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eager eagle Offline
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Post: #41
RE: Exit fees
(07-03-2013 01:22 PM)Freshy Wrote:  
(07-03-2013 08:00 AM)eager eagle Wrote:  CUSA bylaws specifically state the money will be held in escrow for a period of five years. The current CUSA media contracts expire in mid-2016, so the money will be held into the new contract period. CUSA will enjoy media revenue protection for a total of six years: four accounts the first year (2013-14), seven accounts for the next four years (2014-15 to 2017-2018), and three accounts in the last year (2018-2019).
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Freshy, the current media contract was negotiated while the league was still intact and based on the membership at that time. It does contain the clause whereby media can or could lower the annual agreed upon amount if a team or teams left whereby causing a decrease in its value.

That agreement was ONLY for the terms of THAT contract which will expire in mid 2016, the departing schools ARE NOT responsible and will not be accountable if c-belt cant negotiate one similar on their own when the current term ends. There has been no decrease in value AT THIS TIME because the schools are still with us and will be so until 6-2014. The media could still drop their payments in the last 2yars thus funds are there to cover that. However, if there is no decrease from the media then that money is in escrow to cover it but ONLY for current contract.

The c-belt is on its own after 2016, does anyone wonder if FAU, FIU, Mdl Tn, La Tech, Wstn Ky, etal will be as attractive as Memphis, Houston, SMU, Tulsa, ECU, USM (yes they will be gone) etal?

I sense an ulterior motive here. You are convinced that Southern Miss will be leaving the conference soon and that the remaining members won't be worth near as much to the conference's media partners. You don't want Southern Miss to be on the hook for five years' worth of media revenues, especially when other defectors who had the advantage of leaving earlier will end up paying considerably less in that scenario.

The only problem is that it doesn't agree with the evidence we have at hand. To wit:

1. Nearly every press conference, article, and news release from the defecting schools that specifically mentions the escrow accounts also mentions the five-year period. There is no mention of an exclusion from this period when the current contract ends. This is rather powerful anecdotal evidence. After all, such news items are generally meant mainly for consumption by such interested parties as alumni, students, and boosters. Why wouldn't you tell those folks that your money won't be tied up past mid-2016 if it were true?

2. The other piece of evidence we have is that there is no mention of the escrow accounts being returned on expiry of the current contract in the CUSA bylaws. The page in the bylaws with this information in it shows a schedule which directly correlates how long the money will be held in escrow with the amount of time a team stays in the conference after announcing its intention to leave. A crucial bit of evidence here is that, even though the bylaws are officially reviewed and updated every year, the schedule shown in the most current set of bylaws does not end in four academic years when the media contract ends. Instead, it shows a full schedule covering every possibility up to a school leaving immediately.
[/quote]
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Right on man, whatever you say.
07-03-2013 06:58 PM
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PGPirate Offline
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Post: #42
RE: Exit fees
(07-03-2013 06:58 PM)eager eagle Wrote:  
(07-03-2013 06:58 PM)eager eagle Wrote:  
(07-03-2013 01:22 PM)Freshy Wrote:  
(07-03-2013 08:00 AM)eager eagle Wrote:  CUSA bylaws specifically state the money will be held in escrow for a period of five years. The current CUSA media contracts expire in mid-2016, so the money will be held into the new contract period. CUSA will enjoy media revenue protection for a total of six years: four accounts the first year (2013-14), seven accounts for the next four years (2014-15 to 2017-2018), and three accounts in the last year (2018-2019).
-----------------------------------------------------------------------------
Freshy, the current media contract was negotiated while the league was still intact and based on the membership at that time. It does contain the clause whereby media can or could lower the annual agreed upon amount if a team or teams left whereby causing a decrease in its value.

That agreement was ONLY for the terms of THAT contract which will expire in mid 2016, the departing schools ARE NOT responsible and will not be accountable if c-belt cant negotiate one similar on their own when the current term ends. There has been no decrease in value AT THIS TIME because the schools are still with us and will be so until 6-2014. The media could still drop their payments in the last 2yars thus funds are there to cover that. However, if there is no decrease from the media then that money is in escrow to cover it but ONLY for current contract.

The c-belt is on its own after 2016, does anyone wonder if FAU, FIU, Mdl Tn, La Tech, Wstn Ky, etal will be as attractive as Memphis, Houston, SMU, Tulsa, ECU, USM (yes they will be gone) etal?

I sense an ulterior motive here. You are convinced that Southern Miss will be leaving the conference soon and that the remaining members won't be worth near as much to the conference's media partners. You don't want Southern Miss to be on the hook for five years' worth of media revenues, especially when other defectors who had the advantage of leaving earlier will end up paying considerably less in that scenario.

