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West Virginia
Mountaineer Message Board
BIG 12 splitting into two 7 team divisions by '23
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<blockquote data-quote="Buckaineer" data-source="post: 131952089" data-attributes="member: 1428007"><p>Money is the issue preventing the defectors from leaving the BIG 12 prior to the completion of the grants of rights agreements they signed and the end of the current BIG 12 contracts which would also end buyout fees for departing the conference.</p><p></p><p>They will both owe many tens of millions of dollars if they were to depart early. The BIG 12 would continue to own their rights through 2025 also.</p><p></p><p>They haven't apparently offered up any pay to depart early, so there isn't any real expectation than they will try to leave at this point. There are probably some that WANT them to leave early, that want the BIG 12 to waive fees etc. but none of that is going to happen without full pay --and it doesn't appear either school wants to dole out the necessary monies to make that happen.</p><p></p><p>On the BIG 12 side, if the defectors left early that would likely trigger a renegotiation (maybe reduction) of their current deals, whereas (like the playoff situation) if they wait til the end it will go up for bid. So can't see the leaders there choosing to do anything unless they were made an offer they couldn't refuse and that hasn't happened either, so there wouldn't seem to be any incentive for the BIG 12 to let someone "off the hook"--not happening.</p></blockquote><p></p>
[QUOTE="Buckaineer, post: 131952089, member: 1428007"] Money is the issue preventing the defectors from leaving the BIG 12 prior to the completion of the grants of rights agreements they signed and the end of the current BIG 12 contracts which would also end buyout fees for departing the conference. They will both owe many tens of millions of dollars if they were to depart early. The BIG 12 would continue to own their rights through 2025 also. They haven't apparently offered up any pay to depart early, so there isn't any real expectation than they will try to leave at this point. There are probably some that WANT them to leave early, that want the BIG 12 to waive fees etc. but none of that is going to happen without full pay --and it doesn't appear either school wants to dole out the necessary monies to make that happen. On the BIG 12 side, if the defectors left early that would likely trigger a renegotiation (maybe reduction) of their current deals, whereas (like the playoff situation) if they wait til the end it will go up for bid. So can't see the leaders there choosing to do anything unless they were made an offer they couldn't refuse and that hasn't happened either, so there wouldn't seem to be any incentive for the BIG 12 to let someone "off the hook"--not happening. [/QUOTE]
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West Virginia
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BIG 12 splitting into two 7 team divisions by '23
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