(02-15-2012 11:19 PM)IceJus10 Wrote:  I'm told in pvt that I'm being called out.... soooooo I'll prove I've said... here's one of 'em I found quickly:

Quote:The only way I see WVU sticking around the Big East is if the Counsel for the State, tells WVU officials, the State cannot afford the financial commitments of the settlement during their current budget gap (legislative budget planning crisis) and thus wouldn't be able to afford potential damages either (because they would be higher), but unlikely - because I think the Big 12 can pay and WVU can just owe them

Full thread/quote "Lot of smoke re: BE/WVU settlement."

The off basis out in left field quote it turns out was this one...

(01-20-2012 04:00 PM)buckaineer Wrote:  That's what is hilarious about this whole thing--people here are under the very mistaken conclusion that WVU lost a lawsuit to the Big East and owes the Big East money-even to an exact number. None of this is true, it isn't even known if WVU will owe ANY money to anyone, could very well be the other way around.

EDIT: PS - quit trolling!

Really. Out in left field. What about that statement isn't true? Did WVU lose a lawsuit to the Big East? NO. Did WVU OWE an exact amount of money and was it known at the time that statement was written? NO. WVU agreed to offer an amount for settlement so the case could be resolved to the benefit of everyone--no one knows what the outcome had the cases proceeded to trial. Even the Big East stated this was so--they agreed to settle because WVU made an offer of a much higher than required buyout--not that WVU lost a lawsuit and was required to pay a certain amount. Lastly as articles AND the actual settlement document show, in fact the Big East does owe WVU monies--some of which will be held back, and if WVU earns a certain amount this year, the Big East will in fact be paying money to WVU prior to their departure date.

Take your own advice and quit trolling.

(02-15-2012 06:58 PM)TRest3 Wrote:  

(02-15-2012 03:13 PM)EerMeNow Wrote:  

(02-15-2012 10:37 AM)bitcruncher Wrote:  WVU isn't paying anything. Some booster(s) picked up the tab...

This is an important distinction to make. WVU as an institution will NOT take a financial hit in the short term or long term for this move. It will, however, make more with a 50% pay-out of the Big 12 television contracts in year 1 than it ever made from 100% pay-out of the Big East television agreements

All this tells me is that WVU is cash-poor right now.

Your UConn education certainly didn't help you any. I think you need to go back to school. It's obvious that you didn't learn the difference between inductive and deductive reasoning...

(02-15-2012 10:31 PM)ULdave Wrote:  To reiterate my point, in which I was not wrong, how the money is moved around is of no importance, WVU is still out 15 million dollars.

Regardless of your opinion, WVU is going to make more money in a shorter amount of time than it ever has.

In the end WV and the BE will both do just fine.

(02-16-2012 09:13 AM)EerMeNow Wrote:  

(02-15-2012 10:31 PM)ULdave Wrote:  To reiterate my point, in which I was not wrong, how the money is moved around is of no importance, WVU is still out 15 million dollars.

Regardless of your opinion, WVU is going to make more money in a shorter amount of time than it ever has.

Did all of you WVU fans fall on your heads recently? You guys are making no sense whatsoever.
My only opinion is that the article as well as the thread is misleading. It implies that WVU is getting off scott free and not paying anything to get out of the conference. If you have wages garnished from you pay check but never actually hand over any any money, it doesn't mean you didn't pay. Saying otherwise is just stupid. It has nothing to due with what money WVU might make in the Big 12, that was never at issue.

Yeah, and the quote that was provided from the story proved to be dead wrong as well.
However, a university source said Tuesday the athletic department expects to make more than $7.5 million in Big East revenue from 2011-12 and perhaps as much as $9 million. If WVU makes more than the $7.5 million balance, the Big East would pay the Mountaineers the difference as they enter the Big 12.

Turns out that if WV makes 9 million, they don't get anything from the Big East. If they made only 7.5 million, then WV would owe the Big East 1.5 million.

(02-16-2012 09:30 AM)stever20 Wrote:  Yeah, and the quote that was provided from the story proved to be dead wrong as well.
However, a university source said Tuesday the athletic department expects to make more than $7.5 million in Big East revenue from 2011-12 and perhaps as much as $9 million. If WVU makes more than the $7.5 million balance, the Big East would pay the Mountaineers the difference as they enter the Big 12.

Turns out that if WV makes 9 million, they don't get anything from the Big East. If they made only 7.5 million, then WV would owe the Big East 1.5 million.

