Bison89
Postdoc
Posts: 2588
Loc: L.A.
Reg: 11-14-07
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07-19-12 06:22 PM - Post#130846
I just read that in 2013-2014, both Syracuse & Pitt are leaving the Big Least for the ACC. With a rumored buy out of $7.5 million each to leave, the ACC pastures must be VERY green.
HC Faithful, the Big East needs teams!
I wonder if if both teams will be banned from the Dance this year by the conference. I do not see it happening, but it would be interesting.
| 'Ray for the Orange, 'Ray for the Orange, 'Ray for the Orange and the Blue . . . 5,516 miles traveled 1 game attended. |
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Bison2002
Masters Student
Posts: 405
Loc: Annapolis, MD
Reg: 11-14-07
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07-19-12 09:00 PM - Post#130848
In response to Bison89
The buyout for any school to leave the Big East is $5M with a 27 months waiting period. However, both universities opted to pay an additional $2.5M to accelerate that by 12 months and join July 2013. What's the rush?
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SteelCity
Sophomore
Posts: 189
Reg: 02-04-06
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07-19-12 10:17 PM - Post#130852
In response to Bison2002
The buyout for any school to leave the Big East is $5M with a 27 months waiting period. However, both universities opted to pay an additional $2.5M to accelerate that by 12 months and join July 2013. What's the rush?
The ACC schools get $17M per year from television contracts. The Big East is at $3M right now (for football members). The Big East is in the process of renegotiating their contract, but there's no way it will come close to what the ACC gets. So $2.5M is a pretty smart investment to get out a year earlier.
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Bison2002
Masters Student
Posts: 405
Loc: Annapolis, MD
Reg: 11-14-07
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07-20-12 08:57 AM - Post#130855
In response to SteelCity
Ah ha, thanks for the clarification.
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Bison89
Postdoc
Posts: 2588
Loc: L.A.
Reg: 11-14-07
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09-12-12 11:12 AM - Post#132315
In response to Bison2002
Now, Notre Dame is joining them ... sort of. According to ESPN Radio, they are joining the ACC in everything except football with football being required to play 5 games per year against ACC schools.
If I heard correctly, the Big East voted to increase the exit fee for remaining schools to $50 million!!! Is that correct?
If correct, I do not see any more schools leaving in the near future.
| 'Ray for the Orange, 'Ray for the Orange, 'Ray for the Orange and the Blue . . . 5,516 miles traveled 1 game attended. |
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Shot Clock
Masters Student
Posts: 685
Loc: Arlington VA
Reg: 01-27-06
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09-12-12 11:28 AM - Post#132316
In response to Bison89
The ACC voted to increase the exit fee to $50M.
| B.A. Bucknell University, 1993 |
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Bison89
Postdoc
Posts: 2588
Loc: L.A.
Reg: 11-14-07
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09-12-12 12:07 PM - Post#132317
In response to Shot Clock
The ACC voted to increase the exit fee to $50M.
Shot Clock, thanks for the clarification.
| 'Ray for the Orange, 'Ray for the Orange, 'Ray for the Orange and the Blue . . . 5,516 miles traveled 1 game attended. |
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bison63
PhD Student
Posts: 1887
Reg: 01-23-06
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09-12-12 01:51 PM - Post#132319
In response to Bison89
Are you sure it wasn't the PL?
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Bison89
Postdoc
Posts: 2588
Loc: L.A.
Reg: 11-14-07
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09-12-12 08:26 PM - Post#132330
In response to bison63
63, that brings up a good point. Does the PL have an exit fee?
| 'Ray for the Orange, 'Ray for the Orange, 'Ray for the Orange and the Blue . . . 5,516 miles traveled 1 game attended. |
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lancelink
Sophomore
Posts: 163
Loc: NYC
Reg: 03-07-06
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09-13-12 08:47 AM - Post#132347
In response to Bison89
63, that brings up a good point. Does the PL have an exit fee?
The eternal contempt of the posters on this page?
"A joy it will be one day, perhaps, to remember even this"
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Bison89
Postdoc
Posts: 2588
Loc: L.A.
Reg: 11-14-07
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09-13-12 09:07 AM - Post#132350
In response to lancelink
63, that brings up a good point. Does the PL have an exit fee?
The eternal contempt of the posters on this page?
Lancelink, you must be confusing this with the HC Board. There is no contempt here. I was just wondering.
| 'Ray for the Orange, 'Ray for the Orange, 'Ray for the Orange and the Blue . . . 5,516 miles traveled 1 game attended. |
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lancelink
Sophomore
Posts: 163
Loc: NYC
Reg: 03-07-06
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Pitt & Syracuse Join ACC 2013-2014
09-13-12 09:19 AM - Post#132351
In response to Bison89
B. If all membership obligations and commitments are met through the resignation
date, the withdrawing member shall be required to pay $250,000 to the League not
later than June 30th of the resignation year as liquidated damages. The withdrawing member
shall forfeit any share of accrued assets of the League as well as any future League shares
of NCAA or other revenue distributions. Council may impose an additional fee for failure of
the withdrawing member to provide at least one year notification of their resignation
"A joy it will be one day, perhaps, to remember even this"
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Bison89
Postdoc
Posts: 2588
Loc: L.A.
Reg: 11-14-07
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09-13-12 12:32 PM - Post#132358
In response to lancelink
Thanks. I was just wondering.
| 'Ray for the Orange, 'Ray for the Orange, 'Ray for the Orange and the Blue . . . 5,516 miles traveled 1 game attended. |
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BisonRoadWarrior
Postdoc
Posts: 2746
Loc: Where the Bison Roam
Reg: 08-16-06
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09-13-12 08:31 PM - Post#132370
In response to Bison89
Yo 89, Link was humorously saying the price that departing members pay would be our eternal contempt for their decision to depart.
Do you guys think the league will schedule it so teams go to Boston and HC on the same trip, or is that too much time away from campus in one swoop?
| 2012-13 Attendance: Nine games (5-4) and 16,206 miles traveled |
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KenZ
PhD Student
Posts: 1930
Reg: 01-23-06
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09-14-12 09:08 AM - Post#132385
In response to BisonRoadWarrior
Do you guys think the league will schedule it so teams go to Boston and HC on the same trip, or is that too much time away from campus in one swoop?
too much time away unless they change from the Wednesday/Saturday based scheduling. maybe we should go to Thursday or Friday / Sunday. might get some better refs that way as well.
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