STORY---
The upfront cost of changing conferences continues to climb, with James Madison set to pay a record — for now — $23 million entrance fee to join the American Conference in addition to a $5 million exit fee to leave the Sun Belt.
The Dukes, however, found an Unusual way to ease the financial burden.
JMU arranged for new corporate sponsorship agreements with the American to cover its entrance fee, allowing the school to enter its new league on or before July 1, 2028, as a full member receiving a conference revenue share equal to several current members.
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[SBC related]
"Sources indicated that JMU WILL negotiate with the Sun Belt to leave the conference by the summer of 2027, but that could raise the cost of the exit fee. The Dukes are open to negotiating a higher exit fee when tensions following JMU's announcement die down, but sources said JMU is not interested in paying more than $10 million to leave the Sun Belt."
"Sun Belt presidents voted Thursday night to raise the exit fee to between $8 million and $18 million depending on the notice given. Those increases will NOT apply to JMU, which had already given notice to the league."
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[MIAMI related]
Along with JMU, Miami (Ohio) was linked to the American in reporting from On3.com only weeks before the Dukes' move became official.
One of the American's newest corporate partners, however, is Riley Decker Workforce Solutions, which announced an agreement with the conference in August.
Riley Decker CEO Kyle Decker is a former MIAMI (OH) quarterback who also founded Red Brick Legacy, an NIL collective associated with the school.
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[Back to the 23M in Corporate sponsors from JMU]
The corporate sponsorships could provide another longer-term benefit.
Rather than simply collecting an entrance fee from JMU, the American gains relationships with companies that could continue doing business with the conference after the Dukes' initial $23 million obligation has been fulfilled.
JMU president Jim Schmidt believes that potential was an important part of making the arrangement attractive to both sides.
“I think that says a lot about the conference, that they realize they can develop long term relationships with the corporate partners we brought to the table,” Schmidt said. “That goes way beyond the potential of covering our fees to join the conference.”
https://www.dnronline.com/sports/level/c...93239.html