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Steinbrecher's comments - CMUprof - 02-22-2012 11:17 PM
http://abcnews.go.com/Sports/wireStory/ap-source-temple-owls-talks-big-east-15767704#.T0W765hFsfM
There was discussion around here about what advance notice was required. According to this article it is 2 seasons notice plus 2.5 mil.
Last year, the MAC added Massachusetts as a football-only member, beginning in the 2012 season. At the same time, the MAC put in place new exit provisions which state that any football-only member wishing to leave the conference would need to provide notice two football seasons before departure and pay a fee of $2.5 million.
Let's hope our commissioner takes them to the cleaners!
RE: Steinbrecher's comments - emu steve - 02-23-2012 05:06 AM
(02-22-2012 11:17 PM)CMUprof Wrote: http://abcnews.go.com/Sports/wireStory/ap-source-temple-owls-talks-big-east-15767704#.T0W765hFsfM
There was discussion around here about what advance notice was required. According to this article it is 2 seasons notice plus 2.5 mil.
Last year, the MAC added Massachusetts as a football-only member, beginning in the 2012 season. At the same time, the MAC put in place new exit provisions which state that any football-only member wishing to leave the conference would need to provide notice two football seasons before departure and pay a fee of $2.5 million.
Let's hope our commissioner takes them to the cleaners!
Wonder what the MAC office will do with the financial windfall?
RE: Steinbrecher's comments - Polish Hammer - 02-23-2012 06:58 AM
Yeah, everyone seems to think we're all going to be rich, especially after that gets cut so many ways.
RE: Steinbrecher's comments - emu steve - 02-23-2012 07:16 AM
(02-23-2012 06:58 AM)Polish Hammer Wrote: Yeah, everyone seems to think we're all going to be rich, especially after that gets cut so many ways.
I believe the money will be used to guarantee ticket sales for bowl bids.
The reason we can AFFORD to do as many as 5 bowl games is that someone can afford to guarantee ticket sales to some bowl game 2,000 miles from one of our team's campus.
I don't see the MAC sending checks to member institutions.
(I'd assume the MAC office uses BCS monies now to guarantee ticket monies to the bowls).
RE: Steinbrecher's comments - DrTorch - 02-23-2012 08:19 AM
So what's the payout if it's less than 2 seasons?
RE: Steinbrecher's comments - Rocket75 - 02-23-2012 08:29 AM
The reports I have read say Temple might have to pay $5 million to pull out immediately, That is a big hunk of change.
RE: Steinbrecher's comments - uakronkid - 02-23-2012 08:33 AM
(02-23-2012 08:29 AM)Rocket75 Wrote: The reports I have read say Temple might have to pay $5 million to pull out immediately, That is a big hunk of change.
It's chump change in the world of D-I football.
RE: Steinbrecher's comments - Steve86 - 02-23-2012 09:15 AM
(02-23-2012 08:33 AM)uakronkid Wrote:(02-23-2012 08:29 AM)Rocket75 Wrote: The reports I have read say Temple might have to pay $5 million to pull out immediately, That is a big hunk of change.
It's chump change in the world of D-I football.
Not in our part of the world
RE: Steinbrecher's comments - RecoveringHillbilly - 02-23-2012 09:19 AM
(02-23-2012 08:33 AM)uakronkid Wrote:(02-23-2012 08:29 AM)Rocket75 Wrote: The reports I have read say Temple might have to pay $5 million to pull out immediately, That is a big hunk of change.
It's chump change in the world of D-I football.
Depends on what part of that world it's happening. WVU needed a $10M loan from the Big12 to complete the $20M exit fee, which at that level of AQ was doable. Boise needed a $10M loan from the nBE, and they couldn't pull it off. $5M for Temple plus their A-10 penaly collected from various sources is easier but certainly not chump change.
RE: Steinbrecher's comments - NIU007 - 02-23-2012 09:20 AM
That's only 380K per remaining school. Certainly useful, but not exactly a windfall.