EXCERPT:

The Big East also will keep WVU's 2011-12 conference revenue distribution up to $9 million, the agreed upon predicted annual amount the Mountaineers can make as a Big East member.

If the final number exceeds $9 million, the Big East will pay WVU the excess.

http://www.dailymail.com/Sports/WVUSports/201202150130

The original article may have gotten the numbers incorrect, the facts stay the same. If WVU's revenues are higher the Big East will in fact pay them.

(02-16-2012 11:42 AM)buckaineer Wrote:  

(02-16-2012 09:30 AM)stever20 Wrote:  Yeah, and the quote that was provided from the story proved to be dead wrong as well.
However, a university source said Tuesday the athletic department expects to make more than $7.5 million in Big East revenue from 2011-12 and perhaps as much as $9 million. If WVU makes more than the $7.5 million balance, the Big East would pay the Mountaineers the difference as they enter the Big 12.

Turns out that if WV makes 9 million, they don't get anything from the Big East. If they made only 7.5 million, then WV would owe the Big East 1.5 million.

EXCERPT:

The Big East also will keep WVU's 2011-12 conference revenue distribution up to $9 million, the agreed upon predicted annual amount the Mountaineers can make as a Big East member.

If the final number exceeds $9 million, the Big East will pay WVU the excess.

http://www.dailymail.com/Sports/WVUSports/201202150130

The original article may have gotten the numbers incorrect, the facts stay the same. If WVU's revenues are higher the Big East will in fact pay them.

Right, and I'm not disputing that. What the original article had though was that it was likely that the Big East would be paying West Virginia some money. That's not the case- as you just posted in the revised article.

(02-16-2012 11:44 AM)stever20 Wrote:  

(02-16-2012 11:42 AM)buckaineer Wrote:  

(02-16-2012 09:30 AM)stever20 Wrote:  Yeah, and the quote that was provided from the story proved to be dead wrong as well.
However, a university source said Tuesday the athletic department expects to make more than $7.5 million in Big East revenue from 2011-12 and perhaps as much as $9 million. If WVU makes more than the $7.5 million balance, the Big East would pay the Mountaineers the difference as they enter the Big 12.

Turns out that if WV makes 9 million, they don't get anything from the Big East. If they made only 7.5 million, then WV would owe the Big East 1.5 million.

EXCERPT:

The Big East also will keep WVU's 2011-12 conference revenue distribution up to $9 million, the agreed upon predicted annual amount the Mountaineers can make as a Big East member.

If the final number exceeds $9 million, the Big East will pay WVU the excess.

http://www.dailymail.com/Sports/WVUSports/201202150130

The original article may have gotten the numbers incorrect, the facts stay the same. If WVU's revenues are higher the Big East will in fact pay them.

Right, and I'm not disputing that. What the original article had though was that it was likely that the Big East would be paying West Virginia some money. That's not the case- as you just posted in the revised article.

Nothing has changed about the original article other than they had the incorrect amount down. There is a good possibility the Big East will owe WVU money from 2011-2012.

Original article:
However, a university source said Tuesday the athletic department expects to make more than $7.5 million in Big East revenue from 2011-12 and perhaps as much as $9 million. If WVU makes more than the $7.5 million balance, the Big East would pay the Mountaineers the difference as they enter the Big 12.
Revised article:
The Big East also will keep WVU's 2011-12 conference revenue distribution up to $9 million, the agreed upon predicted annual amount the Mountaineers can make as a Big East member.

you have to be almost ignorant to not see the difference. In the original article- it makes it seem almost certain that the Big East would owe money. In the new article, it's a lot more questionable- they don't say one way or the other if WV expects to make more than the projection.

(02-16-2012 12:21 PM)stever20 Wrote:  Original article:
However, a university source said Tuesday the athletic department expects to make more than $7.5 million in Big East revenue from 2011-12 and perhaps as much as $9 million. If WVU makes more than the $7.5 million balance, the Big East would pay the Mountaineers the difference as they enter the Big 12.
Revised article:
The Big East also will keep WVU's 2011-12 conference revenue distribution up to $9 million, the agreed upon predicted annual amount the Mountaineers can make as a Big East member.

you have to be almost ignorant to not see the difference. In the original article- it makes it seem almost certain that the Big East would owe money. In the new article, it's a lot more questionable- they don't say one way or the other if WV expects to make more than the projection.

Or you have to have a serious bias/agenda against WVU to keep harping on this as though there is anything in there to suggest WVU is not getting any money from the Big East. There is a possibility WVU will earn more and will be owed money by the Big East and the articles and the settlement illustrate this.