The only problem is that it doesn't agree with the evidence we have at hand. To wit:

1. Nearly every press conference, article, and news release from the defecting schools that specifically mentions the escrow accounts also mentions the five-year period. There is no mention of an exclusion from this period when the current contract ends. This is rather powerful anecdotal evidence. After all, such news items are generally meant mainly for consumption by such interested parties as alumni, students, and boosters. Why wouldn't you tell those folks that your money won't be tied up past mid-2016 if it were true?

2. The other piece of evidence we have is that there is no mention of the escrow accounts being returned on expiry of the current contract in the CUSA bylaws. The page in the bylaws with this information in it shows a schedule which directly correlates how long the money will be held in escrow with the amount of time a team stays in the conference after announcing its intention to leave. A crucial bit of evidence here is that, even though the bylaws are officially reviewed and updated every year, the schedule shown in the most current set of bylaws does not end in four academic years when the media contract ends. Instead, it shows a full schedule covering every possibility up to a school leaving immediately.
-------------------------------------------------

Right on man, whatever you say.

How are you able to constantly F up the quotes feature? Like WTF man?
07-03-2013 07:07 PM
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99Tiger Offline
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Post: #43
RE: Exit fees
If I'm reading all this correctly, Memphis will be out the most since we're leaving the tourney credits behind while the others will mostly be out the $500k (I know, UH has some credit money left behind too.)
07-04-2013 01:23 AM
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KNIGHTTIME Offline
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Post: #44
RE: Exit fees
(07-04-2013 01:23 AM)99Tiger Wrote:  If I'm reading all this correctly, Memphis will be out the most since we're leaving the tourney credits behind while the others will mostly be out the $500k (I know, UH has some credit money left behind too.)

No conference is going to allow you to take the tourney credits. The good part if you're a Memphis fan is that you won't pay an exit fee.
07-04-2013 07:21 AM
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eager eagle Offline
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Post: #45
RE: Exit fees
-----------------------------------------------------------------------------
Freshy, the current media contract was negotiated while the league was still intact and based on the membership at that time. It does contain the clause whereby media can or could lower the annual agreed upon amount if a team or teams left whereby causing a decrease in its value.

That agreement was ONLY for the terms of THAT contract which will expire in mid 2016, the departing schools ARE NOT responsible and will not be accountable if c-belt cant negotiate one similar on their own when the current term ends. There has been no decrease in value AT THIS TIME because the schools are still with us and will be so until 6-2014. The media could still drop their payments in the last 2yars thus funds are there to cover that. However, if there is no decrease from the media then that money is in escrow to cover it but ONLY for current contract.

The c-belt is on its own after 2016, does anyone wonder if FAU, FIU, Mdl Tn, La Tech, Wstn Ky, etal will be as attractive as Memphis, Houston, SMU, Tulsa, ECU, USM (yes they will be gone) etal?
[/quote]

I sense an ulterior motive here. You are convinced that Southern Miss will be leaving the conference soon and that the remaining members won't be worth near as much to the conference's media partners. You don't want Southern Miss to be on the hook for five years' worth of media revenues, especially when other defectors who had the advantage of leaving earlier will end up paying considerably less in that scenario.

The only problem is that it doesn't agree with the evidence we have at hand. To wit:

1. Nearly every press conference, article, and news release from the defecting schools that specifically mentions the escrow accounts also mentions the five-year period. There is no mention of an exclusion from this period when the current contract ends. This is rather powerful anecdotal evidence. After all, such news items are generally meant mainly for consumption by such interested parties as alumni, students, and boosters. Why wouldn't you tell those folks that your money won't be tied up past mid-2016 if it were true?

2. The other piece of evidence we have is that there is no mention of the escrow accounts being returned on expiry of the current contract in the CUSA bylaws. The page in the bylaws with this information in it shows a schedule which directly correlates how long the money will be held in escrow with the amount of time a team stays in the conference after announcing its intention to leave. A crucial bit of evidence here is that, even though the bylaws are officially reviewed and updated every year, the schedule shown in the most current set of bylaws does not end in four academic years when the media contract ends. Instead, it shows a full schedule covering every possibility up to a school leaving immediately.
[/quote]
-------------------------------------------------

Right on man, whatever you say.
[/quote]

How are you able to constantly F up the quotes feature? Like WTF man?
[/quote]
----------------------------------------------------

Kause it aggrivates a lot of people who dont like me so I just keep on dewin it. Skip my posts or put me on ignore-that help ease yore pane.
07-04-2013 08:00 AM
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99Tiger Offline
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Post: #46
RE: Exit fees
(07-04-2013 07:21 AM)KNIGHTTIME Wrote:  
(07-04-2013 01:23 AM)99Tiger Wrote:  If I'm reading all this correctly, Memphis will be out the most since we're leaving the tourney credits behind while the others will mostly be out the $500k (I know, UH has some credit money left behind too.)

No conference is going to allow you to take the tourney credits. The good part if you're a Memphis fan is that you won't pay an exit fee.

