QueRico wrote:I agree that it is somewhat misleading, but the cash numbers do grab your attention.
The credits get paid out out over 5 years, but the exit fees have been collected.
While they aren't cutting a check, they are foregoing their cut of a big pie.
The BE bylaws had a provision for no no exit fees if schools left in a block (possibly a % of conference members) so that $35M never existed.
It's not as if a deal was cut.
As far as my useless opinion goes, The C7 is comprised of more teams than are staying & they have the name, records & history of the Big East.
They ARE the conference, the NCAA credits should stay with them!
BillEsq wrote:
That clause only worked with a 2 year notice. Since we are leaving this year it means zilch and that the C7 have to pay the exit fees.
However by leaving in a block of 7 it permits them and their new conference to automatically get a NCAA auto bid.
yorost wrote:Isn't it a bargaining chip? Might be a hollow threat to wait it out with Fox obviously wanting them out, but that is leverage in making a deal to exit early, no?
One source familiar with the talks told the Tribune early Tuesday that the sides were "rounding third base" on their discussions, indicating that the haggling was down to perhaps the last few pennies and then the votes of 30-plus presidents of involved schools.
QueRico wrote:BillEsq wrote:
That clause only worked with a 2 year notice. Since we are leaving this year it means zilch and that the C7 have to pay the exit fees.
However by leaving in a block of 7 it permits them and their new conference to automatically get a NCAA auto bid.
If that's the case, curious that it was never really brought up once the exit date was announced.
That is a significant piece of cash for the remaining schools. Again, this is a win.
Interesting to note RE: automatic bids -
In 2011, the NCAA changed the rules for automatic bids to do away with the continuity regulations (X number of schools together for @ least 5 years, etc.)
The new rules basically stipulate that a conference must have seven active Division I members that sponsor men’s and women’s basketball and that the conference sponsor a minimum of six men’s sports and six women’s sports. I am assuming that the football schools conference meets this requirement.
BillEsq wrote:Actually this isn't quite true... see the the Great West conference. That said the BEFBS schools remain technically the BE as far as the NCAA goes so they keep the auto bid for that conference. The new C7 conference despite having the BE history and name is technically the new conference and therefore would have to qualify for an automatic bid.
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