The three schools leaving the AAC should follow the AAC contract precisely.
They should pay $10million and leave on Dec. 10, 2023 unless the AAC waves the 27 month requirement with an additional payment of no more than $7million.
Apparently, the contract requires payment of $10 million and 27 month notice. Notice was given on Sept. 10, 2021. "Signed and done"
https://www.bizjournals.com/houston/news...rence.html
27 months after Sept. 10, 2021 is Dec. 10, 2023 not July 1, 2024 as stated by Aresco. July 1, 2024 is meaningless unless there is wording in addition to 27 months.
https://abcnews.go.com/Sports/american-a...d=79951694
(06-05-2022 10:25 AM)HoustonRocks Wrote: [ -> ]The three schools leaving the AAC should follow the AAC contract precisely.
They should pay $10million and leave on Dec. 10, 2023 unless the AAC waves the 27 month requirement with an additional payment of no more than $7million.
Apparently, the contract requires payment of $10 million and 27 month notice. Notice was given on Sept. 10, 2021. "Signed and done"
https://www.bizjournals.com/houston/news...rence.html
27 months after Sept. 10, 2021 is Dec. 10, 2023 not July 1, 2024 as stated by Aresco. July 1, 2024 is meaningless unless there is wording in addition to 27 months.
https://abcnews.go.com/Sports/american-a...d=79951694
I concur.
Conference memberships go from 1 July to 30 June of the following calendar year.
That's true for the AAC. That's true for the Big12.
You can't be a member of a conference from 1 July to 10 December; you can't be a member of a conference from 11 December to 30 June.
That is just how it is.
Period.
Find an example, ONE example, ANY example of any member institution changing conference membership for anything other than a full year.
(06-05-2022 12:15 PM)slhNavy91 Wrote: [ -> ]Conference memberships go from 1 July to 30 June of the following calendar year.
That's true for the AAC. That's true for the Big12.
You can't be a member of a conference from 1 July to 10 December; you can't be a member of a conference from 11 December to 30 June.
That is just how it is.
Period.
Find an example, ONE example, ANY example of any member institution changing conference membership for anything other than a full year.
Doesn't matter our membership is based on 27th months. If they wanted it per athletic season they would say 3 full athletic seasons. In reality it would be a huge hassle to play a near complete conference schedule then bounce before the postseason or in the middle of a season. The damages will be based on 5 months of zero monetary damages.
If money alone is the determining factor, then the question boils down to which option offers the greater benefit: (1) the fractional share of Big XII revenues for 2023 that we're likely to garner or (2) the cost of severing our relationship with the AAC prematurely? After all of the posturing and negotiating are concluded...
If (1) is substantially greater than (2), then we go early.
If (2) remains substantially greater than (1), then we stay.
If (1) and (2) are about the same, then we go.
Aligning conference changes with the academic year is logical and convenient. That does not it make law. It does not put it in any contract particularly a conference contract with an obtuse 27 month requirement.
The B12 is not letting anyone join in the middle of basketball season. They just won't.
(06-05-2022 10:02 AM)FonzKnight Wrote: [ -> ] (06-03-2022 06:27 PM)maccoog Wrote: [ -> ] (06-03-2022 03:26 PM)shocknawe Wrote: [ -> ]Big 12 will distribute 42m per member
Oh lawdy if we can just get half that then we have already doubled what we gets in the AAC. I just cannot go along with a school like ECU getting paid more than 25% of my beloved Bearcats get. ECU brings the equivalent of a 300 pound fat dude with crabs to an orgy while Cincy bring some nice looking Latina chick with a big ole oiled a$$
That analogy is both entertaining and accurate. Virtual thumbs up to you sir.
I’m not putting my virtual thumbs anywhere near that post. God knows where they’d end up…
An oiled up big bootied Latina? More than my thumbs will be up.
(06-04-2022 03:34 PM)sunamiwave Wrote: [ -> ] (06-04-2022 02:08 PM)KNIGHTTIME Wrote: [ -> ] (06-04-2022 11:58 AM)parialex Wrote: [ -> ] (06-04-2022 11:44 AM)Cubanbull1 Wrote: [ -> ]It will be resolved. fall of 2023 those going to Big12 will go there, those coming to AAC will be here.
