RE: Exit fees
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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?
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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.
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Right on man, whatever you say.
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How are you able to constantly F up the quotes feature? Like WTF man?
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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.
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