CliftonAve
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RE: UConn & AAC Agree to $17M Exit Fee
(07-26-2019 09:47 AM)UCGrad1992 Wrote: (07-26-2019 09:41 AM)GoCats1994 Wrote: $5M / 11 = roughly $450K per school. This barely covers the cost of a "buy" game to fill the void in the fb schedule. Seems like UConn is getting off easy rather than being punished for leaving the conference.
True, but the other way to look at it is for a program that has financial problems, they are going to have $17 million less in the coffers regardless of how they try and make up that difference. Again, it's a compromise because both sides want to move on quickly - which I think is a good thing.
Just to clarify.. they won't be coughing up $17M. The AAC will be keeping ~$10M that would have otherwise been owed to UConn for conference distribution including media revenue, CFP money, bowl money, NCAA tourney credits, etc. UConn is only really paying a little over $6M out of pocket ($1M per year for 6 years).
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| 07-26-2019 09:56 AM |
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UConn & AAC Agree to $17M Exit Fee
