https://twitter.com/DaGrumpyCoug/status/1689722066575208448Wilner says:
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://twitter.com/DaGrumpyCoug/status/1689722066575208448Wilner says:
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.
Wilner says:
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.
More idiocy:
https://247sports.com/college/washi...ts/dont-throw-away-100m200m-214052537/?page=1
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.
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For fucks sake Brock threw 5 picks to get WSU to the Rose Bowl
All this agreeing with Ducks and focusing enemy sights on SC and WSU is troubling.