stever20
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article on split
just saw this:
http://www.cbssports.com/collegefootball...ment-funds
Looks like 68.8 million just in the fees.
now one major thing:
The documents state the Big East retains NCAA units from West Virginia, Syracuse, Pitt and Louisville, worth roughly $50 million over a nine-year period.
few things here-
1- seems like each group gets to keep their units.
2- author is wrong- it's over a 6 year period.
3- seems like the fb group will get to keep the hoops money from the leaving schools. What woudl be split up is the exit/entrance fees.
sounds like aresco is trying to get the split done sooner rather than later.
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02-01-2013 03:44 PM |
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johnbragg
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RE: article on split
(02-01-2013 03:44 PM)stever20 Wrote: just saw this:
http://www.cbssports.com/collegefootball...ment-funds
Looks like 68.8 million just in the fees.
now one major thing:
The documents state the Big East retains NCAA units from West Virginia, Syracuse, Pitt and Louisville, worth roughly $50 million over a nine-year period.
few things here-
1- seems like each group gets to keep their units.
2- author is wrong- it's over a 6 year period.
3- seems like the fb group will get to keep the hoops money from the leaving schools. What woudl be split up is the exit/entrance fees.
sounds like aresco is trying to get the split done sooner rather than later.
Quote:“Would you be amenable to an earlier separation date?”
”If so, what is the earliest date you would consider?”
“Would you be amenable to allowing the other group of schools to retain the Big East name under appropriate conditions?”
That sounds like the C-7 get the name.
And yes, we'd be amenable to a 2013 separation, but those guys probably aren't.
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02-01-2013 03:59 PM |
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stever20
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RE: article on split
I think 2013 seems more realistic than ever:
In a text message, Notre Dame athletic director Jack Swarbrick said the email “reflects our interest in understanding what the Catholic 7 are thinking in terms of a timetable. Risk we are trying to manage is the possibility that they leave earlier than expected.”
to me, that puts 2013 squarely in play.... And, it seems if they asked it that they would be willing to leave earlier as well...
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02-01-2013 04:01 PM |
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johnbragg
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RE: article on split
2013 works fine for us. I don't think it works so well for those guys.
They need a new name, new logo, new conference offices, new bylaws. Does that get done in six months?
Heck, they might need us to get them a TV contract for basketball for next year. Of course, I think Fox would be willing to help out here--having the 18 team Big East fills a LOT of airtime in the first months of FoxSports1, capped by the Big East Tournament.
(If you think I'm negative about us, you haven't heard me talk about them.)
(This post was last modified: 02-01-2013 04:07 PM by johnbragg.)
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02-01-2013 04:07 PM |
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NJRedMan
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RE: article on split
(02-01-2013 04:07 PM)johnbragg Wrote: 2013 works fine for us. I don't think it works so well for those guys.
They need a new name, new logo, new conference offices, new bylaws. Does that get done in six months?
Heck, they might need us to get them a TV contract for basketball for next year. Of course, I think Fox would be willing to help out here--having the 18 team Big East fills a LOT of airtime in the first months of FoxSports1, capped by the Big East Tournament.
(If you think I'm negative about us, you haven't heard me talk about them.)
Oh they're a dumpster fire.
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02-01-2013 04:09 PM |
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stever20
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RE: article on split
a dumpster fire who would be getting UConn(if not on APR probation), Cincy, Memphis, and Temple in the tourney. That's not too bad at all.
I wouldn't say the name issue is over yet either. To me, it easily could be where it's jointly owned, and they were seeing if the C7 wanted it. I wouldn't count that egg at all yet.
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02-01-2013 04:12 PM |
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NJRedMan
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RE: article on split
(02-01-2013 04:12 PM)stever20 Wrote: a dumpster fire who would be getting UConn(if not on APR probation), Cincy, Memphis, and Temple in the tourney. That's not too bad at all.
I wouldn't say the name issue is over yet either. To me, it easily could be where it's jointly owned, and they were seeing if the C7 wanted it. I wouldn't count that egg at all yet.
Wait a sec, if we don't get 6-7 in every year were screwed but they get four in and they are a power we have to watch out for?
