Octagon/ Navigate are consultants. One is expansion strategy, and the other is for the media valuation negotiation aspect. Both are highly respected in industry.
Estimate for MWC media deal
- Thread starter bcvegaspt2
- Start date
Thank you for sharing.
So reading this, I would imagine that no school has provided the written notice and exit deposit yet. It makes no sense to do that, you just lose money.
I would imagine they will do it this summer to be compliant and not open the door for doubled fees.
So in the summer next year we "might" have up to 55 mil in poaching fees + 25k from deposits. I have no idea what the payment schedule is for media rights. Are they larger payments done annually, quarterly, monthly? No idea but that plays a role.
If payment are annual then a large chunk of money may be collected, and the 61 mil threshold could be met, and MW may pay that lump sum.
However, that probably isn't the best practice. Since those exit fees will be contested and negotiated down somewhat. Now i think it is pretty safe that it will be at least 1 year media value per school, but again that is not guaranteed.
Also if the exit fees being contested in a lawsuit, I can see an injunction being made in the traitor's behalf. Just because again, they are still a part of this conference and the document that allows the the MW to withhold money is being contested. So if anything is going to be "frozen" I would guess it would be the the idea of withholding the payouts. I would guess the 5k gets collected regardless.
If it stays in the courts March is irrelevant… to get to any sort of adjudication would take months, and then there are the appeals.
They could be hoping for a settlement sooner, but they’re not getting the poaching fees nullified in any short time frame.
And we (the Pac) are doing so well in both areas. They probably come out of Pac meetings feeling like Oliver Douglas from Green Acres after meeting with the Ziffels, Mr. Haney, and Mr. Kimball. Arnold being the most intelligent of the lot.
Well, having met some of those navigate guys myself, I can tell you they are sharp.
But the question is, what directions were they given? Are they saying whats best for the Pac, or whats in line with the scope of the request from pac leadership?
We tried to get Texas State but it seemed their fans and administration only wanted to go to the Pac. That is fine. I think we came out better with UTEP and NIU. I wouldn't mind in the future to pick up another Texas school though.
I need an actual lawyer to chime in here… where’s @reagan21 when you need him?
Page 3 outlines distributions… annually, no later than June 30th. Last year’s payment would have been made prior to the traitors making any announcements, so per the bylaws the next two would be withheld and used to cover exit fees.
Part of the argument being made by at least two of the traitors is that they never notified the MW and therefore aren’t “officially” out of the MW and should have voting rights, etc.
Silly game the courts would likely discourage due to how you’ve acted in public, including publicly announcing that you are in fact joining the PAC. At best this would be viewed as dumb semantics and at worst would likely bias the court against you for violating the spirit of the agreement you signed and trying to “game the system”.
You don’t get to have your cake and eat it too.
As far as any injunction would be concerned, I don’t think the courts could necessarily force the MW to violate their own bylaws and pay the traitors their regularly scheduled payments. They could potentially freeze those payments and prevent the MW from redistributing them while litigation continued, but I can’t see them forcing them to pay while the payments are in dispute.
Again, lots in play that needs to play out, but these fees owed aren’t getting thrown out by a judge any time soon. Depending on how much stomach either side has to continue to pay lawyers it could go on for quite awhile.
Texas State is about as much as they could hope for. But then going on about UTSA and UNT as options to get to 9 or 10 members goes against everything the PAC was trying to accomplish by breaking up the MW.
Maybe.
If it’s to come in as partial members with reduced share and voting rights you’d think the MW would just offer them as full members. 🤷🏽♂️
If they get an offer anywhere below around 80-90%, they likely would be just as well off if the MWC offered them a full membership! That number started at 70%, but it keeps dropping the longer it take the PAC to get a deal. Also, the PAC needs to worry about losing to the MWC, in which case they could very well get hit with all the legal fees, while it is highly unlikely that the MWC would get hit with legal fees since they are the defendant, and the defendant rarely gets stuck with the legal fees of those that filed suit!
