Joined: Oct 2009
I Root For: CMU
RE: Steinbrecher's comments
(02-23-2012 10:36 AM)emu steve Wrote:
(02-23-2012 10:22 AM)CMUprof 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.
I believe that WVU's exit penalty should be the starting point. If they had stayed their contractually amount of time their buyout would have been $5 mil. Since they accelerated it the amount is now $20 mil, or 4x the amount in their agreement. I wouldn't be surprised if the MAC started there at least, who knows what they would actually get?
Temple and the BE are the ones over a barrel at this point. The BE needs this done yesterday to fill their FB schedules. This is my guess why they are negotiating with Temple. If Boise said yes to an early exit none of this would be happening.
Who will be first to put a "price" on Temple? How about 5M? What Temple is 'worth' to the MAC.
BTW, any chance the move and buyout will still fail?
There has been very little concrete information from the parties involved. My guess is that the FB members are fine with Temple but they still have to get past the Nova objection, if it's still there. I could see ECU being thrust up as a last second FB replacement.
|02-23-2012 11:17 AM