAS BECOME, PARTICULARLY IN THE FANATICS ERA, it is easy to build a sales model on which the higher royalty rate results in a larger OVERALL payout. That is not some fantasy game.
@Rellyrell has already cited OTHER SCHOOLS that have benefited MORE from a higher royalty rate, and those schools don't have the same nationwide cachet that Miami has.
I get it, you are going to mope about how Miami "wouldn't have sold more because the team sucked". OK. Whatever. But as I've pointed out, the Fanatics SALES CHANNEL has raised the volume of sales (and profit) FOR ALL SCHOOLS, not just the ones that win 10 games. Thus, VANDERBILT is selling more merch (and making more profit). WAKE FOREST is selling more merch (and making more profit). And under THAT FACTUAL SCENARIO, it is not so crazy to conclude that Miami would have made MORE MONEY (and possibly a LOT more money) with a lower-guarantee/higher-royalty-rate deal. Also, keep in mind that my repeated reference to "more profit" comes from the changes in inventory management and online sales that do not force places like the UM Bookstore to eat huge quantities of "last-season's" merch every year.
This is what is so painful, trying to have a conversation with you. I've worked with publicly-traded companies where you have to MODEL the economic outcomes. Yes, you can't "prove it" before it happens. Which is why you use COMPARABLES. You say "if Vanderbilt can sell 10% more, is it reasonable to assume that Miami can sell 20% more?" This isn't shocking, it's what businesses do EVERY DAY.
Yet you are going on and on about how
@Rellyrell and I can't "prove" that Miami would have made more money with Nike. Fair enough. But if EVERY OTHER SCHOOL is selling more merch these days, Miami would have to be pretty ****tarded to be the only one out of 100 Nike and/or adidas schools that can't sell more merch in the Fanatics era.
So keep yammering. Nothing will ever be good enough for you. You are that stubborn guy who is stuck on "guranteed money". You probably want all your salary in cash, no stock comp, no stock options. NOPE, just cash on the barrelhead.
Good for you. If it worked in the 1800s, I'm sure you should just stick with it.