(01-16-2013 09:58 PM)JPSchmack Wrote: (01-15-2013 05:31 PM)johnbragg Wrote: Quibble--Notre DAme was a full party to the Mutual Commitment Agreement (pre-nup). They're walking away without an exit fee if they wait the 27 months, which they're publicly willing to do. (They know that they won't have to wait that long, but they won't ask to leave early.) Either they keep their 18 credits, or everybody's credits get tossed in a pot and ND gets 1/11.
Major point: We're going to have to pay for the name and the Big East Conference intellectual property.
The Quibble: Notre Dame would still draw their shares while they're a member, but walk away from everything coming from the NCAA after the day they join the ACC. That would just lower my numbers a bit because I didn't realize they were sticking around an extra year.
No, the point is, they're covered separately under the "Pre-NUp." Notre Dame's AD (I think) said that no, they're actually not paying an exit fee. Which I think means that they activated their separation rights under the pre-nup (it was technically a three-way ND/IA/Non-IA agreement)
IF they're not paying an exit fee because PreNup, logically they're also not walking away from their credits.
Quote:The Major Point: Yeah, but the payment for the Big East name is going to come from that Pitt/SU/Louisville/WVU pool of dough.
The West Virginia dough is already gone. Most of it gets paid out of the year-end revenue distributions, which means the money doesn't go into a bank, it goes straight to the other members. Pitt and Syracuse are going to give everyone $10M to split out of their 2013 Big East revenue checks. That $10M instantly gets split 14 ways. Same for Rutgers' and Louisville's exit fees in June 2014.
Quote:The real reason the units are "in play" is because of the name:
The NCAA pays the Tournament Loot to the conference, so if the C7 is the Big East, the BEFB group is losing their money even though THEY STAYED and the C7 LEFT.
Doesn't work that way. When the Big 8 became the Big 12, the checks for their NCAA credits kept coming to the same address. I believe that the NCAA will be sending the money to the FBS conference, because that's the one with the continuing autobid. However, as part of the settlement, the FBS conference would be sending us a check the same day for our share of that money.
Quote:I think it'll be a pretty easy thing to do. The Big East name is way more valuable to basketball than football, and they know it. So they can just ask for all of the "Those Who Left" NCAA loot in return, and maybe some OOC games.
You're right. We get the name, they get the credits and exit fees from Those Who Left. We should probably stop trying to convince fans who thought they had a lottery ticket to a power conference and are now down to C-USA with a Big East logo. They're probably not going to be persuaded to hand over the logo, until their teams do it, at which point they will be very glad to get rid of it, and Oceania has always been at war with Eastasia.