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When will Oklahoma-Texas go to the SEC? 2023, 2024 or 2025.
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Wedge Offline
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Post: #101
RE: When will Oklahoma-Texas go to the SEC? 2023, 2024 or 2025.
(05-13-2022 06:33 PM)Attackcoog Wrote:  
(05-13-2022 01:22 PM)Wedge Wrote:  
(05-13-2022 11:50 AM)Attackcoog Wrote:  They have to pay the 70 million base exit fee no matter what they do. They can get a full share SEC payout if the SEC gets full rights---but that would REQUIRE a financial GOR settlement with the Big12---which would likely offset any benefit from receiving a full SEC share for UT/OK. Im just making the point that UT/OK could potentially bolt without reaching a settlement on the GOR. Its probably just as financially workable as bolting with a settlement. Either way involves some pain.

I think your argument is contrary to the meaning of "settlement"?

When there is a settlement agreement, then whomever has to pay under the agreement, they pay only what the settlement agreement calls for. Not more or less than that. If those schools make a settlement agreement with the Big 12, they pay what the agreement requires them to pay, whether it's $1 or $1 billion or something in between.

I think when most talk of "settlement" they are considering some sort of settlement modifying the current agreement. I dont think UT/OU have much chance of modifying the exit fee---but I do think its possible to deal with the GOR fallout (if the SEC is willing to work with the two) even if the Big12 is unwilling to negotiate on the GOR terms.

No doubt everyone involved has really good lawyers, which is why I would think that any settlement includes everything, i.e., the settlement agreement would spell out the exact total amount that OU and UT would pay, not just part of it.

I am also very skeptical that Disney or the SEC would pay any part of the ransom that OU and UT end up paying, or that they would give the Big 12 anything else significant. There's no incentive for Disney to accelerate the process as long as CBS still has the SEC's OTA rights, and the SEC will prosper just fine between now and whenever the Horns and Sooners get to them. Everyone is going to be OK even if they have to wait two more years; I don't see why anyone would, metaphorically, sever their arm or give up their firstborn child just to get these two teams into the SEC two years earlier.
05-16-2022 12:43 PM
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JRsec Offline
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Post: #102
RE: When will Oklahoma-Texas go to the SEC? 2023, 2024 or 2025.
(05-16-2022 12:43 PM)Wedge Wrote:  
(05-13-2022 06:33 PM)Attackcoog Wrote:  
(05-13-2022 01:22 PM)Wedge Wrote:  
(05-13-2022 11:50 AM)Attackcoog Wrote:  They have to pay the 70 million base exit fee no matter what they do. They can get a full share SEC payout if the SEC gets full rights---but that would REQUIRE a financial GOR settlement with the Big12---which would likely offset any benefit from receiving a full SEC share for UT/OK. Im just making the point that UT/OK could potentially bolt without reaching a settlement on the GOR. Its probably just as financially workable as bolting with a settlement. Either way involves some pain.

I think your argument is contrary to the meaning of "settlement"?

When there is a settlement agreement, then whomever has to pay under the agreement, they pay only what the settlement agreement calls for. Not more or less than that. If those schools make a settlement agreement with the Big 12, they pay what the agreement requires them to pay, whether it's $1 or $1 billion or something in between.

I think when most talk of "settlement" they are considering some sort of settlement modifying the current agreement. I dont think UT/OU have much chance of modifying the exit fee---but I do think its possible to deal with the GOR fallout (if the SEC is willing to work with the two) even if the Big12 is unwilling to negotiate on the GOR terms.

No doubt everyone involved has really good lawyers, which is why I would think that any settlement includes everything, i.e., the settlement agreement would spell out the exact total amount that OU and UT would pay, not just part of it.

I am also very skeptical that Disney or the SEC would pay any part of the ransom that OU and UT end up paying, or that they would give the Big 12 anything else significant. There's no incentive for Disney to accelerate the process as long as CBS still has the SEC's OTA rights, and the SEC will prosper just fine between now and whenever the Horns and Sooners get to them. Everyone is going to be OK even if they have to wait two more years; I don't see why anyone would, metaphorically, sever their arm or give up their firstborn child just to get these two teams into the SEC two years earlier.

What the SEC could do is to essentially loan a portion of the exit fees which could be repaid by withholding a few million per year in conference money for whatever number of years is agreed upon, likely not more than ten years. I doubt Texas would need this. Maybe Oklahoma would? We'll see.
05-16-2022 12:50 PM
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Wedge Offline
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Post: #103
RE: When will Oklahoma-Texas go to the SEC? 2023, 2024 or 2025.
(05-16-2022 12:50 PM)JRsec Wrote:  
(05-16-2022 12:43 PM)Wedge Wrote:  
(05-13-2022 06:33 PM)Attackcoog Wrote:  
(05-13-2022 01:22 PM)Wedge Wrote:  
(05-13-2022 11:50 AM)Attackcoog Wrote:  They have to pay the 70 million base exit fee no matter what they do. They can get a full share SEC payout if the SEC gets full rights---but that would REQUIRE a financial GOR settlement with the Big12---which would likely offset any benefit from receiving a full SEC share for UT/OK. Im just making the point that UT/OK could potentially bolt without reaching a settlement on the GOR. Its probably just as financially workable as bolting with a settlement. Either way involves some pain.

I think your argument is contrary to the meaning of "settlement"?

When there is a settlement agreement, then whomever has to pay under the agreement, they pay only what the settlement agreement calls for. Not more or less than that. If those schools make a settlement agreement with the Big 12, they pay what the agreement requires them to pay, whether it's $1 or $1 billion or something in between.

I think when most talk of "settlement" they are considering some sort of settlement modifying the current agreement. I dont think UT/OU have much chance of modifying the exit fee---but I do think its possible to deal with the GOR fallout (if the SEC is willing to work with the two) even if the Big12 is unwilling to negotiate on the GOR terms.

No doubt everyone involved has really good lawyers, which is why I would think that any settlement includes everything, i.e., the settlement agreement would spell out the exact total amount that OU and UT would pay, not just part of it.

I am also very skeptical that Disney or the SEC would pay any part of the ransom that OU and UT end up paying, or that they would give the Big 12 anything else significant. There's no incentive for Disney to accelerate the process as long as CBS still has the SEC's OTA rights, and the SEC will prosper just fine between now and whenever the Horns and Sooners get to them. Everyone is going to be OK even if they have to wait two more years; I don't see why anyone would, metaphorically, sever their arm or give up their firstborn child just to get these two teams into the SEC two years earlier.

What the SEC could do is to essentially loan a portion of the exit fees which could be repaid by withholding a few million per year in conference money for whatever number of years is agreed upon, likely not more than ten years. I doubt Texas would need this. Maybe Oklahoma would? We'll see.

You're right, the SEC could do that. The Big Ten did that for Maryland.
05-16-2022 01:01 PM
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