Our reading of the bylaws indicates the eight outgoing schools could be entitled to their standard revenue shares for the 2023-24 sports season, which would greatly diminish the available funds for the continuing members.
Here’s the applicable section on rules governing withdrawal:
“No member shall deliver a notice of withdrawal to the Conference in the period beginning on July 24, 2011, and ending on August 1, 2024; provided, that if any member does deliver a notice of withdrawal prior to August 1, 2024, in violation of this chapter, the Conference shall be entitled to an injunction and other equitable relief to prevent such breach,
“and if a court of competent jurisdiction shall deny the Conference such injunctive relief, the Conference shall be entitled to retain all the media and sponsorship rights in the multi-player video distribution (MPVD) and telecommunications/wireless categories of the member purporting to withdraw through August 1, 2024, even if the member is then a member of another conference or an independent school for some or all intercollegiate sports competitions.
“Additionally, if a member delivers notice of withdrawal in violation of this chapter, the member’s representative to the CEO Group shall automatically cease to be a member of the CEO Group and shall cease to have the right to vote on any matter before the CEO Group.”
Could the revenue be withheld? Final judgment undoubtedly will be rendered by the lawyers, who must determine “the real damages” inflicted upon the four remaining schools, according to a source.
But this much is known: The Pac-12 finished the 2022 fiscal year with $42.7 million in net assets, which includes the emergency reserve funds controlled by the presidents — the presidents of the four remaining schools.
What about the liabilities?
Our assumption is the payments due Comcast will be deducted from the campus distributions to all 12 schools in the spring, removing them from the books beyond June 30, 2024.
But the technological infrastructure underpinning the Pac-12 Networks must be accounted for; the same goes for the lease on the new property in San Ramon.
The Pac-12’s chief financial officer, Morane Kerek, who was hired in June, has a busy few weeks ahead.
And one more point:
If desired, the four schools could attempt to play the hardest of hardball and declare the eight outgoing members ineligible for Pac-12 titles in 2023-24 — and thus any automatic bids to NCAA championships.
There is precedent for such action. In 2012, the Colonial Athletic Association declared its three departing members, VCU, George State and Old Dominion, ineligible for championships.
We’re skeptical Stanford, Cal, WSU and OSU would take that step.
But like everything else, it’s on the spectrum of possibilities during this tumultuous stretch.
Our reading of the bylaws indicates the eight outgoing schools could be entitled to their standard revenue shares for the 2023-24 sports season, which would greatly diminish the available funds for the continuing members.
Here’s the applicable section on rules governing withdrawal:
“No member shall deliver a notice of withdrawal to the Conference in the period beginning on July 24, 2011, and ending on August 1, 2024; provided, that if any member does deliver a notice of withdrawal prior to August 1, 2024, in violation of this chapter, the Conference shall be entitled to an injunction and other equitable relief to prevent such breach,
“and if a court of competent jurisdiction shall deny the Conference such injunctive relief, the Conference shall be entitled to retain all the media and sponsorship rights in the multi-player video distribution (MPVD) and telecommunications/wireless categories of the member purporting to withdraw through August 1, 2024, even if the member is then a member of another conference or an independent school for some or all intercollegiate sports competitions.
“Additionally, if a member delivers notice of withdrawal in violation of this chapter, the member’s representative to the CEO Group shall automatically cease to be a member of the CEO Group and shall cease to have the right to vote on any matter before the CEO Group.”
Could the revenue be withheld? Final judgment undoubtedly will be rendered by the lawyers, who must determine “the real damages” inflicted upon the four remaining schools, according to a source.
But this much is known: The Pac-12 finished the 2022 fiscal year with $42.7 million in net assets, which includes the emergency reserve funds controlled by the presidents — the presidents of the four remaining schools.
What about the liabilities?
Our assumption is the payments due Comcast will be deducted from the campus distributions to all 12 schools in the spring, removing them from the books beyond June 30, 2024.
But the technological infrastructure underpinning the Pac-12 Networks must be accounted for; the same goes for the lease on the new property in San Ramon.
The Pac-12’s chief financial officer, Morane Kerek, who was hired in June, has a busy few weeks ahead.
And one more point:
If desired, the four schools could attempt to play the hardest of hardball and declare the eight outgoing members ineligible for Pac-12 titles in 2023-24 — and thus any automatic bids to NCAA championships.
There is precedent for such action. In 2012, the Colonial Athletic Association declared its three departing members, VCU, George State and Old Dominion, ineligible for championships.
We’re skeptical Stanford, Cal, WSU and OSU would take that step.
But like everything else, it’s on the spectrum of possibilities during this tumultuous stretch.
Our reading of the bylaws indicates the eight outgoing schools could be entitled to their standard revenue shares for the 2023-24 sports season, which would greatly diminish the available funds for the continuing members.