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02-01-2013 04:20 PM |
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Attackcoog
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RE: article on split
(02-01-2013 04:07 PM)johnbragg Wrote: 2013 works fine for us. I don't think it works so well for those guys.
They need a new name, new logo, new conference offices, new bylaws. Does that get done in six months?
Heck, they might need us to get them a TV contract for basketball for next year. Of course, I think Fox would be willing to help out here--having the 18 team Big East fills a LOT of airtime in the first months of FoxSports1, capped by the Big East Tournament.
(If you think I'm negative about us, you haven't heard me talk about them.)
lol....Ive never been here before. I always thought you just incredibly negative toward us only. Given you guys already have a 500 million dollar offer--Im not sure how you be too negative toward the C7 prosepects--especially if you guys also get to keep the name. I will say, that question could be read as nBE just trying to avoid future litigation over the name if it is not addressed in the prenup. And yes---I cant imagine Aresco can get things organized quickly enough if the C7 leave in 2013....what a mess.
(This post was last modified: 02-01-2013 04:38 PM by Attackcoog.)
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02-01-2013 04:35 PM |
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johnbragg
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RE: article on split
(02-01-2013 04:35 PM)Attackcoog Wrote: (02-01-2013 04:07 PM)johnbragg Wrote: 2013 works fine for us. I don't think it works so well for those guys.
They need a new name, new logo, new conference offices, new bylaws. Does that get done in six months?
Heck, they might need us to get them a TV contract for basketball for next year. Of course, I think Fox would be willing to help out here--having the 18 team Big East fills a LOT of airtime in the first months of FoxSports1, capped by the Big East Tournament.
(If you think I'm negative about us, you haven't heard me talk about them.)
lol....Ive never been here before. I always thought you just incredibly negative toward us only. Given you guys already have a 500 million dollar offer--Im not sure how you be too negative toward the C7 prosepects--especially if you guys also get to keep the name. I will say, that question could be read as nBE just trying to avoid future litigation over the name if it is not addressed in the prenup. And yes---I cant imagine Aresco can get things organized quickly enough if the C7 leave in 2013....what a mess.
They haven't run you off as a heretic yet, have they?
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02-01-2013 05:09 PM |
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JPSchmack
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RE: article on split
(02-01-2013 03:44 PM)stever20 Wrote: 2- author is wrong- it's over a 6 year period.
Tying to make sense of this…
The NCAA pays out over a six-year period, but it begins the following year; so it's a seven-year process.
The 2013 units have yet to be earned, so that makes it an eight-year process (even though it's 7 years, 4 months from now).
We know that it's the NCAA paying out over a six-year period, but when the CONFERENCE gives the money to the SCHOOL is up to each conference. For all we know, they pay in installments, which could bring it to 8 years, 4 months, and he's calling that a "nine-year period" from 2012 to Fiscal Year 2020.
You're absolutely right, but he might not be stupid.
(This post was last modified: 02-01-2013 05:16 PM by JPSchmack.)
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02-01-2013 05:14 PM |
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johnbragg
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RE: article on split
Well, if we stayed together through 2015-16, that's 2 years from now, plus this year. Then the credits for the 2016 tournament would be paid from 2017-22. Maybe that's how it stretches out to nine years?
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02-01-2013 05:31 PM |
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NJRedMan
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02-01-2013 08:25 PM |
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Jet915
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RE: article on split
After reading that article, seems like a ton of things for the lawyers to sort it. Gives me the feeling that a 2013 start is less likely especially if the two sides cannot agree and litigation gets involved.
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02-01-2013 08:31 PM |
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Attackcoog
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RE: article on split
(02-01-2013 05:09 PM)johnbragg Wrote: (02-01-2013 04:35 PM)Attackcoog Wrote: (02-01-2013 04:07 PM)johnbragg Wrote: 2013 works fine for us. I don't think it works so well for those guys.
They need a new name, new logo, new conference offices, new bylaws. Does that get done in six months?
Heck, they might need us to get them a TV contract for basketball for next year. Of course, I think Fox would be willing to help out here--having the 18 team Big East fills a LOT of airtime in the first months of FoxSports1, capped by the Big East Tournament.
