Tigers might now pay 'only' around 1.7 million in exit fees >>>


http://www.commercialappeal.com/news/201...ppeningnow

And if they exit on a Tuesdays, it's double discount day.

This confirms that $6+million in exit fee number.

(02-25-2013 09:12 PM)Tigers2B1 Wrote:  Tigers might now pay 'only' around 1.7 million in exit fees >>>


http://www.commercialappeal.com/news/201...ppeningnow

Just don't ask some of them (Tiger fans) to pay $20 or they'll boycott.

So essentially Memphis just decides to not accept some previous basketball tournament revenue shares and instead just applies that to the total estimate of $6.6 Million in exit fees to CUSA.....

Any way they want to word it, its still a $6.6 Million dollar hit to join the Big Least.

Money earned that you spend is still money spent. Memphis has the credits to spend. Good for them. That is not the case for some of the other schools though.

Interesting quote:

Asked about the league’s then-upcoming television negotiations last February, Johnson said: “The anticipated amount going forward is well into above $10 million per school.”


WOW....talk about being mislead. I'm serious when I say that it wouldn't surprise me to see Houston bolt to the MWC and for a few schools to consider a lawsuit against the Big Least on basis of false pretense.

(02-25-2013 09:12 PM)Tigers2B1 Wrote:  Tigers might now pay 'only' around 1.7 million in exit fees >>>


http://www.commercialappeal.com/news/201...ppeningnow

So, if the Tigers were to make a deep run in the tourney this year, could CUSA end up owing us?

(02-25-2013 09:54 PM)EagleRockCafe Wrote:  Money earned that you spend is still money spent. Memphis has the credits to spend. Good for them. That is not the case for some of the other schools though.

That is true.

(02-25-2013 09:54 PM)EagleRockCafe Wrote:  Money earned that you spend is still money spent. Memphis has the credits to spend. Good for them. That is not the case for some of the other schools though.

Good point --- a school like ECU for example, which doesn't have the charter member discount or any NCAA basketball credits to offer (right?) might have to give some serious reconsideration to a move that looks like it will bring them only 900 thousand a year (since ECU is a "football only invite"). Guess we'll see.

(02-25-2013 09:50 PM)MUHERD76 Wrote:  So essentially Memphis just decides to not accept some previous basketball tournament revenue shares and instead just applies that to the total estimate of $6.6 Million in exit fees to CUSA.....

Any way they want to word it, its still a $6.6 Million dollar hit to join the Big Least.

I'd word it a little differently, but the result is the same. Actually, Memphis does accept the the tournament credits and gives them to CUSA to pay down the exit fee.

The $6+million exit fee has been out there since the day that the departure was announced. That's the only number I've ever heard from any university official. Not sure what generated your last sentence, it's always been that number.

Any way you look at it, it's over $6Million to leave the conference and that number hasn't changed since the day of the press conference.

(02-25-2013 09:54 PM)EagleRockCafe Wrote:  Money earned that you spend is still money spent. Memphis has the credits to spend. Good for them. That is not the case for some of the other schools though.

Exactly.

(02-25-2013 10:16 PM)oldtiger Wrote:  

(02-25-2013 09:50 PM)MUHERD76 Wrote:  So essentially Memphis just decides to not accept some previous basketball tournament revenue shares and instead just applies that to the total estimate of $6.6 Million in exit fees to CUSA.....

Any way they want to word it, its still a $6.6 Million dollar hit to join the Big Least.

I think that your wording is wrong, but the result is the same. Actually, Memphis does accept the the tournament credits and gives them to CUSA to pay down the exit fee.

The $6+million exit fee has been out there since the day that the departure was announced. That's the only number I've ever heard from any university official. Not sure what generated your last sentence, it's always been that number.

Any way you look at it, it's over $6Million to leave the conference and that number hasn't changed since the day of the press conference.

You are right OldTiger. Its just been a long day with my business. Busy time right now. Mentally exhausted.

(02-25-2013 10:19 PM)MUHERD76 Wrote:  

(02-25-2013 10:16 PM)oldtiger Wrote:  

(02-25-2013 09:50 PM)MUHERD76 Wrote:  So essentially Memphis just decides to not accept some previous basketball tournament revenue shares and instead just applies that to the total estimate of $6.6 Million in exit fees to CUSA.....

Any way they want to word it, its still a $6.6 Million dollar hit to join the Big Least.

I think that your wording is wrong, but the result is the same. Actually, Memphis does accept the the tournament credits and gives them to CUSA to pay down the exit fee.

The $6+million exit fee has been out there since the day that the departure was announced. That's the only number I've ever heard from any university official. Not sure what generated your last sentence, it's always been that number.

Any way you look at it, it's over $6Million to leave the conference and that number hasn't changed since the day of the press conference.

You are right OldTiger. Its just been a long day with my business. Busy time right now. Mentally exhausted.

....and I changed what I said from "your wording is wrong" to "I'd word it differently"; which carries a different "tone".

(02-25-2013 10:16 PM)oldtiger Wrote:  

(02-25-2013 09:50 PM)MUHERD76 Wrote:  So essentially Memphis just decides to not accept some previous basketball tournament revenue shares and instead just applies that to the total estimate of $6.6 Million in exit fees to CUSA.....

