After having a few days to digest the settlement and the work through some numbers, here is what I've come up with.

The Big East Conference has set the cost of exit at $20 million dollars total to leave 19 months earlier than the 27 month bylaws require. That breaks down to $1.05 million per month. Pitt and Syracuse are staying 13 months longer than WVU did. (We announced a month earlier and are staying a year longer) That translates to $13.65 million leaving a difference of $6.35 million.

Pitt and Cuse are both going to incur costs and lost revenues of at least $1 million because they now have to find at least one replacement game (possibly 2). They both have agreed to pay $5 million, (as did WVU, but since the Big East counted the agreed to $5 million in the $20 million dollar settlement with WVU, the now have to with Pitt and Syracuse) That leaves a difference of $1.35 million at most. Considering the fact that both Pitt and Cuse could probably win that or more in a lawsuit against the conference, my guess is the parties agree that we are even and free to go.

At best, the Big East will get a little more than an extra million from each and we both exit on June 30, 2013. The Big East has set the market value of an early exit. And Pitt and Cuse will use that value to leave next year. See you next year.

This could be your first ever ACC conference game:
Saturday, 09/14/13 Pittsburgh Panthers @ Lane Stadium, Blacksburg, VA

The West Virginia settlement appears to be paying in excess of $20-million to leave on June 30th 2012, instead of June 30th 2014.

You don't leave at 27 months, you leave at the end of the academic year in which you fulfill your 27 month notice. So Syracuse and Pittsburgh are scheduled for the same June 30th, 2014 exit.

When you look at the actual exit dates, if WVU/Big 12 are on the hook for over $20-million in cash (plus forfeiture of tv payments and any NCAA winnings for the remainder of the year) for leaving two years early... then basically Syracuse and Pitt would be on the hook for $10-million (plus forfeiture of tv payments and NCAA winnings), leaving a year early.

The two schools would also need to announce their intentions to leave early THIS summer, in order to get a settlement cheaper. If they wait, they end up in a situation like WVU, it being late, owing for games, costly court time and etc... The longer they wait, the closer a settlement will be to ten than five million bucks or hell even more with more teams thus games to re-schedule.

somewhere between 7-10 mil should be about right for them to leave early.i think you will see both announce there leaving for the 2013 football season between now and june. either before ncaa tourney or right after

(02-14-2012 01:47 PM)Chris02M Wrote:  somewhere between 7-10 mil should be about right for them to leave early.i think you will see both announce there leaving for the 2013 football season between now and june. either before ncaa tourney or right after

I think you'll see them wait until after the current academic year and announce sometime after July 1st. I think they want to distance themselves from the stink of the WVU exit, in hopes of a more generous view from the Big East member presidents as the good guys who didn't screw them over. LOL Plus, you don't want to seek a buyout on the immediate heels of a $20-million settlement, that will push the price up.

100 years from now no one will remember the difference between 2012 and 2013.

I agree, Pittsburgh and Syracuse are joining the ACC in 2013. This will allow an orderly transition to things in both the Big East and the ACC.
Syracuse will make extra money joining the ACC plus the football games at Metlife add quite a bit of $$$ to the Syracuse football program.

If they did stay till June 30, 2014 would they be compensated for the extra months they stayed? The rule is for 27 but yet they would end up at 33 months(Sept. 19, 2011-June 30, 2014) since they can't leave during the school year. I don't think it's a bad thing for the BE to let them go since by June 30,2013 they would of served 21/27 months.

Who says we can't leave mid year? We would play our fall sports in the Big East and join the ACC for the winters. Not that it will come to that. Next July we'll be in the ACC

(02-20-2012 11:01 PM)Shannon Panther Wrote:  Who says we can't leave mid year? We would play our fall sports in the Big East and join the ACC for the winters. Not that it will come to that. Next July we'll be in the ACC

I don't think you can be in 2 conferences that plays the same sports at the same level at the same time, hence why WVU has to wait until June instead of April to leave.

(02-19-2012 12:44 AM)tj_2009 Wrote:  I agree, Pittsburgh and Syracuse are joining the ACC in 2013. This will allow an orderly transition to things in both the Big East and the ACC.
Syracuse will make extra money joining the ACC plus the football games at Metlife add quite a bit of $$$ to the Syracuse football program.

I agree its big bucks... The move to the ACC has nothing to do with the games at Metlife Stadium though, that was big bucks planned for several years...

(02-19-2012 03:55 PM)wildthing202 Wrote:  If they did stay till June 30, 2014 would they be compensated for the extra months they stayed? The rule is for 27 but yet they would end up at 33 months(Sept. 19, 2011-June 30, 2014) since they can't leave during the school year. I don't think it's a bad thing for the BE to let them go since by June 30,2013 they would of served 21/27 months.

No, because seasons overlap and schools don't leave mid academic year. The academic year for the NCAA runs July 1st to June 30th. In all this conference realignment, you'll see, a school leaves a conference the last day of an academic year and joins another the next day, the first day of the new year.

(02-21-2012 05:42 AM)IceJus10 Wrote:  

(02-19-2012 03:55 PM)wildthing202 Wrote:  If they did stay till June 30, 2014 would they be compensated for the extra months they stayed? The rule is for 27 but yet they would end up at 33 months(Sept. 19, 2011-June 30, 2014) since they can't leave during the school year. I don't think it's a bad thing for the BE to let them go since by June 30,2013 they would of served 21/27 months.

No, because seasons overlap and schools don't leave mid academic year. The academic year for the NCAA runs July 1st to June 30th. In all this conference realignment, you'll see, a school leaves a conference the last day of an academic year and joins another the next day, the first day of the new year.

Right, so would they get compensated or not? They lost voting rights and such 6 months earlier than they should have(March 30, 2012), since they came up with this stupid 27 month rule which can't be enforced correctly since a true 27 month notice would have Pitt and Syracuse out on December 19, 2013 rather than June 30, 2014.

I believe the rules are pretty clear that you can really only leave when the new conference year begins. I believe that date is July 1 of every year.

This is really a non issue but I just don't have time to go back and read the rules. This is one thing that the rules are clear about and everyone will be willing to abide by.

(02-21-2012 03:06 PM)ndlutz Wrote:  I believe the rules are pretty clear that you can really only leave when the new conference year begins. I believe that date is July 1 of every year.

This is really a non issue but I just don't have time to go back and read the rules. This is one thing that the rules are clear about and everyone will be willing to abide by.

Loss of voting rights, revenues, etc are all part of exiting any conference, so no I don't believe they'll receive compensation for the extra months, that is something a school sacrifices in every situation when they make the decision to announce they'll change conferences.

I'm not sure what your response was to my post but you're right they're not going to get compensated for extra time.

I dunno, I thought I hit reply to Wildthing202's post... dunno must of hit the wrong reply button... sorry!

No need to be sorry my man. I was just a bit confused. How that's different from normal I do not know.

Dear John Marinatto,

Can Pittsburgh and Syracuse come out to play with us after July 1st, please? We promise we won't steal from you any more!

Sincerely,
John Swofford

(02-21-2012 03:06 PM)ndlutz Wrote:  I believe the rules are pretty clear that you can really only leave when the new conference year begins. I believe that date is July 1 of every year.

This is really a non issue but I just don't have time to go back and read the rules. This is one thing that the rules are clear about and everyone will be willing to abide by.

You are correct. The bylaws that were published with the lawsuit stuff stated something to that effect.