Here’s the applicable section on rules governing withdrawal:
“No member shall deliver a notice of withdrawal to the Conference in the period beginning on July 24, 2011, and ending on August 1, 2024; provided, that if any member does deliver a notice of withdrawal prior to August 1, 2024, in violation of this chapter, the Conference shall be entitled to an injunction and other equitable relief to prevent such breach,
“and if a court of competent jurisdiction shall deny the Conference such injunctive relief, the Conference shall be entitled to retain all the media and sponsorship rights in the multi-player video distribution (MPVD) and telecommunications/wireless categories of the member purporting to withdraw through August 1, 2024, even if the member is then a member of another conference or an independent school for some or all intercollegiate sports competitions.
“Additionally, if a member delivers notice of withdrawal in violation of this chapter, the member’s representative to the CEO Group shall automatically cease to be a member of the CEO Group and shall cease to have the right to vote on any matter before the CEO Group.”
Could the revenue be withheld? Final judgment undoubtedly will be rendered by the lawyers, who must determine “the real damages” inflicted upon the four remaining schools, according to a source.
But this much is known: The Pac-12 finished the 2022 fiscal year with $42.7 million in net assets, which includes the emergency reserve funds controlled by the presidents — the presidents of the four remaining schools.
What about the liabilities?
Our assumption is the payments due Comcast will be deducted from the campus distributions to all 12 schools in the spring, removing them from the books beyond June 30, 2024.
But the technological infrastructure underpinning the Pac-12 Networks must be accounted for; the same goes for the lease on the new property in San Ramon.
The Pac-12’s chief financial officer, Morane Kerek, who was hired in June, has a busy few weeks ahead.
And one more point:
If desired, the four schools could attempt to play the hardest of hardball and declare the eight outgoing members ineligible for Pac-12 titles in 2023-24 — and thus any automatic bids to NCAA championships.
There is precedent for such action. In 2012, the Colonial Athletic Association declared its three departing members, VCU, George State and Old Dominion, ineligible for championships.
We’re skeptical Stanford, Cal, WSU and OSU would take that step.
But like everything else, it’s on the spectrum of possibilities during this tumultuous stretch.
“No member shall deliver a notice of withdrawal to the Conference in the period beginning on July 24, 2011, and ending on August 1, 2024; provided, that if any member does deliver a notice of withdrawal prior to August 1, 2024, in violation of this chapter, the Conference shall be entitled to an injunction and other equitable relief to prevent such breach,
Who is leaving before 8/1/2024? I think it is clear that all schools who are leaving are leaving after that date, hence no leprechaun treasure for Cuog.
Also, since nobody is leaving until after that date, how’s it possible for the schools left out to change the rules? Their 4 votes don’t supersede the other 8, until after 8/1/2024.
If desired, the four schools could attempt to play the hardest of hardball and declare the eight outgoing members ineligible for Pac-12 titles in 2023-24 — and thus any automatic bids to NCAA championships.
Wilner is such a dipshit. The best thing that could come out of the departures to B1G and B12 is unloading the grifters who fancy themselves as Pac-12 reporters.
Our leaders are idiots and people are worried we might not be able to schedule a dual swim meet. We're actually worried about our NIT basketball team. Bet the baseball coach is sorry he left LMU for this sh-t show.
It is a guarantee dough, but WSU leaders and others have a conference mind-set. Here's what I always hear: "Only Notre Dame can pull it off." Yeah, in the long term. In the short term WSU (and OSU) would rake it in. Be greedy. WSU had no problem SPENDING $132M of money they didn't have under Moos/Floyd; how about taking $100M YOU ARE OWED.
There's still people talking Big 12 when they have told reporters they're not taking anyone else, McMurphy reported this. If they did take OSU and WSU it would be at such a discount it would be an insult. Take your guaranteed Pac-12 dough. For once do something right. This is a freaking gift, but of course our president -- who lives in Seattle -- and our A.D., are simply clueless. There are fans pumping up the $4M a year MWC, just amazing.
Hey Cougs, nobody is leaving before 8/24. There is no $. You are owed nothing.
No no no...they should definitely follow @cougfan69 armchair lawyer advice and wait for the check in the mail.
The worst part about the reactions is the absolute hypocrisy, as if they wouldn't have taken a triple to quadruple or even more pay raise to bail on UW and UO if the opportunity arose.
Projections near the end of the current Fox/CBS/NBC B1G deal are over $100,000,000 per team. Estimates for the B1G network payout alone could be pushing $40,000,000 a year per team in the next decade.
But yeah, they totally would have had the "integrity" to accept a base amount less than that if Apple TV subs hit all the incentives.
Their...our? fucking conference network is basically the 4th biggest in the country behind ESPN, Fox and whoever else, and half the shit they broadcast is lacrosse.