Any way they want to word it, its still a $6.6 Million dollar hit to join the Big Least.

I'd word it a little differently, but the result is the same. Actually, Memphis does accept the the tournament credits and gives them to CUSA to pay down the exit fee.

The $6+million exit fee has been out there since the day that the departure was announced. That's the only number I've ever heard from any university official. Not sure what generated your last sentence, it's always been that number.

Any way you look at it, it's over $6Million to leave the conference and that number hasn't changed since the day of the press conference.

Fans of several other schools swear they're only paying $500,000.

I don't know how the exit fees work and don't really care since Charlotte won't benefit from them anyway.

(02-25-2013 10:26 PM)Niner National Wrote:  

(02-25-2013 10:16 PM)oldtiger Wrote:  

(02-25-2013 09:50 PM)MUHERD76 Wrote:  So essentially Memphis just decides to not accept some previous basketball tournament revenue shares and instead just applies that to the total estimate of $6.6 Million in exit fees to CUSA.....

Any way they want to word it, its still a $6.6 Million dollar hit to join the Big Least.

I'd word it a little differently, but the result is the same. Actually, Memphis does accept the the tournament credits and gives them to CUSA to pay down the exit fee.

The $6+million exit fee has been out there since the day that the departure was announced. That's the only number I've ever heard from any university official. Not sure what generated your last sentence, it's always been that number.

Any way you look at it, it's over $6Million to leave the conference and that number hasn't changed since the day of the press conference.

Fans of several other schools swear they're only paying $500,000.

I don't know how the exit fees work and don't really care since Charlotte won't benefit from them anyway.

The key work is "Fans" of other schools. I have yet to hear anything other than what has been repeated by Banowsky and other CUSA officials. The linked article further enforces what we've always heard. If Memphis has to pay it, I'm sure everybody else will have to also.

If anybody is getting the shaft on this deal, its Memphis. I like the Memphis program and didn't want to see them leave CUSA but I understood why they did it at the time. The C-7 leaving along with Notre Dame/Louisville just really pulls the rug out from underneath Memphis. For Memphis its primarily about basketball. Temple will remain but thats about it. We all know its just a matter of time before UCONN and Cincy move on.

(02-25-2013 10:26 PM)Niner National Wrote:  

(02-25-2013 10:16 PM)oldtiger Wrote:  

(02-25-2013 09:50 PM)MUHERD76 Wrote:  So essentially Memphis just decides to not accept some previous basketball tournament revenue shares and instead just applies that to the total estimate of $6.6 Million in exit fees to CUSA.....

Any way they want to word it, its still a $6.6 Million dollar hit to join the Big Least.

I'd word it a little differently, but the result is the same. Actually, Memphis does accept the the tournament credits and gives them to CUSA to pay down the exit fee.

The $6+million exit fee has been out there since the day that the departure was announced. That's the only number I've ever heard from any university official. Not sure what generated your last sentence, it's always been that number.

Any way you look at it, it's over $6Million to leave the conference and that number hasn't changed since the day of the press conference.

Fans of several other schools swear they're only paying $500,000.

I don't know how the exit fees work and don't really care since Charlotte won't benefit from them anyway.

My understanding is that there is an initial cash payment of $500,000 due when you leave, then the other costs are paid later.

(02-25-2013 10:50 PM)EagleRockCafe Wrote:  

(02-25-2013 10:26 PM)Niner National Wrote:  

(02-25-2013 10:16 PM)oldtiger Wrote:  

(02-25-2013 09:50 PM)MUHERD76 Wrote:  So essentially Memphis just decides to not accept some previous basketball tournament revenue shares and instead just applies that to the total estimate of $6.6 Million in exit fees to CUSA.....

Any way they want to word it, its still a $6.6 Million dollar hit to join the Big Least.

I'd word it a little differently, but the result is the same. Actually, Memphis does accept the the tournament credits and gives them to CUSA to pay down the exit fee.

The $6+million exit fee has been out there since the day that the departure was announced. That's the only number I've ever heard from any university official. Not sure what generated your last sentence, it's always been that number.

Any way you look at it, it's over $6Million to leave the conference and that number hasn't changed since the day of the press conference.

Fans of several other schools swear they're only paying $500,000.

I don't know how the exit fees work and don't really care since Charlotte won't benefit from them anyway.

My understanding is that there is an initial cash payment of $500,000 due when you leave, then the other costs are paid later.

Makes sense. That's probably where fans get the $500,000 figure from.

Don't tournament credits stay with the conference anyway? It's not like we can take them to the Big East with us.

In that regard, shouldn't it be phrased that we are given credit for external sources of revenue we are leaving with the conference?

(02-25-2013 11:12 PM)99Tiger Wrote:  Don't tournament credits stay with the conference anyway? It's not like we can take them to the Big East with us.

In that regard, shouldn't it be phrased that we are given credit for external sources of revenue we are leaving with the conference?

Not sure, but I know Cincy left a few tourney credits when they left CUSA.

I believe Louisville kept theirs by doing a scheduling agreement with UAB?