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+---- Thread: How much will ND's exit fee be? (/thread-622349.html)
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How much will ND's exit fee be? - TIGER-PAUL - 03-06-2013 12:27 PM
will it be split equally?
RE: How much will ND's exit fee be? - Wedge - 03-06-2013 12:30 PM
You mean, will it be split equally between UConn, Cincinnati, and USF?
RE: How much will ND's exit fee be? - Big 12 - 03-06-2013 01:10 PM
http://notredame.247sports.com/Article/Notre-Dame-AD-Jack-Swarbrick-considering-early-Big-East-exit-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.”
RE: How much will ND's exit fee be? - OldGoldnBlue - 03-06-2013 01:19 PM
Yeah ND has no exit fee. The Old BE usually bent over and grabbed its ankles for ND. The ACC is about to do the same for their Irish overlords
How much will ND's exit fee be? - chargeradio - 03-06-2013 01:28 PM
What would be funny is if ND owed an exit fee to the C7-after all ND technically isn't withdrawing with them.
RE: How much will ND's exit fee be? - stever20 - 03-06-2013 01:36 PM
(03-06-2013 01:10 PM)Big 12 Wrote: http://notredame.247sports.com/Article/Notre-Dame-AD-Jack-Swarbrick-considering-early-Big-East-exit-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.
RE: How much will ND's exit fee be? - gocards#1 - 03-06-2013 01:55 PM
The Big East should be paying teams to leave at this point.
RE: How much will ND's exit fee be? - curtis0620 - 03-06-2013 01:56 PM
How about the ACC trade Maryland for Louisville in 2013?
RE: How much will ND's exit fee be? - AtlanticLeague - 03-06-2013 02:00 PM
Will the ACC insist that it be paid in full prior to ND joining?
RE: How much will ND's exit fee be? - apex_pirate - 03-06-2013 02:05 PM
(03-06-2013 01:28 PM)chargeradio Wrote: What would be funny is if ND owed an exit fee to the C7-after all ND technically isn't withdrawing with them.
They are withdrawing as a group. Nothing states that they have to land in the same place. Though I think steve is right that if ND leaves before the 27 months they indeed do have an exit fee. All of that will be negotiated out with the C7 stuff. Doubt ND pays anything as it will come out of any money that would have been theirs and negotiated as settlement.
RE: How much will ND's exit fee be? - TerryD - 03-06-2013 02:22 PM
(03-06-2013 02:05 PM)apex_pirate Wrote:(03-06-2013 01:28 PM)chargeradio Wrote: What would be funny is if ND owed an exit fee to the C7-after all ND technically isn't withdrawing with them.
They are withdrawing as a group. Nothing states that they have to land in the same place. Though I think steve is right that if ND leaves before the 27 months they indeed do have an exit fee. All of that will be negotiated out with the C7 stuff. Doubt ND pays anything as it will come out of any money that would have been theirs and negotiated as settlement.
If ND leaves short of the 27 month notice, it may owe $5million or less.
It gets complicated. Here are some quotes:
This article quotes Swarbrick as saying that ND owes no exit fee:
"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.”
http://notredame.247sports.com/Article/Notre-Dame- AD-Jack-Swarbrick-considering-early-Big-East-exit- 107216
Apparently, the only issue is the 27 month waiting period:
"The question all along has been whether or not Swarbrick would comply with Big East bylaws, which requires 27 months notice in order to leave the Big East without penalty, or go ahead and join the ACC next fall. 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."
This article says that they will have to negotiate an exit fee if they leave sooner:
"
Schools leaving the Big East must provide 27 months' notice and pay an exit fee. However, Notre Dame is not required to pay an exit fee if it honors the 27 months. To leave prior to the 27 months -- or before July 1, 2015 -- the Irish would have to negotiate an agreement with the Big East."
"Unlike other league members, Notre Dame has a unique situation with the Big East that if it provides 27 months' notice, the school does not have to pay an exit fee. Other league members must provide the 27 months' notice and pay the league's exit fee, currently $10 million. To leave before 27 months, Big East schools have negotiated paying higher exit fees."
http://espn.go.com/college-sports/story/_/id/9022342/notre-dame-fighting-irish-join-acc-summer-school-negotiate-big-east-exit-according-sources?src=mobile
This one says that Notre Dame's exit fee is $5 million dollars:
"Big East bylaws require a departing school to pay a $5 million exit fee and provide a 27-month withdrawal notice before leaving the conference. Notre Dame AD Jack Swarbrick said during a press conference Wednesday night that the school intends to meet its contractual obligations with the Big East. Swarbrick declined to comment specifically on if the school plans to leave the conference before the start of the 2014 season."
http://www.cbssports.com/collegefootball/blog/coll ege-football-rapidreports/20167831/how-will-the-bi g-east-respond-to-the-departure-of-notre-dame
It is a bit confusing.