Ironically I was pessimistic before but have become more optimistic as deadlines have passed.
My general sense is that if there were really a chance of it going sideways, we'd have a lot more acrimonious leaking and maybe lawsuits.
The 3 are gone in 2023 regardless. They can settle the costs after the fact for the subjective penalty. $10 million fee to exit (nothing to dispute) and figure out the damages for 5 months early without the existing AAC teams suffering damages for the 5 months fee.
The above is just wishful thinking on your part and not based in reality as it has already been explained several times in this thread that the Big 12 wants this fully settled before the three schools leave. You can sue all you want but the AAC will file its counterclaims for millions more in damages than if you settle now. Also the AAC can tie this thing up in court so that the three schools won’t be able to leave in 2023 as the court case would drag on. The AAC is holding a better hand than the departing three schools in this negotiation. Expect a final settlement in the $25 to $27 million range per school.
No they don’t. You’d be holding up your new membership. The 3 could easily stay and you guys get an additional nothing. Just cause the aac would counter sue doesn’t mean they’d win. UConn established precedent with less notice I doubt a court would call aresco’s negotiations in good faith.
Okay, here's the deal Cincinnati, UCF and Houston will pay more than UCONN payed to exit the AAC and be more than happy to do so.
The incoming 6 and the remaining 8 will continue on as the best G5 conference, these are the facts and they are, indisputable.
Can't we all just be patient and see it through.
Full Disclosure:
Every time I click on this thread it's in the hope that there's news that a deal has been brokered. And I leave disappointed EVERY TIME.
(06-05-2022 08:00 PM)T for Temple U! Wrote: [ -> ]Okay, here's the deal Cincinnati, UCF and Houston will pay more than UCONN payed to exit the AAC and be more than happy to do so.
The incoming 6 and the remaining 8 will continue on as the best G5 conference, these are the facts and they are, indisputable.
Can't we all just be patient and see it through.
Full Disclosure:
Every time I click on this thread it's in the hope that there's news that a deal has been brokered. And I leave disappointed EVERY TIME.
I don't understand why they need to pay more than UConn.
Every AAC team now gets the exact same payout.
The replacement teams are already set.
Old AAC teams were told they get the same payout as before.
How are they being hurt? UConn set the payout, and they left earlier. I really don't see how this is even an issue other than everyone posturing.
(06-05-2022 08:10 PM)bearcat29 Wrote: [ -> ] (06-05-2022 08:00 PM)T for Temple U! Wrote: [ -> ]Okay, here's the deal Cincinnati, UCF and Houston will pay more than UCONN payed to exit the AAC and be more than happy to do so.
The incoming 6 and the remaining 8 will continue on as the best G5 conference, these are the facts and they are, indisputable.
Can't we all just be patient and see it through.
Full Disclosure:
Every time I click on this thread it's in the hope that there's news that a deal has been brokered. And I leave disappointed EVERY TIME.
I don't understand why they need to pay more than UConn.
Every AAC team now gets the exact same payout.
The replacement teams are already set.
Old AAC teams were told they get the same payout as before.
How are they being hurt? UConn set the payout, and they left earlier. I really don't see how this is even an issue other than everyone posturing.
There are zero $$ in damages for the short period in question beyond the $10 million express liquidated damages provision. The TV deal won't change in that year and the remaining schools and conference office will receive the same payouts.
I'd tell Aresco to piss up a rope and wire my $10 million.. I'm a corporate risk management and defense litigator so I don't say that lightly. The AAC has little chance of succeeding and proving additional damages if UCF, Houston and UC give them a unified middle finger.
The AAC has to satisfy all elements...one of those is proving that the breach caused tangible financial damages. Hurt feelings don't count.
