Wedge
Hall of Famer
Posts: 19,862
Joined: May 2010
Reputation: 964
I Root For: California
Location: IV, V, VI, IX
|
Boise State settles with AAC for $2.3 million
Holiday afternoon news dump:
Boise State, American Athletic Conference settle lawsuit
Quote:Boise State agreed to pay a negotiated exit fee of $2.3 million, according to documents obtained by the Idaho Statesman. The AAC was given $1.6 million earlier this week and will receive $140,000 per year for the next five years. Boise State earlier paid a $1.79 million exit fee to the Big West, where the schools other sports would have gone should football have left for the Big East/AAC. Most of the money for both exit fees will be covered by $3 million from the Mountain West, with the other $1.1 million coming from the national television bonuses Boise State receives. In November 2010 in a similar situation, TCU agreed to join the Big East in July 2012, but never actually was a member, choosing to join the Big 12 on that date instead. The Big East successfully sued for the full $5 million.
|
|
07-03-2014 08:45 PM |
|