johnbragg
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Big East Realignment Fund: Where did the $$$ go?
I was totalling up the Big East exit fees this morning, and something really came home. A bunch of money that should be there isn't going to be there, according to the email from the Aresco lawyer to the C-7. That email says $18.8M at the end of 2013.
By that point there should be
$20M from West Virginia
$5M from TCU
$7.5M from Syracuse
$7.5M from Pitt
That adds up to $40M, not $18.8M. (Since that email, we'd add Boise's $2.5M "RSVP No" fee.)
We didn't pay all of Temple's $6M MAC exit fee or their $1M A-10 exit fee. So how exactly did the conference spend $20M? According to the Rutgers lawsuit, it wasn't distributed to the membership.
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| 03-03-2013 09:30 AM |
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Big East Realignment Fund: Where did the $$$ go?
