Latest update on settlement

[Oldest Man]

It looks like the settlement is finally heading toward closure....$17 to $20 million range.

Sources: Cincinnati, Houston & UCF Negotiating Settlement to Join Big 12 in 2023

Cincinnati, Houston and UCF are negotiating a settlement with the AAC, allowing the schools to exit the league and join the Big 12 in 2023.

www.actionnetwork.com

 

[beelit47]

It looks like the settlement is finally heading toward closure....$17 to $20 million range.

Sources: Cincinnati, Houston & UCF Negotiating Settlement to Join Big 12 in 2023

Cincinnati, Houston and UCF are negotiating a settlement with the AAC, allowing the schools to exit the league and join the Big 12 in 2023.

www.actionnetwork.com

I havent crunched the #’s but it would appear if we are set to make 25 million per year (from 7) that basically our first season we break even when subtracting the buyout.

i’d imagine we can probably finance the buyout over 5-10 years so we can retain cash flow

 

[BlakNGoldAllDay]

I havent crunched the #’s but it would appear if we are set to make 25 million per year (from 7) that basically our first season we break even when subtracting the buyout.

i’d imagine we can probably finance the buyout over 5-10 years so we can retain cash flow

I don’t think we get the 25 mil for at least 4 years. Then we don’t know what new contract will be once this one ends.

 

[KnightVision82]

I like the take in the article that the first year is a wash
$6 million to $26 million TV money = $20 million to use for settlement

 

[Gwoz]

New members won't get full payouts from the start, the question is when it will start. Rutgers was stated to wait over 10 years for their full share of B10 money, for the first 5 years they were getting $11 million. About 1/3 of what the others got.

The longer Texas and Oklahoma stay, the smaller the share will be. Even after Texas and Okalahoma declared they were going, the conference was basically willing to throw even more money at Texas and Oklahoma (at the expense of the existing members) to stick around. Wouldn't surprise me that they take money from the new teams to hand to Texas/Oklahoma to keep them around as long as possible.

B12 has no issue with not treating programs on equal standing. Oklahoma/Texas, existing members, new members.

 

[PhDee]

I havent crunched the #’s but it would appear if we are set to make 25 million per year (from 7) that basically our first season we break even when subtracting the buyout.

i’d imagine we can probably finance the buyout over 5-10 years so we can retain cash flow

Sounds like a structured settlement and we need the cash now... Someone get J.G. Wentworth on the line. 877-Cash-Now

 

[Endeavor.]

 

[Stormthecourt?]

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So they’re not close?

 

[Gwoz]

Interesting that the report just mentions UCF. No way one team gets a lower rate than the other two.

 

[Endeavor.]

Interesting that the report just mentions UCF. No way one team gets a lower rate than the other two.

Unless they just want to kill all rumors until it’s finalized, for legal reasons both sides don’t want to speak on anything publicly

 

[The Nation of UCF]

Sounds like a structured settlement and we need the cash now... Someone get J.G. Wentworth on the line. 877-Cash-Now

they may be able to get a better deal with Peach Tree Lending & Settlement ....anyway they need to shop it around ...

 

[PositYourself]

Sounds like 2023 is far from a done deal, as I stated previously.

 

[Knight_Classes_begin_7pm]

I don’t think we get the 25 mil for at least 4 years. Then we don’t know what new contract will be once this one ends.

Good points BNGAD!

 

[KnightVision82]

Just offer the GOL statue as collateral for any loan required.

 

[mattropolis]

Just offer the GOL statue as collateral for any loan required.

You get a million dollars if you can guess who the statue actually looks like. I think they just got some random old guy from The Villages to pose...probably only took a couple of rum-and-cokes to get that job done.

 

[Flstan]

This is all starting to sound like an awkward break-up where we agree to be friends but someone doesn’t want to let go? Of course, that never works out. We, UCF, have clearly moved on and just want to focus on getting to know those hot new, sexy prospects out there. Maybe it is a really a bad divorce? I don’t know? Fortunately, I just don’t have the first hand experience to draw from when it comes to making that analogy…

 

[PhDee]

This is all starting to sound like an awkward break-up where we agree to be friends but someone doesn’t want to let go? Of course, that never works out. We, UCF, have clearly moved on and just want to focus on getting to know those hot new, sexy prospects out there. Maybe it is a really a bad divorce? I don’t know? Fortunately, I just don’t have the first hand experience to draw from when it comes to making that analogy…

Naw, it's just negotiating. AAC asked for more then they'll get and now we're going to pay more than we wanted to

 

[SkiDog291]

Naw, it's just negotiating. AAC asked for more then they'll get and now we're going to pay more than we wanted to

Marc Daniels has a podcast that aligns well to my beliefs, and what will happen.

 

[SkiDog291]

Sounds like a structured settlement and we need the cash now... Someone get J.G. Wentworth on the line. 877-Cash-Now

"I WANT MY MONEY....AND I WANT IT NOW!"

 

[PhDee]

Imagine we play against Oklahoma and DG

 

[BlakNGoldAllDay]

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Imagine we play against Oklahoma and DG

That’s a wait and see. The fans got the 5 star guy replaced by booing after 1 loss. If he has a bad game he may crumble from the pressure.

 

[KnightVision82]

At least we can add in the nearly 2 million per year for the naming rights of the stadium at this point. If we can make one of the NY6 bowls that would help in the transition as well. Lastly, our student base with the amount paid by every student to the athletic budget gives us a big push towards getting this done now for the long run.