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daveinop

Joined: 04/10/2003 Posts: 8165
Likes: 518


It's in the link I posted below replying to stech


Given the timing of their announcement and if I read the bylaws right, I think it ultimately turns out to be forfeiting the last 2 years of distributions under the GOR; and they are prohibited from making money anywhere else in the timeframe. So if they want to end it early and stroll over to the SECN, they'd need to pay for that, too.

So hypothetically, If they each make $35 million/year from Big 12, it would be a total of $140 million in forgone distributions. And if they make $70 million/yr ea from the SEC during those 2 years, they'd also owe a total of $280 million on top of that. So $420 million to the Big 12 for the last 2 years...over $50 million each to the remaining members


(In response to this post by ChrisLords)

Posted: 08/02/2021 at 11:15AM



+1

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Current Thread:
  Links to TSL articles - additional VT conference history... -- Jefferson Hokie 08/01/2021 5:58PM
  Yep. VT got screwed plenty pre ACC. ** -- HboroughHokie 08/01/2021 12:15PM
  Yep, it was extortion. -- RJHokie 08/01/2021 12:14PM
  It’s a game of chicken now -- HokieAl 08/01/2021 12:55PM

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