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Unlv & Air Force in contact w/AAC

It's highly contradictory.

1) It is strategic, in a way. The payment was due 30 days after a school left. They had to bring it now. That's not the strategy. The strategy is to get the MWC to take less than what they are owed under the contract

2) If money damages are being sought, then I would agree you would rather be on the party suing than the party being sued. This is not that type of lawsuit. It is a lawsuit asking a judge to say poaching fees are unenforceable. In this instance, it is probably better to be the MWC.

3) "It also has to be emphasized that the Pac-12 signed the scheduling agreement with the MWC in good faith." Is a throw away line and means nothing. It actually is evidence that the poaching fee should be enforced. I.e., the Pac12 knowingly and willingly entered this contract.

4) "Its suit is much like that of FSU and Clemson v ACC trying to get out of grant of rights claiming exit fees are "exorbitant." is not really that true. Pac12's lawsuit is not saying the fees are too high, but a) that they were in financial distress and forced into a contract; aka the mean MWC took advantage of us, and b) the MWC is already being compensated by the $17M exit fees the schools are paying for leaving.

TBH, the MWC has the law on it's side.

You could have saved yourself time and just said 'mostly horse poop'. You think I understood any of that explanation..🤣

Unlv & Air Force in contact w/AAC

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Well you're not done yet.
Is this a good take or horse poop?

It's highly contradictory.

1) It is strategic, in a way. The payment was due 30 days after a school left. They had to bring it now. That's not the strategy. The strategy is to get the MWC to take less than what they are owed under the contract

2) If money damages are being sought, then I would agree you would rather be on the party suing than the party being sued. This is not that type of lawsuit. It is a lawsuit asking a judge to say poaching fees are unenforceable. In this instance, it is probably better to be the MWC.

3) "It also has to be emphasized that the Pac-12 signed the scheduling agreement with the MWC in good faith." Is a throw away line and means nothing. It actually is evidence that the poaching fee should be enforced. I.e., the Pac12 knowingly and willingly entered this contract.

4) "Its suit is much like that of FSU and Clemson v ACC trying to get out of grant of rights claiming exit fees are "exorbitant." is not really that true. Pac12's lawsuit is not saying the fees are too high, but a) that they were in financial distress and forced into a contract; aka the mean MWC took advantage of us, and b) the MWC is already being compensated by the $17M exit fees the schools are paying for leaving.

TBH, the MWC has the law on it's side.

Unlv & Air Force in contact w/AAC

It is a huge risk, but we use that money to pay coaches and for NIL for bball and fball. Keep the winning going and get into a conference with just us and Georgia.
This was pretty much what I have been getting at also. The MWC is currently in a media deal, and UNLV will continue to make around $5-6 million per year for the next 2 years, as they typically do. Then, in 2 years, when those other schools leave, UNLV would get their cut from the $85 from the schools that are leaving.

On top of that is this poaching penalty stuff that the PAC is suing the MWC over. The fee is $10 million per school, plus $500,000 extra for each one after the first.

So 10, then 10.5, then 11, etc. If that's correct, with the 5 schools leaving would now be a fee of $55 million. That 55 million is supposed to be paid within 30 days of making an announcement. So per contract, the MWC should have that money in the next month.

I don't know how the MWC spends that money, or what the stipulations are for dispersing it though. Does it go directly into the hands of the remaining schools? I doubt it. But either way, the MWC 'should' be in line to receive $140,000,000 within the next 2 years. That's a lot of money.

In my ideal world, we would stay in the conference for at least 2 years, while it's still the same schools. In that time, be working towards getting into either the PAC, the AAC, or the Big12. In the meantime, the MWC will be trying to get a new media deal negotiated, which I would assume would much smaller than the current one. If that's the case, the cost to leave the conference should go down significantly also.

But a lot of my thoughts on this are just speculation because we don't know the terms of any of this stuff.
1. What offer is the PAC making to UNLV?
2. How much is the MWC offering UNLV to stay?
3. If we stay, what are the terms for distributing the $140 million over the next 2 years?

UNLV Exploring Options After USU Joins PAC

We will end up just pooping before we get to the pot.
Is this another credible report from you Meister? :)

Ok, last post for a while, I have things to do.

