(03-06-2013 01:36 PM)stever20 Wrote:  

(03-06-2013 01:10 PM)Big 12 Wrote:  http://notredame.247sports.com/Article/N...xit-107216

However, Swarbrick revealed Monday that Notre Dame is not subject to early-exit penalties like the ones recently negotiated for Pittsburgh, Syracuse and West Virginia.

Big East rules allow schools to leave as a group without being obligated to pay exit fees, which is exactly what Georgetown, Villanova, Marquette, Seton Hall, St. John’s, DePaul and Providence are doing.

“We withdrew under the same agreement that the seven basketball schools withdrew under,” Swarbrick said. “We don’t owe any withdrawal fee — never have. It’s not in dispute; never has been. The nature of that separate agreement provides that we don’t. It’s a different dynamic with us. We’re not trying to negotiate a withdrawal fee; there isn’t one.”

Where ND would owe a fee would be if they are leaving prior to the 27 month period elapsing.

I'm not aware that the prenup included a 27 moth notification period. More likely it was by mutual agreement.

The more significant aspect of Notre Dame's departure is the problem that it creates for the ACC's basketball schedule a year earlier than expected.

As the Big East saw this year, scheduling 15 teams has someone sitting around idle during basketball's conference season. This accelerates the ACC's need for team #16.

An additional all sports member creates an odd number for football, but Notre Dame's promised football games can smooth out that schedule in November. (I hope they have the Notre Dame promise in writing.)

I'm sure that UConn is waiting in the wings, ready, willing, and able to come on board as #16. Cincy & USF are standing in line behind them.

Notre Dame isn't paying an exit fee. One of the first things to be confirmed about the pre-nup was that it was an agreement between three parties, the I-A Big East schools, the Non-I-A Big East schools, and Notre Dame. Any party could split after 5 years or so without paying exit fees and with an "equitable" distribution of assets.

There was definitely a 27-month waiting period for Notre DAme. There was probably a 27-month waiting period in the agreement for the two groups--that would be logical, and the Memphis AD flat out said it was so. But Aresco has never really acted like it was so--at one point he told his sock puppet Jersey Guy that he was offering the C7 the Big East name as an incentive to stay for 2013-14. Which would have made no sense for anybody--Memphis & Co would have had to rebrand twice in two years, and the C7 would have shared in the **** sandwich of a contract that Aresco negotiated.

Notre Dame was never part of the C7 group in the Prenup.