All this agreeing with Ducks and focusing enemy sights on SC and WSU is troubling.
A few posters here can confirm that WSU is my third favorite team behind the Huskies and whoever needs to beat whom ever to help UW. I’m laughing at their idiocy, not have my “enemy sights” on them. For one, they want to help UW by ending the Apple Cup because they are short sighted idiots. Number two, and most hilarious is their stupid quest for mythical “leprechaun gold” if they stupidly avoid joining the Mountain West because their fan base and Jon Wilner (I guess) are too stupid to comprehend basic contract law.
Those emotional idiots are going to relegate themselves to the Big Sky.
All this agreeing with Ducks and focusing enemy sights on SC and WSU is troubling.
A few posters here can confirm that WSU is my third favorite team behind the Huskies and whoever needs to beat whom ever to help UW. I’m laughing at their idiocy, not have my “enemy sights” on them. For one, they want to help UW by ending the Apple Cup because they are short sighted idiots. Number two, and most hilarious is their stupid quest for mythical “leprechaun gold” if they stupidly avoid joining the Mountain West because their fan base and Jon Wilner (I guess) are too stupid to comprehend basic contract law.
Those emotional idiots are going to relegate themselves to the Big Sky.
I’m sorry if you felt for some reason this was about you.
Comments
Our reading of the bylaws indicates the eight outgoing schools could be entitled to their standard revenue shares for the 2023-24 sports season, which would greatly diminish the available funds for the continuing members.
Here’s the applicable section on rules governing withdrawal:
“No member shall deliver a notice of withdrawal to the Conference in the period beginning on July 24, 2011, and ending on August 1, 2024; provided, that if any member does deliver a notice of withdrawal prior to August 1, 2024, in violation of this chapter, the Conference shall be entitled to an injunction and other equitable relief to prevent such breach,
“and if a court of competent jurisdiction shall deny the Conference such injunctive relief, the Conference shall be entitled to retain all the media and sponsorship rights in the multi-player video distribution (MPVD) and telecommunications/wireless categories of the member purporting to withdraw through August 1, 2024, even if the member is then a member of another conference or an independent school for some or all intercollegiate sports competitions.
“Additionally, if a member delivers notice of withdrawal in violation of this chapter, the member’s representative to the CEO Group shall automatically cease to be a member of the CEO Group and shall cease to have the right to vote on any matter before the CEO Group.”
Could the revenue be withheld? Final judgment undoubtedly will be rendered by the lawyers, who must determine “the real damages” inflicted upon the four remaining schools, according to a source.
But this much is known: The Pac-12 finished the 2022 fiscal year with $42.7 million in net assets, which includes the emergency reserve funds controlled by the presidents — the presidents of the four remaining schools.
What about the liabilities?
Our assumption is the payments due Comcast will be deducted from the campus distributions to all 12 schools in the spring, removing them from the books beyond June 30, 2024.
But the technological infrastructure underpinning the Pac-12 Networks must be accounted for; the same goes for the lease on the new property in San Ramon.
The Pac-12’s chief financial officer, Morane Kerek, who was hired in June, has a busy few weeks ahead.
And one more point:
If desired, the four schools could attempt to play the hardest of hardball and declare the eight outgoing members ineligible for Pac-12 titles in 2023-24 — and thus any automatic bids to NCAA championships.
There is precedent for such action. In 2012, the Colonial Athletic Association declared its three departing members, VCU, George State and Old Dominion, ineligible for championships.
We’re skeptical Stanford, Cal, WSU and OSU would take that step.
But like everything else, it’s on the spectrum of possibilities during this tumultuous stretch.
https://247sports.com/college/washington-state/article/komos-eric-johnson-wsu-football-an-angry-cougs-thoughts-on-pac-12s-demise-214082449/
Who is leaving before 8/1/2024? I think it is clear that all schools who are leaving are leaving after that date, hence no leprechaun treasure for Cuog.
Also, since nobody is leaving until after that date, how’s it possible for the schools left out to change the rules? Their 4 votes don’t supersede the other 8, until after 8/1/2024.
"It was not a garbage deal."
Fucking cougs know nothing about football. They deserve being relegated to G5 status and have all their games streamed on Apple
Projections near the end of the current Fox/CBS/NBC B1G deal are over $100,000,000 per team. Estimates for the B1G network payout alone could be pushing $40,000,000 a year per team in the next decade.
But yeah, they totally would have had the "integrity" to accept a base amount less than that if Apple TV subs hit all the incentives.
Their...our? fucking conference network is basically the 4th biggest in the country behind ESPN, Fox and whoever else, and half the shit they broadcast is lacrosse.
Those emotional idiots are going to relegate themselves to the Big Sky.