(06-26-2019 02:56 PM)AllTideUp Wrote: To the OP, I think what that means is if UConn leaves in the first 6 years then they'll owe a $30M exit fee.
After that, might be reduced.
Correct. In years 7-9, it's $15MM. Then it drops to the same $10MM it is for everybody else.
Point being, they're not likely to be available without a pretty penny when the Big XII's current contract ends. Which is why I suspect they're out on any future P5 expansion.
(06-26-2019 02:56 PM)AllTideUp Wrote: To the OP, I think what that means is if UConn leaves in the first 6 years then they'll owe a $30M exit fee.
After that, might be reduced.
Correct. In years 7-9, it's $15MM. Then it drops to the same $10MM it is for everybody else.
Point being, they're not likely to be available without a pretty penny when the Big XII's current contract ends. Which is why I suspect they're out on any future P5 expansion.
USFFan
Naah. If the Big 12 called tomorrow with an offer, $30M exit fee isn't stopping UConn. Or, more to the point, in 2024 or 2025.
(06-26-2019 02:56 PM)AllTideUp Wrote: To the OP, I think what that means is if UConn leaves in the first 6 years then they'll owe a $30M exit fee.
After that, might be reduced.
Correct. In years 7-9, it's $15MM. Then it drops to the same $10MM it is for everybody else.
Point being, they're not likely to be available without a pretty penny when the Big XII's current contract ends. Which is why I suspect they're out on any future P5 expansion.
USFFan
Naah. If the Big 12 called tomorrow with an offer, $30M exit fee isn't stopping UConn. Or, more to the point, in 2024 or 2025.
No calls are likely going to be made. UConn is going Indy, maybe eventually FCS or drop football.
(06-26-2019 02:56 PM)AllTideUp Wrote: To the OP, I think what that means is if UConn leaves in the first 6 years then they'll owe a $30M exit fee.
After that, might be reduced.
Correct. In years 7-9, it's $15MM. Then it drops to the same $10MM it is for everybody else.
Point being, they're not likely to be available without a pretty penny when the Big XII's current contract ends. Which is why I suspect they're out on any future P5 expansion.
USFFan
Naah. If the Big 12 called tomorrow with an offer, $30M exit fee isn't stopping UConn. Or, more to the point, in 2024 or 2025.
Not buying it. Not when they're whining about their losses in the AAC right now.
Then again, not buying it anyway when they're sacrificing football for this to begin with.
(06-26-2019 03:10 PM)AllTideUp Wrote: I'm unfamiliar with the current Big East deal. What's their annual payout right now?
According to the latest Form 990, the Big East distributed about $3.5M per school.
UConn was averaging $9M in the American. Now that included all the old Big East exit fees. Newer American schools were receiving $4M per year.
Under the new American TV deal, per school distributions are expected to be about $8-10M in the early years.
Of course, UConn hopes to make up the revenue difference with travel cost savings, alumni donations, increased ticket sales and perhaps football cost savings if they drop to FCS...
(06-26-2019 02:56 PM)AllTideUp Wrote: To the OP, I think what that means is if UConn leaves in the first 6 years then they'll owe a $30M exit fee.
After that, might be reduced.
Correct. In years 7-9, it's $15MM. Then it drops to the same $10MM it is for everybody else.
Point being, they're not likely to be available without a pretty penny when the Big XII's current contract ends. Which is why I suspect they're out on any future P5 expansion.
USFFan
Naah. If the Big 12 called tomorrow with an offer, $30M exit fee isn't stopping UConn. Or, more to the point, in 2024 or 2025.
Not buying it. Not when they're whining about their losses in the AAC right now.
Then again, not buying it anyway when they're sacrificing football for this to begin with.
USFFan
Well, if the Big 12 did call then a $30M fee wouldn't be too hard to overcome. The difference in conference payouts is so huge right now.
I think it's just that they know a call isn't coming. They'll never pay the $30M fee because they'll never leave.
/
That's a spicy meatball!
