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    ISU Would Pay 3.85 Million Penalty Over Contract Appeal


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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    Yeah I'm confused.



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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    It sounds like if we nullify our agreement with Learfield then ISU would have to pay a penalty.



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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    my head hurts after trying to read that ... my understanding is that isu would have to pay a "no bid" fee to learfield sports communications if another company made a bid on the contract to do so ...


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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    Basically it sounds that if Iowa State were to bid their tier 3 rights back out they would have to pay this penalty to do so.. So for example, if the big 12 were to create a new channel for the tier 3 rights we would likely have to pay some sort of penalty to Leerfield to switch over. No huge deal as far ad I'm concerned and not sure why it is a story today.



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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    Basically it sounds that if Iowa State were to bid their tier 3 rights back out they would have to pay this penalty to do so.. So for example, if the big 12 were to create a new channel for the tier 3 rights we would likely have to pay some sort of penalty to Leerfield to switch over. No huge deal as far ad I'm concerned and not sure why it is a story today.



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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    They didn't put the contract out for competitive bidding by a lot of companies. They just signed with Learfield. It's in the contract that if some other company sues (and wins) by finding something illegal with that process or has to void the contract for some reason then ISU pays Learfield the $3.85 million. Most gov stuff goes out for bid or has some kind of RFP process.

    But I'm not a lawyer so who knows.



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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    Why didn't they get a bid on it in the first place? And why have it set so far out into the future? If the B12 falls apart, it helps us with some income I guess.....?



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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    I would think that somehow, if the Big12 was responsible, for example creating a B12 Network, they would foot some of this.


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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    IT'S A NON_ISSUE, WHOMEVER BOUGHT THR RIGHTS AWAY FROM LEARFIELD WOULD PAY THE PENALTY !!!!! Frik'in RAG again.



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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    Quote Originally Posted by rebecacy View Post
    IT'S A NON_ISSUE, WHOMEVER BOUGHT THR RIGHTS AWAY FROM LEARFIELD WOULD PAY THE PENALTY !!!!! Frik'in RAG again.
    Wrong. ISU might try to negotiate that with the new party, but it wouldn't be a given.



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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    Quote Originally Posted by SvrWxCy View Post
    No huge deal as far ad I'm concerned and not sure why it is a story today.
    ESPN had a story about Iowa's contract with Learfield. I'm not really sure why either is a story, but I would guess the register saw the Iowa story so they decided to look into the ISU contract.

    http://www.cyclonefanatic.com/forum/...ting-deal.html



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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    Their team just got beat by ISU, and they have to find something negative to right about their rival. Kind of a sad bunch really.



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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    Quote Originally Posted by JD720 View Post
    Wrong. ISU might try to negotiate that with the new party, but it wouldn't be a given.
    Actually you have no knowledge at all on this and are in fact the one who is wrong. Sorry.



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    Re: ISU Would Pay 3.85 Million Penalty Over Contract Appeal

    Quote Originally Posted by rebecacy View Post
    Actually you have no knowledge at all on this and are in fact the one who is wrong. Sorry.
    Please, share your knowledge.



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