(06-05-2022 09:44 PM)rath v2.0 Wrote: [ -> ] (06-05-2022 08:10 PM)bearcat29 Wrote: [ -> ] (06-05-2022 08:00 PM)T for Temple U! Wrote: [ -> ]Okay, here's the deal Cincinnati, UCF and Houston will pay more than UCONN payed to exit the AAC and be more than happy to do so.
The incoming 6 and the remaining 8 will continue on as the best G5 conference, these are the facts and they are, indisputable.
Can't we all just be patient and see it through.
Full Disclosure:
Every time I click on this thread it's in the hope that there's news that a deal has been brokered. And I leave disappointed EVERY TIME.
I don't understand why they need to pay more than UConn.
Every AAC team now gets the exact same payout.
The replacement teams are already set.
Old AAC teams were told they get the same payout as before.
How are they being hurt? UConn set the payout, and they left earlier. I really don't see how this is even an issue other than everyone posturing.
There are zero $$ in damages for the short period in question beyond the $10 million express liquidated damages provision. The TV deal won't change in that year and the remaining schools and conference office will receive the same payouts.
I'd tell Aresco to piss up a rope and wire my $10 million.. I'm a corporate risk management and defense litigator so I don't say that lightly. The AAC has little chance of succeeding and proving additional damages if UCF, Houston and UC give them a unified middle finger.
The AAC has to satisfy all elements...one of those is proving that the breach caused tangible financial damages. Hurt feelings don't count.
I don't care what happens to be honest, but if you're saying the contract we all agreed to doesn't matter, I think you have a problem.
Aresco doesn't need to do ****. Read the contract. It is what it is. Same goes for Texas and Oklahoma.
How is Memphis or the AAC hurt financially in the year or less that the 3 teams leave early?
It's a fairly simple question.
Damages have to be tangible, able to be established, not speculative and for that period only. Nothing after that time frame is dispositive.
I'm all ears.
(06-05-2022 10:49 PM)Memphis Yankee Wrote: [ -> ] (06-05-2022 09:44 PM)rath v2.0 Wrote: [ -> ] (06-05-2022 08:10 PM)bearcat29 Wrote: [ -> ] (06-05-2022 08:00 PM)T for Temple U! Wrote: [ -> ]Okay, here's the deal Cincinnati, UCF and Houston will pay more than UCONN payed to exit the AAC and be more than happy to do so.
The incoming 6 and the remaining 8 will continue on as the best G5 conference, these are the facts and they are, indisputable.
Can't we all just be patient and see it through.
Full Disclosure:
Every time I click on this thread it's in the hope that there's news that a deal has been brokered. And I leave disappointed EVERY TIME.
I don't understand why they need to pay more than UConn.
Every AAC team now gets the exact same payout.
The replacement teams are already set.
Old AAC teams were told they get the same payout as before.
How are they being hurt? UConn set the payout, and they left earlier. I really don't see how this is even an issue other than everyone posturing.
There are zero $$ in damages for the short period in question beyond the $10 million express liquidated damages provision. The TV deal won't change in that year and the remaining schools and conference office will receive the same payouts.
I'd tell Aresco to piss up a rope and wire my $10 million.. I'm a corporate risk management and defense litigator so I don't say that lightly. The AAC has little chance of succeeding and proving additional damages if UCF, Houston and UC give them a unified middle finger.
The AAC has to satisfy all elements...one of those is proving that the breach caused tangible financial damages. Hurt feelings don't count.
I don't care what happens to be honest, but if you're saying the contract we all agreed to doesn't matter, I think you have a problem.
Aresco doesn't need to do ****. Read the contract. It is what it is. Same goes for Texas and Oklahoma.
I chuckled when I read the previous post. Quite honestly I'll be glad when the Big 3 move on but make no mistake they broke the contract not the conference that provided the platform for those programs to grow.
Maryland thought they didn't owe the ACC, but paid them $32M plus legal expense.
Being on the executive panel of an corporation, I've heard the big attorney talk before.
The conference has done nothing wrong and have a contract in which injury can easily be proven.
The Big 3 will have to pay or just wait. It's pretty simple.