Whatever the situation, I don't think that an exit fee is all that big of a deal for ND.
RE: How much will ND's exit fee be? - stever20 - 03-06-2013 02:37 PM
I think the thing for the Big East is they may be trying to get football games in lieu of an exit fee.
RE: How much will ND's exit fee be? - mufanatehc - 03-06-2013 02:46 PM
Notre dame doesn't have room for that with their acc agreement.
RE: How much will ND's exit fee be? - TIGER-PAUL - 03-06-2013 02:51 PM
(03-06-2013 02:37 PM)stever20 Wrote: I think the thing for the Big East is they may be trying to get football games in lieu of an exit fee.
maybe they'll play a game each vs the 3?
RE: How much will ND's exit fee be? - TerryD - 03-06-2013 02:54 PM
(03-06-2013 02:37 PM)stever20 Wrote: I think the thing for the Big East is they may be trying to get football games in lieu of an exit fee.
ND already told the Aresco League "no" to that.
"The Big East previously offered Notre Dame the chance for an earlier exit if the Fighting Irish would schedule future football games against Big East opponents, a source said.
But Notre Dame, with five annual games against ACC opponents starting in 2014, told the Big East it didn't have any future openings and was unable to accommodate the request."
http://espn.go.com/college-sports/story/_/id/9022342/notre-dame-fighting-irish-join-acc-summer-school-negotiate-big-east-exit-according-sources?src=mobile
RE: How much will ND's exit fee be? - gocards#1 - 03-06-2013 03:12 PM
(03-06-2013 01:56 PM)curtis0620 Wrote: How about the ACC trade Maryland for Louisville in 2013?
Sold! Maryland can play our crappy Big East schedule and we inherit their ACC schedule. Everybody wins!
RE: How much will ND's exit fee be? - baggerbob - 03-06-2013 03:17 PM
(03-06-2013 02:54 PM)TerryD Wrote:Notre Dame was part of the basketball schools, so if they leave Notre Dame needs to leave with them, otherwise they can't leave. Swarbrick has them over a barrel, he can slap an injunction on the C7 saying they can't leave on their own. That would cause the Fox money to go Bye Bye!(03-06-2013 02:37 PM)stever20 Wrote: I think the thing for the Big East is they may be trying to get football games in lieu of an exit fee.
ND already told the Aresco League "no" to that.
"The Big East previously offered Notre Dame the chance for an earlier exit if the Fighting Irish would schedule future football games against Big East opponents, a source said.
But Notre Dame, with five annual games against ACC opponents starting in 2014, told the Big East it didn't have any future openings and was unable to accommodate the request."
http://espn.go.com/college-sports/story/_/id/9022342/notre-dame-fighting-irish-join-acc-summer-school-negotiate-big-east-exit-according-sources?src=mobile
RE: How much will ND's exit fee be? - Wolfman - 03-06-2013 04:34 PM
Sounds like the ND exit fee could be what ever they paid for the postage to send their notice to Providence. Wouldn't surprise me if the BE reimbursed them for the postage though.
RE: How much will ND's exit fee be? - Wedge - 03-06-2013 05:39 PM
(03-06-2013 03:12 PM)gocards#1 Wrote:(03-06-2013 01:56 PM)curtis0620 Wrote: How about the ACC trade Maryland for Louisville in 2013?
Sold! Maryland can play our crappy Big East schedule and we inherit their ACC schedule. Everybody wins!
Heh. I see that your lovely parting gift from the Aresco League is a schedule with 4 of Louisville's 8 conference games on Thursday or Friday.
RE: How much will ND's exit fee be? - gocards#1 - 03-06-2013 05:57 PM
(03-06-2013 05:39 PM)Wedge Wrote:(03-06-2013 03:12 PM)gocards#1 Wrote:(03-06-2013 01:56 PM)curtis0620 Wrote: How about the ACC trade Maryland for Louisville in 2013?
Sold! Maryland can play our crappy Big East schedule and we inherit their ACC schedule. Everybody wins!
Heh. I see that your lovely parting gift from the Aresco League is a schedule with 4 of Louisville's 8 conference games on Thursday or Friday.
Hey at least we don't have to play on Wednesdays.