If UH wants to be in Big 12 in 2023, AAC wants another $35 million
Houston, Cincinnati and Central Florida are facing an extra charge from the American...
AAC wants additional $35M exit fee for UH, UCF, Cincy to leave before 2023 Football Season
- Thread starter GoldenFunk
- Start date
Would you rather pay the $35m/3 price tag or sign a 5 year B12 / AAC annual match up agreement for the departing teams?If UH wants to be in Big 12 in 2023, AAC wants another $35 million
Houston, Cincinnati and Central Florida are facing an extra charge from the American...www.houstonchronicle.com
If it could be paid over two years, i.e.
2023- 12M
2024- 12M
2025- 11M
...then BigXII increases can cover the exit fee. At least it gets us to the exit.
2023- 12M
2024- 12M
2025- 11M
...then BigXII increases can cover the exit fee. At least it gets us to the exit.
We’ll either stay and they only get $10 million and screw up the timing of the cusa additions, or we’ll go to court with the UConn precedent of $7 million with less notice.
Tell Aresco to pound sand.
So let me get this straight, we signed a 10 year media deal that eventually peaked at $7M a year (we didn’t make $7M in 2021) and they want us to pay $45M to leave early? Ridiculous. Lawyers for the schools leaving should say we’ll offer $7 just like Uconn
So let me get this straight, we signed a 10 year media deal that eventually peaked at $7M a year (we didn’t make $7M in 2021) and they want us to pay $45M to leave early? Ridiculous. Lawyers for the schools leaving should say we’ll offer $7 just like Uconn
With the recruiting going on right now, we should stay one more year and the three departing schools will make the leftovers even less relevant than they are now.
Don’t pay blood money......it’s not our job to prop them up for when their next TV deal results in less revenue.
Let usf pay for their own stadium....unless it includes naming rights
Let usf pay for their own stadium....unless it includes naming rights
Should Oklahoma and Texas due to the same and not send over $150 million to B12?Don’t pay blood money......it’s not our job to prop them up for when their next TV deal results in less revenue.
Let usf pay for their own stadium....unless it includes naming rights
Yes let's pay 45 mill total to a League and a commissioner that didn't even stick up for us (or his league) after winning 25 flipping games in a row. He sure is fighting for this though. They will never pay that and if those other schools join before than i'm sure lawyers will find some contract clause that they broke due to adding members. No way they pay and for sure no way we stick around 2 more seasons.
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What happened to the UCONN deal. Sounds like someone got their feelings hurt and now realize their conference value is dropping quicker than a barrel over Niagara Falls.
Seems more like extortion. Why would the price tag for one year be more than the 10 Million exit fee? I guess they can ask whatever they want.
I found this article when UCONN was leaving in 2019.
IT STATED: "
Initial negotiations started earlier this month with the AAC asking for $30 million and UConn aiming for $15 million, sources with direct knowledge of the league told The Enquirer. Again, considering compromise isn't a bad thing, simple math puts things somewhere north of $20 million."
I guess this is part of the process so hopefully it will end up half of the 35 Mil.
https://www.cincinnati.com/story/sp...-east-basketball-football-fbs-fcs/1840567001/
IT STATED: "
Initial negotiations started earlier this month with the AAC asking for $30 million and UConn aiming for $15 million, sources with direct knowledge of the league told The Enquirer. Again, considering compromise isn't a bad thing, simple math puts things somewhere north of $20 million."
I guess this is part of the process so hopefully it will end up half of the 35 Mil.
https://www.cincinnati.com/story/sp...-east-basketball-football-fbs-fcs/1840567001/
We signed it. We have to live with it. It's like getting legally married. A single sheet of paper to do it. A stack of 1,000 pages to get divorced. It's not like we're going to lose our eyesight or have a limb ripped off our bodies if we wait another year. We're in. we're playing the long game now. We shouldn't do anything stupid. Don't waste money unnecessarily. Don't pay people money because you are impatient. It's what children do. We can wait another year (or two).