I know we'd have no choice but to leave them behind...but it's also beginning to sound like the rest of you will only leave the $500k behind.
07-04-2013 09:45 AM
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PGPirate Offline
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Post: #47
RE: Exit fees
(07-04-2013 08:00 AM)eager eagle Wrote:  
(07-04-2013 08:00 AM)eager eagle Wrote:  
(07-04-2013 08:00 AM)eager eagle Wrote:  
(07-04-2013 08:00 AM)eager eagle Wrote:  
(07-04-2013 08:00 AM)eager eagle Wrote:  -----------------------------------------------------------------------------
Freshy, the current media contract was negotiated while the league was still intact and based on the membership at that time. It does contain the clause whereby media can or could lower the annual agreed upon amount if a team or teams left whereby causing a decrease in its value.

That agreement was ONLY for the terms of THAT contract which will expire in mid 2016, the departing schools ARE NOT responsible and will not be accountable if c-belt cant negotiate one similar on their own when the current term ends. There has been no decrease in value AT THIS TIME because the schools are still with us and will be so until 6-2014. The media could still drop their payments in the last 2yars thus funds are there to cover that. However, if there is no decrease from the media then that money is in escrow to cover it but ONLY for current contract.

The c-belt is on its own after 2016, does anyone wonder if FAU, FIU, Mdl Tn, La Tech, Wstn Ky, etal will be as attractive as Memphis, Houston, SMU, Tulsa, ECU, USM (yes they will be gone) etal?

I sense an ulterior motive here. You are convinced that Southern Miss will be leaving the conference soon and that the remaining members won't be worth near as much to the conference's media partners. You don't want Southern Miss to be on the hook for five years' worth of media revenues, especially when other defectors who had the advantage of leaving earlier will end up paying considerably less in that scenario.

The only problem is that it doesn't agree with the evidence we have at hand. To wit:

1. Nearly every press conference, article, and news release from the defecting schools that specifically mentions the escrow accounts also mentions the five-year period. There is no mention of an exclusion from this period when the current contract ends. This is rather powerful anecdotal evidence. After all, such news items are generally meant mainly for consumption by such interested parties as alumni, students, and boosters. Why wouldn't you tell those folks that your money won't be tied up past mid-2016 if it were true?

2. The other piece of evidence we have is that there is no mention of the escrow accounts being returned on expiry of the current contract in the CUSA bylaws. The page in the bylaws with this information in it shows a schedule which directly correlates how long the money will be held in escrow with the amount of time a team stays in the conference after announcing its intention to leave. A crucial bit of evidence here is that, even though the bylaws are officially reviewed and updated every year, the schedule shown in the most current set of bylaws does not end in four academic years when the media contract ends. Instead, it shows a full schedule covering every possibility up to a school leaving immediately.
-------------------------------------------------

Right on man, whatever you say.

How are you able to constantly F up the quotes feature? Like WTF man?
----------------------------------------------------

Kause it aggrivates a lot of people who dont like me so I just keep on dewin it. Skip my posts or put me on ignore-that help ease yore pane.

It doesn't "aggrivates" people, it just makes you look like a bigger idiot. But I guess that apple doesn't fall far from the tree.
(This post was last modified: 07-04-2013 10:40 AM by PGPirate.)
07-04-2013 10:38 AM
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KNIGHTTIME Offline
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Post: #48
RE: Exit fees
(07-04-2013 09:45 AM)99Tiger Wrote:  
(07-04-2013 07:21 AM)KNIGHTTIME Wrote:  
(07-04-2013 01:23 AM)99Tiger Wrote:  If I'm reading all this correctly, Memphis will be out the most since we're leaving the tourney credits behind while the others will mostly be out the $500k (I know, UH has some credit money left behind too.)

No conference is going to allow you to take the tourney credits. The good part if you're a Memphis fan is that you won't pay an exit fee.

I know we'd have no choice but to leave them behind...but it's also beginning to sound like the rest of you will only leave the $500k behind.

That was always the agreement in the C-USA. We paid $2 million to join and $500K to leave. I need to start a conference to get exit fee money. :)
07-04-2013 11:41 AM
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oldtiger Away
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Post: #49
RE: Exit fees
(07-04-2013 01:23 AM)99Tiger Wrote:  If I'm reading all this correctly, Memphis will be out the most since we're leaving the tourney credits behind while the others will mostly be out the $500k (I know, UH has some credit money left behind too.)

Not tooting any horns here, but in looking back at the last few years; Memphis, the city and the university, have been cash cows for CUSA with the NCAA credits, the large crowds that resulted in $1M guarantees for the basketball tournament, and the home of the largest bowl payout for the conference.

All of those can and will be replaced with other universities, bowls, and locations, but CUSA benefited from Tigers' membership just like we benefited from being a member of CUSA.

It was a very good marriage for the city, the university, and the conference.
(This post was last modified: 07-04-2013 05:35 PM by oldtiger.)
07-04-2013 05:34 PM
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