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    Penalty money for leaving Big 12.

    With all these teams leaving the Big 12... its too bad that ISU wont be able to cash in on this at all. I was really hoping a couple teams would leave, and ISU would bank a nice chunk of cash from this.



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    Re: Penalty money for leaving Big 12.

    It's all orchestrated...we won't get squat.



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    Re: Penalty money for leaving Big 12.

    Unless we stay and become the Big 1 and cash in all of the money from departing teams, then wait to join a conference



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    Re: Penalty money for leaving Big 12.

    That is why we need to ride this all out and band together with MU, KU, K-State, and Baylor. Without us, those South teams can vote to dissolve the conference. They leave, they pay us money, we merge with a restructured Big East.

    Sadly, we need Beebe on our side right now to iron this all out. However, I think he would be more willing to work with the South schools to lawyer us out of our money.



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    Re: Penalty money for leaving Big 12.

    Quote Originally Posted by atlantacyclone View Post
    Unless we stay and become the Big 1 and cash in all of the money from departing teams, then wait to join a conference
    The 11 teams that leave would vote to disband the conference and we would get nothing, maybe you were sarcastic, I dunno.



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    Re: Penalty money for leaving Big 12.

    I thought this was covered already. They only need a majority (7 votes) to disband the conference. They have 7 votes.

    The only one paying money might be Nebbie if everyone else hangs around for 2 yrs and Nebbie bolts after the 1st year.



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    Re: Penalty money for leaving Big 12.

    But then you have 10million split 11 ways.



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    Re: Penalty money for leaving Big 12.

    Quote Originally Posted by isuno1fan View Post
    I thought this was covered already. They only need a majority (7 votes) to disband the conference. They have 7 votes.

    The only one paying money might be Nebbie if everyone else hangs around for 2 yrs and Nebbie bolts after the 1st year.
    And they wouldn't be paying, just not receiving


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    Re: Penalty money for leaving Big 12.

    I know these teams are going to try every way they can to get out of paying the penalties. But they are structured right now to be paid before the teams leave the conference. Not after the fact, and they are not going to dissolve the big 12 before the teams leave.



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    Re: Penalty money for leaving Big 12.

    Quote Originally Posted by isuno1fan View Post
    But then you have 10million split 11 ways.
    More than likely unequally too.



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    Re: Penalty money for leaving Big 12.

    Quote Originally Posted by isuno1fan View Post
    But then you have 10million split 11 ways.
    10 ways Colorado announced their intentions so they can't collect on it.



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    Re: Penalty money for leaving Big 12.

    Quote Originally Posted by isuno1fan View Post
    I thought this was covered already. They only need a majority (7 votes) to disband the conference. They have 7 votes.

    The only one paying money might be Nebbie if everyone else hangs around for 2 yrs and Nebbie bolts after the 1st year.
    I was under the impression that all decisions were based on a 9 vote majority. It wouldn't make sense to have all other decisions on a 9 vote and have a 7 vote majority for conference dissolution. That would have been a red flag right there, that this conference was set to be unstable.



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    Re: Penalty money for leaving Big 12.

    10 million split 11 ways would be an unreal boost to our AD.



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    Re: Penalty money for leaving Big 12.

    Quote Originally Posted by Jarrods79 View Post
    I was under the impression that all decisions were based on a 9 vote majority. It wouldn't make sense to have all other decisions on a 9 vote and have a 7 vote majority for conference dissolution. That would have been a red flag right there, that this conference was set to be unstable.
    It actually does make sense. It takes 9 votes to change the bylaws of an operational conference. The conference is a corporation and the corporation ceases to exist when over half of the members opt out.



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    Re: Penalty money for leaving Big 12.

    I'm glad there is at least one other person here that understands the corporate law in this case and is doing best to educate the rest of you. Thanks Steve.


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