sports.yahoo.com
IF we lose that case we are IDIOTS for not joining the PAC 7 or whatever it is.
Colorado State, Utah State suing Mountain West Conference over exit fees
Mired in a realignment struggle for members, the Pac-12 and Mountain West are at the center of the latest conference realignment shakeup.
If we lose the case the MW won't have the money to pay us. We would be free to become the 8th Pac-12 team.
Hoping to extend the payments for years in the future
This is the answer.
I don't think that we can be considered as an idiot, if there are rules in place which everyone agreed to when the conference was formed. The only entity that will get rich are the attorneys.
The MW has the leverage and can afford to go through the courts, remember the fees can and will be collected via withholding distributions from bowls, postseason winnings etc.
Where does this article come up with "$19-38M/team" and "$150-250M" total? I thought it was $17Mx5=$85M and $56M poaching? Total of $141M?
Its 3 to 6 times the revenue distribution. I believe the exact distribution for football will come post bowl games, or at the end of Boise's run.
$55 million for poaching. The 19-38 is only accurate if there is less than one year or more than one year notice. I think they just lumped things together because they are idiots. The $17 was also not 100% accurate. There is no $17 million base line in the contract as what it really says is that it's 3 times the most current/recent
Yes, all of those units are forfeit to the exiting members.
I think they only get what is left over after we keep their exit fees.
Hmm, that is mildly surprising. I believe that the Pac-12 traitors shared in FY 2024 distributions of BB units, etc, not counting the mild penalty they agreed to pay for leaving ($5M each). The units they left behind of course reverted to the Pac-2.
That’s why CSU and Utah State are the only ones in the lawsuit. I believe they haven’t formally joined the PAC, even though verbally they accepted the invite. The other schools won’t join the lawsuit for reasons you just posted, they just signed a similar agreement.
If they prevail in the lawsuit it pretty much muddies up the Pac12 contract for their future exit fees since they used the same wording in their new Pac12 contract as the MW contract.
Rule #1 in a lawsuit. The party holding the money always has the leverage. We are asking them to pay us. They hold the money. They have the leverage. MWC has promised UNLV and AFA a bunch of money. Money they won't have until those exit/poaching fees are paid. That money is tied up in a lawsuit and would be for a LONG LONG time. The MWC will need that money, and that's why the Traitors have leverage.
It's never a great time to be a lawyer, however, it's a great time to be paid like a lawyer.
so what if the MWC then files an injunction against the Pac 12 teams leaving not officially allowing them to leave until their exit fees and disputes are settled? The Pac 12 is on a ticking clock to field enough full members to officially forma conference. Now there's leverage for the MWC to get money from the teams leaving?
thats what makes this whole thing really insane. They raked in a bunch of cash in basically the same situation and now expect that judges will again agree with them. Id rather play hardball if Im the MWC and stretch this thing out. Their schools cant bleed cash either and its becoming clearer they arent getting anywhere with the TV deals or the attraction of other schools.
Well the Departing schools owed 10 mil a piece as a part of their exit fees. It was negotiated to 5 a piece, with a 1.5 bonus for totally screwing the remaining pac 2.
It is EXACTLY the playbook Washington State and Oregon State used for exit fees. There is literal precedence, albeit not binding, on the federal court in Colorado.
Well it is not exactly apples to apples. Their conference was absolutely decimated with 10 of 12 leaving. Sure the MW is hurting, but it isn't nearly as bad.
The crux of their argument is that there has not been an official public announcement of a conference change and the conference is not allowing them any voting rights. Everything hinges on that. The argument is the same. The Court in the Pac12 suit said that since 10 schools left, WSU and ORSt were sole members and the 10 defecting schools had no voting rights or ownership of the assets.
So we hear alot about them having the money to fight the battles, which is true, they have a significant war chest left behind.. But the MWC has money coming in, and the war chest that the Pac 12 seems to be earmarked for WSU and OSU to pay their debts so to say... Are they willing to blow 1/3rd of that war chest for all their new friends?
They did.
I'm sure they are throwing a bunch of arguments out there that they don't think will stick.
