This is pretty big news. http://eye-on-collegefootball.blogs.cbssports.com/mcc/blogs/entry/24156338/32714158
Big East voting to raise exit fee to 3 x's the TV revenue share.
The Big East is in a Catch-22 where they cannot recruit new schools without all the current schools being locked in. But the current schools do not want to lock in without some hope of the new schools keeping the AQ banner. And some schools probably hope to just get out.
Lville will not participate. Even so, it only takes 75% of the schools. So, by my count, 4 of the football schools would have to vote no for the basketball majority to
winlose this. It impacts them too--just less $$$, as their share is less.
Syracuse should. If the Big East does NOT vote for this, I don't see why the basketball schools would vote to expand. Why take ECU, UCF, Houston, etc., for all sports if the football schools have one eye on the door. If WVU and Lville leave... the Big East is stuck with watered down basketball, geographic insanity, and no football. I think that is a reasonable position for the basketball schools, actually. Why should Georgetown agree to UCF just to placate schools that want to leave?
But if the football schools don't agree to raise the exit fee, what chance to they get of landing any schools at all? Or what if this leads to a lawsuit within the Big East? Maybe the whole thing implodes real quick. If so, the Big East could die--making it quicker for Syracuse to jump to the ACC perhaps. Or if the football schools agree... maybe the Big East moves quickly to add schools, making us unnecessary for football that much quicker.
I almost see this as the Big East deciding that football dying today is better than having it twist in the wind forever. It makes sense.
Also, consider this. If the BE agrees to this... and adds enough schools to survive... suppose it signs a TV deal for $8M per year per football school. Now it would cost $24M for UConn or Rutgers to jump to the ACC. While a jump to the B1G or SEC is still worth it, that makes it much harder to justify a switch to the ACC. Much less money in the ACC.
Or, perhaps SEC and/or Big XII move in quicker on the Big East carcass.
Any way you slice it, today is a big today for the Big East.