You have a severe agenda against the big east to ignore that the original article paints a whole different picture than the updated article. Original- almost certain. updated- possible. Night and day difference.

(02-16-2012 01:33 PM)stever20 Wrote:  You have a severe agenda against the big east to ignore that the original article paints a whole different picture than the updated article. Original- almost certain. updated- possible. Night and day difference.

You are reading into it what you want. Time will tell if indeed WVU gets paid. Either way, the Big XII and donors are picking up the bill and WVU will soon be getting paid a huge increase in $$ from their new conference.

(02-16-2012 08:52 AM)bitcruncher Wrote:  

(02-15-2012 06:58 PM)TRest3 Wrote:  

(02-15-2012 03:13 PM)EerMeNow Wrote:  

(02-15-2012 10:37 AM)bitcruncher Wrote:  WVU isn't paying anything. Some booster(s) picked up the tab...

This is an important distinction to make. WVU as an institution will NOT take a financial hit in the short term or long term for this move. It will, however, make more with a 50% pay-out of the Big 12 television contracts in year 1 than it ever made from 100% pay-out of the Big East television agreements

All this tells me is that WVU is cash-poor right now.

Your UConn education certainly didn't help you any. I think you need to go back to school. It's obvious that you didn't learn the difference between inductive and deductive reasoning...

You want to take shots at people's educations? WVU had to beg, borrow and steal all but 2.5 million (if I'm wrong, I'm certain you will point it out, as you appear to have no life outside of this board) of the necessary money to pay the BE and join the B12 by a date certain. Rather than paying the necessary amount from its own funds, it had to prostrate itself in front of its new conference brethren to make this happen, a sign of fiscal weakness. Therefore, WVU must not have the cash at hand to pay its own bills. CASH POOR. It was not acting as an institution that had the funds necessary to accomplish this critical transaction. If it did have the funds, why beg for help from the B12?

Good luck in the B12. Pay your new masters on time each month.

WOO HOO negative -4 ... I am the only person I see on the board who has a negative reputation... 3 people responsible for -11 on my reputation, can we say abuse of the system!?!?! I have you blocked so I can't see what BS you're saying, but I think you seriously need to GROW UP!

(02-16-2012 07:17 PM)TRest3 Wrote:  

(02-16-2012 08:52 AM)bitcruncher Wrote:  

(02-15-2012 06:58 PM)TRest3 Wrote:  

(02-15-2012 03:13 PM)EerMeNow Wrote:  

(02-15-2012 10:37 AM)bitcruncher Wrote:  WVU isn't paying anything. Some booster(s) picked up the tab...

This is an important distinction to make. WVU as an institution will NOT take a financial hit in the short term or long term for this move. It will, however, make more with a 50% pay-out of the Big 12 television contracts in year 1 than it ever made from 100% pay-out of the Big East television agreements

All this tells me is that WVU is cash-poor right now.

Your UConn education certainly didn't help you any. I think you need to go back to school. It's obvious that you didn't learn the difference between inductive and deductive reasoning...

You want to take shots at people's educations? WVU had to beg, borrow and steal all but 2.5 million (if I'm wrong, I'm certain you will point it out, as you appear to have no life outside of this board) of the necessary money to pay the BE and join the B12 by a date certain. Rather than paying the necessary amount from its own funds, it had to prostrate itself in front of its new conference brethren to make this happen, a sign of fiscal weakness. Therefore, WVU must not have the cash at hand to pay its own bills. CASH POOR. It was not acting as an institution that had the funds necessary to accomplish this critical transaction. If it did have the funds, why beg for help from the B12?

Good luck in the B12. Pay your new masters on time each month.

Since you got so heated about education, I've realized you still have no clue what I'm talking about...

Inductive reasoning: Fitting facts to a preconceived conclusion
Deductive reasoning: Coming to a conclusion based on a logical analysis of the evidence

As for my life, I've done more and seen more in my life than you ever will. But I spend most of my time these days nursing my wife through her bouts with MS. In between errands, I get on the computer...

These days, I take life as it comes. If I wake up, it's a good day. Considering that I've been declared dead 3 times in my life and came back from the beyond every time, I'm doing fine. I'm still fully ambulatory (everything still works, for the uninitiated), and I've got the perfect companion, even if her health isn't the best any longer. If you're ever able to say the same, you'll be one lucky man...

I'm looking forward to life in the Big XII, as is the entire Mountaineer nation. Good luck in The BEast...