(06-05-2022 11:19 PM)Pirate Rep Wrote: [ -> ] (06-05-2022 10:49 PM)Memphis Yankee Wrote: [ -> ] (06-05-2022 09:44 PM)rath v2.0 Wrote: [ -> ] (06-05-2022 08:10 PM)bearcat29 Wrote: [ -> ] (06-05-2022 08:00 PM)T for Temple U! Wrote: [ -> ]Okay, here's the deal Cincinnati, UCF and Houston will pay more than UCONN payed to exit the AAC and be more than happy to do so.
The incoming 6 and the remaining 8 will continue on as the best G5 conference, these are the facts and they are, indisputable.
Can't we all just be patient and see it through.
Full Disclosure:
Every time I click on this thread it's in the hope that there's news that a deal has been brokered. And I leave disappointed EVERY TIME.
I don't understand why they need to pay more than UConn.
Every AAC team now gets the exact same payout.
The replacement teams are already set.
Old AAC teams were told they get the same payout as before.
How are they being hurt? UConn set the payout, and they left earlier. I really don't see how this is even an issue other than everyone posturing.
There are zero $$ in damages for the short period in question beyond the $10 million express liquidated damages provision. The TV deal won't change in that year and the remaining schools and conference office will receive the same payouts.
I'd tell Aresco to piss up a rope and wire my $10 million.. I'm a corporate risk management and defense litigator so I don't say that lightly. The AAC has little chance of succeeding and proving additional damages if UCF, Houston and UC give them a unified middle finger.
The AAC has to satisfy all elements...one of those is proving that the breach caused tangible financial damages. Hurt feelings don't count.
I don't care what happens to be honest, but if you're saying the contract we all agreed to doesn't matter, I think you have a problem.
Aresco doesn't need to do ****. Read the contract. It is what it is. Same goes for Texas and Oklahoma.
I chuckled when I read the previous post. Quite honestly I'll be glad when the Big 3 move on but make no mistake they broke the contract not the conference that provided the platform for those programs to grow.
Maryland thought they didn't owe the ACC, but paid them $32M plus legal expense.
Being on the executive panel of an corporation, I've heard the big attorney talk before.
The conference has done nothing wrong and have a contract in which injury can easily be proven.
The Big 3 will have to pay or just wait. It's pretty simple.
What are the damages beyond the liquidated damages provision that is not in question? If they are so easily proven, list some of them.
Big attorney talk? You are a peach. This is 1st week of contract law for 1st year law student level stuff.
That being said, university attorneys generally chose that career path to get out of the conflict line of work. Not exactly steel in spine required. The schools will kick some $$ in but they could tell the AAC to eff off if they thought the juice is worth the squeeze. This is small potatoes in the big picture for the 3 that are gone.
(06-05-2022 11:24 PM)rath v2.0 Wrote: [ -> ]...
That being said, university attorneys generally chose that career path to get out of the conflict line of work. Not exactly steel in spine required. The schools will kick some $$ in but they could tell the AAC to eff off if they thought the juice is worth the squeeze. This is small potatoes in the big picture for the 3 that are gone.
This might be the most affectatious post I've read on a sports board in quite some time.
Every single one I've met or worked with left the land of big firm 2000+ billable hour requirements for a reason. Think what you may.
(06-05-2022 08:00 PM)T for Temple U! Wrote: [ -> ]Okay, here's the deal Cincinnati, UCF and Houston will pay more than UCONN payed to exit the AAC and be more than happy to do so.
The incoming 6 and the remaining 8 will continue on as the best G5 conference, these are the facts and they are, indisputable.
Can't we all just be patient and see it through.
Full Disclosure:
Every time I click on this thread it's in the hope that there's news that a deal has been brokered. And I leave disappointed EVERY TIME.
a voice of reason in the midst of this dick measuring contest? I applaud you. I agree with you. They'll settle this, but, like most things, it'll go down to the absolute wire, because that's what everyone does. it doesn't matter who has hurt feelings, who thinks (s)he is / really is a great attorney, who slept at a holiday inn last night. it will get settled, and we'll all move on. we'll all know in a few weeks.