West Virginia, Big East Talking $20M Buyout According To Report
by Sean Keeley on Feb 8, 2012 4:23 PM EST
Email
PrintHere we go, Orangeladies and Orangegentlemen. According to Brett McMurphy, who is rarely ever wrong about these things, West Virginia and the Big East have finally sat down to talk about a buyout in the range of $20M, ending their legal battles and allowed the Mounties to leave for the Big 12 in 2012.
West Virginia and the Big East Conference are nearing agreement on a settlement worth at least $20 million that would resolve all issues between both parties, college football industry sources told CBSSports.com.
The Mountaineers will join the Big 12 for the 2012-13 school year. However, in a bizarre twist, sources told CBSSports.com that West Virginia officials have contacted future Big East members to see if one could join in 2012 instead of 2013.
Here's how f***ed Syracuse and the rest of the Big East schools will be in 2012 if we wither don't find a replacement or move to the ACC....
Syracuse has already put a FCS school on its schedule (Stony Brook) and still has an open slot to fill. The pool of available schools is pretty meh. Without West Virginia, not only would Syracuse have to fill ANOTHER spot on the schedule, but they'd be left with six conference games. Half of Syracuse's schedule will be non-con games and the chances that two of them will be against FCS schools is high.
In other words, assemble Voltron and let's jump ship RIGHT NOW. It's every school for themselves at this point and we've got a lifeboat sitting there waiting for us.
DOC Gross, call whoever you need to call to get $20M ready, walk it over to Marinatto's door, dump it on the floor, ring the doorbell, RUN and don't stop until you're in Greensboro.
More to come, I'm sure...
27 comments
|
0 recs |
Do you like this story?
Comments
just wait til WVU leaves
then sue the Big East for $20Million, but offer to settle for an immediate release for the original exit fee and call it a day. #WINNING
F#&% the Big East
I'm not a lawsuit person
But this is definitely a foul. They leave the whole league in limbo because there is almost no way they can get a team that fast. Besides losing a game, they could lose the BCS cash if they don’t keep the AQ with a 7 team league. The BE is beyond ridiculous. The next time the commish mentions holding a team to the 27 month period, he should immediately be smacked in the head. Over and over again. Until he falls down.
BTW: Good for WV. They had the money to prove this league has no power over anything, including their own bylaws. Are you paying attention Boise?
20M is ALOT of money
much of which we do NOT have, otherwise we would have a new football facility by now.
Unless they drop the price, there is no way I see us paying that.
Get ready to add Colgate to next years schedule as well.
ACC in 2013
This will open the door for ‘Cuse and Pittsburgh to leave for the ACC in 2013 with, what I would guess, a buyout not more the $7.5 million. I think the ACC is too far down the road in scheduling to take on two more teams next fall, so I can’t see anyone in NY or PA pushing the issue to make the move this summer. The Big East has enough teams coming on board in 2013 that losing two would probably make life a bit easier (on a side note, with Memphis joining up, if Syracuse and Pitt don’t wind up leaving until 2014, get ready for the PR folks to have a field day with the 13 in ’13 marketing campaign!)
What will the Big East do with the $20M from WV?
Spread it out among member schools? Will SU get a piece of that pie?
'91 SU alumnus
If I'm not mistaken that's around the total BCS take.
So basically they can budget as if WVU won again next year, only this time the cash is divided evenly.
The 'Cuse is in tha house, oh my God oh my God.
But we have no say in this
even though we are being held to our end of the contract, we cant voice an opinion with our contractually guaranteed voting rights.
May Doug Marrone bless you and keep you.
We wouldn't have to pay 20 Million
We argue that the WVU game is worth at least 2 Million dollars to our football/basketball brands, we argue that the TCU game was worth at least 1 Million to our Football brand. Say losing these two game hampers our schedule, and the cost of rescheduling for say a cool million. Thats 4 million or so in damages, not to mention the next 2 years without WVU. I say if WVU leaves we get out with a buyout in the 10-15 million range.
If we have to pay $20 million
I say wait it out and build football facilities instead. Those will help more in the long run than switching conferences will.
It's $20M because they're trying to leave on such short notice
And pretty much everyone scheduled this year assuming we’d have TCU and WVU. On the other hand everyone (except the Big East’s official spokesmen when speaking officially for the Big East) has expected SU & Pitt to be gone for the 2013 season (and in any case enough new guys will be here for 8 conference games even if two more schools join us in leaving then).
While we are on the topic...
May Doug Marrone bless you and keep you.
by ryanwk628 on Feb 8, 2012 5:34 PM EST reply actions 1 recs
Fuck, Pitt is in the same situation
This could get ugly fast
I really only see this as a good thing
It sets a precedent that will allow Syracuse to get the f*ck out of dodge ASAP. I doubt WVU is cutting the Big East a fat check for $20 mil on the spot. It’ll likely be deferred or otherwise spread out over time. Syracuse can/will do the same and we can look forward to a strong ACC basketball lineup in the fall.
"If I ain't gonna be part of the greatest, I gotta be the greatest myself." Busta Rhymes
and a 3 win football season in the ACC
by OrangeinJersey on Feb 8, 2012 6:27 PM EST up reply actions
WVU is stupid to pay the $20M. Its an economically depressed state, and that $20M could do better stuff than pay an exit fee. I say any trustee who agrees to that buyout fee should lose their position on the WVU Board.
Same for SU. No way I would want them to pay $20M. Id rather see $20M invested in athletics and academics. It is not like if we dont pay it we are stuck in the Sun Belt conference forever.
If the Big 12 is paying the $20M for them
or even half of it — and since getting them in next year keeps them from losing their TV contracts, it’s certainly worth it to the Big 12 — then it’s not stupid at all.
For $20 million
Providence could get some nice new locker rooms
So basically
A league that is holding is to our contract as far as staying in the conference is concerned yet (which is fine) doesn’t allow us to vote, and now will let a different team leave before us that will screw us out a decent chunk of money. All of this after doing nothing to keep up with the current climate in college sports forcing our hand to make a move.
Give them 20 mill, a bag of dogshit on fire, a polaroid of our middle fingers and get the f*ck out of this joke of a conference.
Holy Shit
If this was UMASS and this was MY TAX DOLLARS, I’d be flipping out. So ridiculous and such a waste of money. Just wait the two years!
"We don't lose hat and t-shirt games" - Tedy Bruschi
Ignoring the fact that UMASS is terrible at anything
I just mean that that’s the state university my taxes go to
"We don't lose hat and t-shirt games" - Tedy Bruschi
If that were the only
negligent waste of state tax dollars you get upset about, wed have bigger issues. My TOWN of 27K has an annual budget of $103,000,000. FML.
May Doug Marrone bless you and keep you.
Comments For This Post Are Closed
Secondary Sidebar
User Tools
FanPosts
Community blog posts and discussion.
Recent FanPosts
SBNation.com Recent Stories
FanPosts
Community blog posts and discussion.