(If you think I'm negative about us, you haven't heard me talk about them.)
lol....Ive never been here before. I always thought you just incredibly negative toward us only. Given you guys already have a 500 million dollar offer--Im not sure how you be too negative toward the C7 prosepects--especially if you guys also get to keep the name. I will say, that question could be read as nBE just trying to avoid future litigation over the name if it is not addressed in the prenup. And yes---I cant imagine Aresco can get things organized quickly enough if the C7 leave in 2013....what a mess.
They haven't run you off as a heretic yet, have they?
lol...my thread indicating that we were no longer the only conference with inventory on the open market (MW now has inventory to sell) wasnt very well recived. While I admit to being generally optimistic--I wont bury my head in the sand.
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02-02-2013 12:25 PM |
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Bearcat_Bounce
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RE: article on split
It would best best for both parties if everyone stays together for 1 more year, it will be tough (and costly) to get some of the schools that will be invited out of their 2013 obligations and it allows the BE to try to stabilize our membership.
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02-02-2013 12:32 PM |
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johnbragg
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RE: article on split
(02-02-2013 12:32 PM)Bearcat_Bounce Wrote: It would best best for both parties if everyone stays together for 1 more year, it will be tough (and costly) to get some of the schools that will be invited out of their 2013 obligations and it allows the BE to try to stabilize our membership.
I see a three-way arrangement benefiting everybody
1. Fox buys up the Big East 2013-14 basketball rights. They get to launch FoxSports1 with the best possible product in their first few months. $54M would be $3M per team--that could be the most you guys see for basketball for a long time. If Fox is willing to pay $40M per year for the C-7 and our new friends, I think adding UConn, Cincy, Memphis and Temple to the mix, and the greatest conference tournament in the country, is worth a little bump. Especially if you couple it with--
2. C-7 secures the rights to the Big East name in return for monetary considerations. That also allows Fox to sell "Big East basketball" as a continuing product.
3. Fox would still be the most logical candidate for the Metro Conference/Eastern 12/Aresco League football and basketball package--Fox has airtime to fill on FoxSports2 and FSN in the fall, and on FS1, FS2 and FSN in the spring. And they don't have a penny-pinching philosophy.
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02-02-2013 01:24 PM |
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Attackcoog
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RE: article on split
(02-02-2013 01:24 PM)johnbragg Wrote: (02-02-2013 12:32 PM)Bearcat_Bounce Wrote: It would best best for both parties if everyone stays together for 1 more year, it will be tough (and costly) to get some of the schools that will be invited out of their 2013 obligations and it allows the BE to try to stabilize our membership.
I see a three-way arrangement benefiting everybody
1. Fox buys up the Big East 2013-14 basketball rights. They get to launch FoxSports1 with the best possible product in their first few months. $54M would be $3M per team--that could be the most you guys see for basketball for a long time. If Fox is willing to pay $40M per year for the C-7 and our new friends, I think adding UConn, Cincy, Memphis and Temple to the mix, and the greatest conference tournament in the country, is worth a little bump. Especially if you couple it with--
2. C-7 secures the rights to the Big East name in return for monetary considerations. That also allows Fox to sell "Big East basketball" as a continuing product.
3. Fox would still be the most logical candidate for the Metro Conference/Eastern 12/Aresco League football and basketball package--Fox has airtime to fill on FoxSports2 and FSN in the fall, and on FS1, FS2 and FSN in the spring. And they don't have a penny-pinching philosophy.
Not sure there would be an Aresco League if they lose UConn, Memphis, Cinci, Temple, MSG, the "Big East" name, and possible Fox Sports-1 exposure. Why would anyone pay exit and entry fees for that? I think that UConn, Memphis, Cinci, and Temple would have to find alternate football homes before that could work. Maybe the Mountain West could create and eastern division with Cinci, UConn, UCF, SMU, Houston, USF, AF, Wyoming, and Colorado St--theres a football home for Cinci and UConn. They wont want Memphis or Temple for football. As football onlys, Memphis and Temple would need to join the MAC or CUSA.
(This post was last modified: 02-02-2013 02:11 PM by Attackcoog.)