Here's the needed scenario:
  • UNLV accepts the Pac offer
  • Pac-2 President's immediately fire Teresa, acknowledge that mistakes were made, and they were all Teresa's fault
  • President's then go to the MW, say their mea culpa's, and say look let's go back to the full reverse merger. We will give you all a modest $ sweetener just for fun. Gloria, you are our new Commissioner, the PacWest-14 offices will move to Colorado Springs
  • With Hawaii back in tow, we get going on our corporate sponsorship deal. Out springs the shiny new Alaska/Hawaiian Air PacWest-14. Logo planes for all members
Simple dimple. You are all welcome. Sincerely, the Allmighty, All-knowing, and All-Seeing Loyal One. As I am referred to by - well let's see - ME! :)

UNLV Exploring Options After USU Joins PAC

Even with the lawsuit, the agreement states that if it takes longer than 30 days to pay, they'll begin to accrue interest on that amount, so it could actually increase.
In the likelihood this lawsuit goes on past the original due date and the PAC loses, the interest is included in a MW win? Timing still seems suspicious. But, I definitely understand more of the details. Appreciate both of you for explaining.
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UNLV Exploring Options After USU Joins PAC

Timing is not weird. The payment of the poaching fee was to be paid within 30 days of the "poached" being "poached." They had to file it within the next 25 days or so. It was already drafted and ready to go once the first 4 schools announced.
Even with the lawsuit, the agreement states that if it takes longer than 30 days to pay, they'll begin to accrue interest on that amount, so it could actually increase.

UNLV Exploring Options After USU Joins PAC

Timing is not weird. The payment of the poaching fee was to be paid within 30 days of the "poached" being "poached." They had to file it within the next 25 days or so. It was already drafted and ready to go once the first 4 schools announced.
That makes cents and sense. They could have waited another 25 days officially, but I still believe this was a message to UNLV to poop or get off the pot.
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Unlv & Air Force in contact w/AAC

I don't disagree..

But wait for what?

The problem in this whole scenario is there are a lot of promises being made on one side (PAC media deal etc)

And a lot of assumption on the other (We have all this money now so surely surely the BIG12 will take us this time. No way we'll still be playing football against SW Texas School of Kinesiology. There's no way that our basketball team will be playing on courts that also have volleyball lines on them forever.
The waiting is dangerous. There is absolutely no way that we wait 2 years before a new MW contract is made. If we end up staying and resign that contract, it better be before the NEW media contract. It may be weeks. I can see the MW grabbing UTEP and NMSU and stopping there at 10. Getting a new contract and calling it a day. Then talking with AAC for some sort of cross conference championship game or something.
But even then, we will be looking at higher exit fees and hope the Big 12 comes calling in 2 years But at least no poaching fee. Saying no now may not fully burn the PAC 12 bridge, but it would definitely be smoking.
Then we hope that the AAC may still want us to travel across country for less money than what we would have gotten with the PAC?

The longer we wait this season, the higher potential our media value gets. So in a way, the PAC should want us to wait as well. Because they can come in with our metrics this season and drive up our value, and by proxy the full PAC 12 media value.
It seems that the hold up with UNLV is our market share. But if we can show them near top of the league TV numbers then they may have to change their assessment.
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UNLV Exploring Options After USU Joins PAC

PAC knows how much money the MWC is offering UNLV. Are they taking that option and making us question its reality to force our hand? Timing appears so. Very weird timing for this lawsuit.
Timing is not weird. The payment of the poaching fee was to be paid within 30 days of the "poached" being "poached." They had to file it within the next 25 days or so. It was already drafted and ready to go once the first 4 schools announced.
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Unlv & Air Force in contact w/AAC

In the end, I feel UNLV ends up in the Pac12....but I'd rather sit on a mountain of cash and wait for 2 years

I don't disagree..

But wait for what?

The problem in this whole scenario is there are a lot of promises being made on one side (PAC media deal etc)

And a lot of assumption on the other (We have all this money now so surely surely the BIG12 will take us this time. No way we'll still be playing football against SW Texas School of Kinesiology. There's no way that our basketball team will be playing on courts that also have volleyball lines on them forever.

UNLV Exploring Options After USU Joins PAC

Is your thought process that because the MWC will have to defend the lawsuits they won't have money to pay their members? or am I misunderstanding your point?

The $17M exit fees are enforceable and not an issue. That sits at $85M from the 5 leaving schools. That's an influx of cash not involving it's normal revenue streams. They have in-house attorneys that are salary....so the cost of fighting a lawsuit is mostly a fixed cost.

Thanks for clarification on that.
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UNLV Exploring Options After USU Joins PAC

With the Pac 7 suing the MWC this morning to not pay poaching fees there may be no money to pay rebels to stay
Is your thought process that because the MWC will have to defend the lawsuits they won't have money to pay their members? or am I misunderstanding your point?

The $17M/school exit fees are enforceable and not an issue. That sits at $85M from the 5 leaving schools. That's an influx of cash not involving it's normal revenue streams. They have in-house attorneys that are salary....so the cost of fighting a lawsuit is mostly a fixed cost.

Unlv & Air Force in contact w/AAC

Don't forget that the judge is a WSU grad. Although he is retiring at the end of this year. To be replaced by a Pullman attorney TBD.

Oh and Meister, my board is now quoting you as a crredible source that your tritors will still have a vote towards dissolution. Congratulations.

Whether you others can post there or not it is worth a laugh to read some of the posts over on my board. Basically I am the village idiot over there.
It wasn't quoting me. It was quoting the article that I linked. The place is funny.
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