There isn't any money to pay UNLV to stay because that money is about to get tied up in courts.
So Gloria can promise UNLV and AFA all kinds of things but she can't deliver until PAC money comes in.
UNLV Exploring Options After USU Joins PAC
- Thread starter rebswin2
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There isn't any money to pay UNLV to stay because that money is about to get tied up in courts.
So Gloria can promise UNLV and AFA all kinds of things but she can't deliver until PAC money comes in.
Gloria wasn't just promising she was guaranteeing. Bless her heart. Show me the money.
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.
The $85M from the 5 schools is not going to be tied up in the courts. Just the poaching fees will be "tied up" in the courts. The Pac12 knows they will lose and are hoping the MWC takes a decreased amount in lieu of a lawsuit.
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.
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.
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.
Exactly, the lawsuit tolls the interest and penalties......maybe.
We will end up just pooping before we get to the pot.
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.
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
But in nearly every other exit fee situation, those fees have been negotiated down.
The PAC was due 100 mil, they got 50 plus a 15 mil bonus because they got totally screwed, when some of the CUSA went to the AAC it was negotated down to about 60%.
I don't think we can expect the full 85 million
Is she putting UNLV's money in an escrow account? That's about the only way to "guarantee" funds.
The reason why we should expect it all is the Pac2+ was going to pay it for the schools. If that "rumor" is not true then I agree with your point. If that "rumor" is not true but the schools were told by the Pac2+ it was true....this will be must see TV
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I like this except I don’t see enough pain distributed to the snooty two and traitor four.Is this another credible report from you Meister?
Ok, last post for a while, I have things to do.
Here's the needed scenario:
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 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
I believe that the rumor was that the PAC was going to pay or help pay for exit fees as well, but I always read that as the ultimate or negotiated down exit fees.
Like I said our exit fees seem a bit extraneous, especially considering the poaching fee on top of that.
Unbeknownst to these plebians you are not only versed in 19th century Agrarian Law and 18th century Maritime Law you are an expert in 2020 Realingment Chicanery Law.
Agree. It's going to be pretty hard to sue your way out of an agreement like that which was put in place specifically to prevent this exact scenario. I'm no legal expert but that would seem like pretty basic partnering agreement. You don't F with us, you don't owe us anything.. You F with my buisness and you owe me a lot...
My good lord this is a comedy of errors. It's a sexual farce without the sex.
Leverage for Big 12... parts could move fast if that's the case
Big12 has to be laughing at that suggestion of adding UCONN for football only.
I’d rather add Sam Houston State (which would fit the pac-state mold, oddly enough).
I’d rather add Sam Houston State (which would fit the pac-state mold, oddly enough).
I know what you mean they are separate things. I am with you that I really doubt that the poaching agreement lawsuit goes anywhere.
However if the exit fees are meant to offset losses. I can see the poaching fee being used against the MW when it comes to exit fee negotiations.
Except the poaching fee wasn't to offset losses.. it was to discourage them from rebuilding their conference with MWC teams once they agreed to schedule them. A penalty for tampering with them essentially.
I understand that. But it still can be used against them.
To an impartial bystander/judge
MW:"We need the 18 mill to offset future losses of their departure"
PAC. You are already getting 11 million and you are asking for 18 more for a contract less than 2 years from expiring. UNLV is only owed < 10 mil for that time. The other PAC 12 teams payed 5 mil a piece on a contract that had one year left. A contact worth over 20 mil per team per team per year..
MW: ugggh... they agreed to it
PAC: Oregon agreed to over 10 mil, your point? They didnt pay that. And they EASILY could. UNLV ain't no Oregon.
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everything your hypothetically PAC just said in that post is not based on law.
The “ughhhhh you agreed to it.” Is exactly how contract law works.
It can’t be used against them. It’s why the $17M exit fees are not part of the lawsuit.
I am not talking about the lawsuit. I am talking about exit fee negotiations. Again, I don't think they will get the poaching fee reduced. How many times do I i have to say that.
But every other exit fee has been talked down in recent years. Not sure the mechanics of that, but I'm guessing lawyers are involved, no?
They are 2 separate things. Yes. I also understand that. But i can see how the fees can be used against them once the exit fees are going to be negotiated and ultimately reduced. And they will be reduced unless the MW teams cannot do what every other conference done.
The PAC as a conference are suing the MW, but the teams themselves talk down the fees.
So the MWC should negotiate with Boise and with Fresno/CSU, get 60% that's still almost 12 million dollars per school.. SDSU on the other hand they don't, SDSU 2 years ago tried to leave and negotiated a settlement to return and avoid paying exit and entry fees.. they're F****d. I'm sure there was something in that settlement...
So you're still getting 55 million + 44-46 million, + 18.... that's a pretty good payday
So you're still getting 55 million + 44-46 million, + 18.... that's a pretty good payday
Sorry buddy, you say 2 different things in successive posts. You sure you didn't come from my Board and assume a different handle?
And semi related, there were basically no exit fees for the Pac traitors because the media contract had expired. I still am not quite sure how we wrangled the $65M from them.
