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What ? UC agreed to dissolve Big East without any understanding among remaining BE members how the revenue and exit fees are divided?
Per Andrea Adelson -six-member panel that will decide how to split the fees with representatives from Cincinnati, UConn, USF, Memphis and SMU. (and Stansbury of UCF )
UC, UConn and USF gave up all their leverage with new members. Now 3 new members representing all new members have equal voting rights as the old remaining members. You can forget UC getting any $30MM. Expect UC to get $10MM or less after legal fees. Very sad affair.
Here's link http://espn.go.com/blog/bigeast/post/_/id/42891/how-should-big-east-split-revenue
This post has been edited 2 times, most recently by uc3030 13 months ago
Please tell me that we know we are leaving.
That is stunning if true.
And the hits keep coming.
I try not to get too worked up over this and keep thinking about the ACC in the back of my mind, but honestly, we've been beaten/crapped on/disrespected for too long now. Time for our leadership to step up and speak up. This is getting ridiculous.
This post was edited by wanes 13 months ago
This. Sometimes the tin foil hat guy in me sits on my shoulder and whispers that the genesis of this realignment all started after we went 12-0 in 2009, had Herbie/Brent at Nippert for a prime-time game and was a bad kick-off away from possibly playing in the NCG when somebody somewhere decided they were going to make sure that was never going to happen again. Since that time there have been a gazillion crotch shots to the fans/alums of this university and I just once, would like to see something develop that is a positive in this regard.
I guess if UC is lucky and gets a Big12 or ACC invite, then UC will owe old BE a $10MM exit fee. Then, UC probably forfeits its share of old members' exit fees and revenue.
The brite spot would be our misery is over........... but sure would be bizarre if uc, uconn, and usf leave and only new-members get any of the pool.
Oh Andrea. Words like "fair" and "equitable" are never really considered when it comes to dividing up money. At least not by those who are on the lower level of the "receiving" side of the equation.
Go Bearcats. Beat Purdue.
But...but...but... we have Santa..... and Whit....so we're going to be just fine..... Right? Right? I mean, that's what we've been supposed to believe, right?
Look, I get down about the situation all the time. But I figure there are two options, one is to wallow in self pity, the other is to remain hopeful for the future. I choose the latter, not because it is that much more plausible, but because it is less painful and I'm not a jerk to be around. This board is a place for all of us to vent at times, and if for no other reason, it's worth the money just for that!
This is Andrea Adelson's opinon... The key phrase in this was "This is what I would do if I were in charge..."
Thank God Adelson is NOT in charge. She is an absolute joke as a blogger and a complete UCF homer.
Don't read too much into her blog.
So UC agrees to give up a brand name for 10 million. If true there had better be an assurance we are next time in when conf. realignment resumes.
Tulane and ECU don't deserve any of it. Temole, Houston, Memphis, SMU, and UCF should get something.
AA basically splitting $40MM among UC, Uconn, USF is about $13MM. However, I'd think the 3 should split the rest with those 5 schools, perhaps at a 60/40 split. So UC and Uconn and USF would split another 36 million, ending up with about $25-26MM. The other 5 would split 24 and each get roughly $5 million. I would even be okay with a $22.5mm for UC, and give another $2 million to the 5. Tulane and ECU can go wherever they want if they don't like it, Why should they get a dime.
Nothing has happened yet. This is all speculation and opinion.
I had my guess over on the re-alignment thread...
I would GUESS that you will see the three (UC, UConn, and USF) hold-over schools divvy up a cumulative pot of about $60-$75MM. The remainder of the $40-$25MM will go to (1) waiving or lowering entrance fees (after all, as AA notes, it's not the "same conference they joined"), (2) some additional disbursement to Temple, UCF, Houston, and SMU, and (3) and additional chunk to "rebranding."
But again... That's merely a guess and far, far distant from AA's idea that "Everybody gets to share equally." I honestly would expect that, if what AA says come to pass, that (a) UC would seriously looking for ANY other option than playing in the "whatever" conference, and (b) there would be a bevvy of lawsuits and injunctions. Quite literally, IMO, independence with putting our Olympic sports into the A10 would be far, far, far preferable to allowing something like what AA puts forth. It is a non-starter and a non-negotiable.
Dude, AA is fine. She's been relatively fair, and was one of the only people at ESPN touting the Big East being equal to the ACC last season. If you read what she said, the $40 million is just the exit fees, which she says should be split by the three legacy schools. Which makes sense. The other $60-70 million, she says that the legacy schools should get more of it than the "newer" schools, which would likely put us close to the $20-25 million range that has been speculated.
Sorry if my post wasn’t clear but Andrea Adelson's news is in her last paragraph. In summary, UC, UConn and USF (3 votes) have equal voting power as new members (3 representative votes from Mem, SMU and UCF) regarding dividing up the old BE money. UC controls nothing.
The rest of AA's comments are her personal conjecture and opinion of fairness regarding a formula for dividing money but not news. Read her article.
IMO the profound point is that seniority may mean nothing, if the new members have equal voting claim to the revenue and exit fee pool of money.
It can get even messier. What if UC gets an invite to ACC/Big12 before this money issue is resolved? The new members with ½ of the vote will have a very different opinion of fairness. Ultimately, after ‘equitable’ shares and the huge waste of attorney fees, UC may net owing money into the pool. Go figure.
By the time all is "said & done", the lawyers will end up with ALL the money!
It isn't their fault that no one wants UC and that the prior AD ran it like a MAC school.
winner, winner chicken dinner!
$50 to join - We need YOU!
The one thing I'd fault the previous administration is the decision to have a plan to grow the program into a major collegiate sports program and the decision to stick with the Big East and failing to see it coming apart at the seams sooner. OK, maybe that's two things.
This post has been edited 2 times, most recently by kmfloyd 13 months ago
yeah, the previous admin definitely shouldn't have declined all those overtures from other conferences.
Missed my point completely. The previous admin shouldn't have had "Big East for Life" tattooed on the chest. I'd be willing to bet we didn't do much to make us an attractive candidate early enough for it to have mattered. Taking that a step farther, the renovations to Nippert should have happened much earlier. That's what I meant.
So you think if the rennovations had happened to nippert earlier we'd have got in the acc over louisville or the Big 12 over WVU? I don't think so.
Also, with proudly cincinnati going on you'd have further stressed the big donors and likely disenfranchised some along the way.
Look, it's obvious UC was caught with its pants down when the players start changing. I have no idea if there is anything UC could have done to be better prepared, but you can't sit there and tell me they did everything possible to become more attractive to another conference. Whether another conference would have been interested is another issue entirely. What is clear is they didn't close the gap soon enough to be more than option 6 or 7 when it came to realignment. In my opinion, UC put too many eggs in the Big East basket at a time when few schools in the conference seemed to do so. That is on the administration.
I blame Zimpher and Thomas for their lack of vision for the athletic department. President Williams continued this line of thinking when he did all he could to save the Big East. Thankfully, UC now has the right leadership in place (Whit and Ono) to help steer UC athletics to its rightful place in all of this.
I agree we're better off with Whit and Ono. But I don't understand why we're not aggressively fighting for every dollar from the BE pool, when the athletic dept. has no money and little prospect for more money anytime soon.
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