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02-02-2013 02:03 PM |
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johnbragg
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RE: article on split
(02-02-2013 02:03 PM)Attackcoog Wrote: (02-02-2013 01:24 PM)johnbragg Wrote: (02-02-2013 12:32 PM)Bearcat_Bounce Wrote: It would best best for both parties if everyone stays together for 1 more year, it will be tough (and costly) to get some of the schools that will be invited out of their 2013 obligations and it allows the BE to try to stabilize our membership.
I see a three-way arrangement benefiting everybody
1. Fox buys up the Big East 2013-14 basketball rights. They get to launch FoxSports1 with the best possible product in their first few months. $54M would be $3M per team--that could be the most you guys see for basketball for a long time. If Fox is willing to pay $40M per year for the C-7 and our new friends, I think adding UConn, Cincy, Memphis and Temple to the mix, and the greatest conference tournament in the country, is worth a little bump. Especially if you couple it with--
2. C-7 secures the rights to the Big East name in return for monetary considerations. That also allows Fox to sell "Big East basketball" as a continuing product.
3. Fox would still be the most logical candidate for the Metro Conference/Eastern 12/Aresco League football and basketball package--Fox has airtime to fill on FoxSports2 and FSN in the fall, and on FS1, FS2 and FSN in the spring. And they don't have a penny-pinching philosophy.
Not sure there would be an Aresco League if they lose UConn, Memphis, Cinci, Temple, MSG, the "Big East" name, and possible Fox Sports-1 exposure. Why would anyone pay exit and entry fees for that? UConn, Memphis, Cinci, and Temple would have to find football homes at that point.
I just meant for next year, with the split happening in 2014. If C-7 + Butler, Xavier and 3 others is worth $40M per year for 12 years, then you'd think that 2013-14 Big East hoops (C-7 + UConn + Louisville + Cinci, Memphis, Temple, and the rest) is worth at least $54M for one year. Especially if it's the year you're launching your sports network.
I'm not saying raid the Aresco LEague. I'm saying if you're keeping everyone together for one year to straighten out details, have that year on the Fox Sports family of networks for basketball.
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02-02-2013 02:16 PM |
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Attackcoog
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RE: article on split
(02-02-2013 02:16 PM)johnbragg Wrote: (02-02-2013 02:03 PM)Attackcoog Wrote: (02-02-2013 01:24 PM)johnbragg Wrote: (02-02-2013 12:32 PM)Bearcat_Bounce Wrote: It would best best for both parties if everyone stays together for 1 more year, it will be tough (and costly) to get some of the schools that will be invited out of their 2013 obligations and it allows the BE to try to stabilize our membership.
I see a three-way arrangement benefiting everybody
1. Fox buys up the Big East 2013-14 basketball rights. They get to launch FoxSports1 with the best possible product in their first few months. $54M would be $3M per team--that could be the most you guys see for basketball for a long time. If Fox is willing to pay $40M per year for the C-7 and our new friends, I think adding UConn, Cincy, Memphis and Temple to the mix, and the greatest conference tournament in the country, is worth a little bump. Especially if you couple it with--
2. C-7 secures the rights to the Big East name in return for monetary considerations. That also allows Fox to sell "Big East basketball" as a continuing product.
3. Fox would still be the most logical candidate for the Metro Conference/Eastern 12/Aresco League football and basketball package--Fox has airtime to fill on FoxSports2 and FSN in the fall, and on FS1, FS2 and FSN in the spring. And they don't have a penny-pinching philosophy.
Not sure there would be an Aresco League if they lose UConn, Memphis, Cinci, Temple, MSG, the "Big East" name, and possible Fox Sports-1 exposure. Why would anyone pay exit and entry fees for that? UConn, Memphis, Cinci, and Temple would have to find football homes at that point.
I just meant for next year, with the split happening in 2014. If C-7 + Butler, Xavier and 3 others is worth $40M per year for 12 years, then you'd think that 2013-14 Big East hoops (C-7 + UConn + Louisville + Cinci, Memphis, Temple, and the rest) is worth at least $54M for one year. Especially if it's the year you're launching your sports network.
I'm not saying raid the Aresco LEague. I'm saying if you're keeping everyone together for one year to straighten out details, have that year on the Fox Sports family of networks for basketball.
I misunderstood. I see what you mean now. Makes sense.
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02-02-2013 04:41 PM |
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