Florida State looking for an additional $300M revenue bonds on top of existing $111M revenue bonds. This does not touch on any potential penalties for leaving the ACC early (if any actually get assessed).

Florida State University says it spent $172 million on athletics in 2022-23, a $22 million spike from the previous year. However, the Seminoles’ revenue did not keep pace over that same period of time, increasing only about $9 million—from $161 million to $170 million. In light of this, FSU athletics reported ending the 2023 fiscal year with an overall deficit of $2.5 million, having previously claimed a $10.4 million surplus in FY22.

No wonder they want to go to B1G / SEC. They need the additional revenue.