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I'd never pay $35 million to leave one year earlier. The AAC wants our Big12 money. They deserve 7mill but I would go as high as 18 mill.
It's going to be more than what UConn paid, its not difficult for AAC to demonstrate the loss is greater than UConn leaving.
Can't say the conference is going to be trash when the three teams leave and in the same breath complain that they are mitigating their losses of a broken contract by enforcing a penalty.
Can't say the conference is going to be trash when the three teams leave and in the same breath complain that they are mitigating their losses of a broken contract by enforcing a penalty.
If they want....however the economics would be vastly different than ours....do we even get a full B12 share at first?
Big 12 has a GOR agreement with Texas and OU. That’s a whole different level compared to us leaving the AAC.
Ain't no way we're giving them that much with UCONN giving less notice and paying way less. Just a starting point, can't fault them for aiming high.
More like $20M total
More like $20M total
If the 3 teams leaving are more valuable why aren’t they paid more than their less valuable members? The contract pays each member equally, and the league will still be paid like they were before the 3 leave. The 3 could leave and then litigate damages (if any) after the exit. There are two components to a lawsuit: 1) liability, which should be easy to establish if the 3 leave without giving the required 27 month advance notice; and 2) Damages, which will be much more difficult to establish If the league is getting paid the same amount after the exit.
Forfeit all AAC games. Join and Play B12 schedule. Keep $35M
Or agree to pay in 2999 and write it off when AAC collapses
Or agree to pay in 2999 and write it off when AAC collapses
I feel like this is obviously thier first number they are throwing out in a negotiation. The AAC doesn't actually think we will say ok here is $35 million. All of the predictions I've read is that the number will be in the 20-25 range. UCONN was 17 total if I remember correctly. So that would make sense.
You’re mixing apples and oranges. If you’re going to say UCONN paid $17M then you have to say the AAC is asking us for $45M. Either include the exit fee of $10M with the penalty for leaving early or don’t
Lawyer up and leave. This s—t won’t stick as we duck as they through it at our house. Smoke and mirrors from a commish who barely got us a raise compared to others in the TV money race. He’s not going to get this blood money, half at best.
The schools haven’t been paid equally. When we win Conference we get more. When we made NCAA Tourney we got more money. When we don’t we get less than those that do.
The point is that everyone is paid on a past performance metric Annually. How could the AAC establish future damages on that metric. The leagues remaining members are getting the same money before and after the exit And have the same options to increase their payout by performing well. What are their damages? As to the new members (cusa call-ups), they are getting more money by joining and they were not signatories to the AAC contract. How can the AAC establish $35 million damages per team by giving them 21 months notice versus 27 months notice? Especially in light of the precedent set by UCONN’s payment ($7million) upon departure with less notice given. Of course these numbers are in addition to the contractual $10 million buyout obligation.
What's the worst that could happen by just leaving early? ...sue for damages?
What damages? ...loss of TV revenues, coming from ESPN for a year? What's 1 year worth?
If ESPN wants the transition earlier, wouldn't they prefer to not impose any damages, reduction of TV revenue?
What damages? ...loss of TV revenues, coming from ESPN for a year? What's 1 year worth?
If ESPN wants the transition earlier, wouldn't they prefer to not impose any damages, reduction of TV revenue?
Breach of Contract for starters. The same if a coach leaves early or a school fires a coach early. I don’t know wording of contract but multiple schools leaving at same time could have a different buyout than just 1 school choosing to leave.
The AAC can’t establish damages against UCF based upon what other schools do. UCF can only control what they do.
And we’re also not desperate, like UConn was because they are/were essentially broke.
If the AAC thinks it was a concerted effort and plan by the 3 best schools to leave at same time , look for that to be an angle.
The AAC can think anything they want, what are the quantifiable, provable, not speculative damages? That is the only thing that matters, we are still waiting for you to answer that question.
