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  1. #1
    Cyclone42
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    Are the exit fees split equally?

    The league is due $20 million, from Nebraska and Colorado. If this is split equally, then we are due a $2 million windfall. I think we should put that money into a down payment on the end zone.



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    Re: Are the exit fees split equally?

    Quote Originally Posted by Cyclone42 View Post
    The league is due $20 million, from Nebraska and Colorado. If this is split equally, then we are due a $2 million windfall. I think we should put that money into a down payment on the end zone.

    I haven't read the Big 12 bylaws, but I would imagine the money is split equally amongst the remaining members. And that $2 million is going towards the ISU athletic department becoming completely self-sufficient. (a priority of the Regents)



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    Posse to Lincoln and Boulder

    What say we saddle up and ride over to Lincoln, stop by TommO's house and pick up our $1,000,000 check and then head for Boulder and do the same!

    Perhaps we can remind TommO that the last time we played ISU in Lincoln, the score was 9-7...

    hehehe


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    Re: Are the exit fees split equally?

    Quote Originally Posted by Cyclone42 View Post
    The league is due $20 million, from Nebraska and Colorado. If this is split equally, then we are due a $2 million windfall. I think we should put that money into a down payment on the end zone.
    http://www.cyclonefanatic.com/forum/...ml#post1766489

    Apparently the buyout is not that simple. See the linked post for more in depth but the nuts and bolts is Colorado owes the Big 12 50% of the revenue they would get from the Big 12 over the next 2 years. Nebraska will owe the Big 12 80% of the revenue.

    Credit Rogue52 for doing the work.



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    Re: Are the exit fees split equally?

    Quote Originally Posted by Boxerdaddy View Post
    http://www.cyclonefanatic.com/forum/...ml#post1766489

    Apparently the buyout is not that simple. See the linked post for more in depth but the nuts and bolts is Colorado owes the Big 12 50% of the revenue they would get from the Big 12 over the next 2 years. Nebraska will owe the Big 12 80% of the revenue.

    Credit Rogue52 for doing the work.
    Wow, so that'll likely add up to being MORE than $10M owed from each.



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    Re: Are the exit fees split equally?

    Quote Originally Posted by CloneState1028 View Post
    Wow, so that'll likely add up to being MORE than $10M owed from each.
    With this type of windfall I think ISU should endow scholarships. This is a one time thing (like winning a lottery) and an endowment would pay dividends for years to come.



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    Re: Are the exit fees split equally?

    I have a sneaky suspicion that one of the concessions made by the other teams was to give a larger share of the exit fees to Texas, A&M, and OU.

    Something extra financially was given to them besides the TV contract info. That much is known. This seems to be the most likely candidate.

    I'll be happy if we see 500K to ISU to be honest.



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    Re: Are the exit fees split equally?

    Quote Originally Posted by Boxerdaddy View Post
    http://www.cyclonefanatic.com/forum/...ml#post1766489

    Apparently the buyout is not that simple. See the linked post for more in depth but the nuts and bolts is Colorado owes the Big 12 50% of the revenue they would get from the Big 12 over the next 2 years. Nebraska will owe the Big 12 80% of the revenue.

    Credit Rogue52 for doing the work.
    Won't that be 50% over two years (2010-2011,2011-2012) for CU and 80% over the next year (2010-2011) for NU? That would mean that CU will actually lose more than NU?



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    Re: Are the exit fees split equally?

    The numbers are not finite in this but right now it goes like this.

    Colorado assuming they earn $8 million the next 2 years will pay $4 million each year (and when I say pay I mean they will have that money withheld from them)

    Nebraska since they are a breaching member giving only 1 year notice has to pay 80% of the 2009-2010 revenue and 80% of their 2010-2011 revenue which will come to around $ 8 millon each year.

    So the windfall is $24 million which is split evenly between the remaining schools.



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    Re: Are the exit fees split equally?

    Quote Originally Posted by cytech View Post
    The numbers are not finite in this but right now it goes like this.

    Colorado assuming they earn $8 million the next 2 years will pay $4 million each year (and when I say pay I mean they will have that money withheld from them)

    Nebraska since they are a breaching member giving only 1 year notice has to pay 80% of the 2009-2010 revenue and 80% of their 2010-2011 revenue which will come to around $ 8 millon each year.

    So the windfall is $24 million which is split evenly between the remaining schools.
    I see $16 million

    CU: $4 mil (2010) + $4 mil (2011)
    NU: $8 mil (2010)

    Unfortunately, we can't take money from Nebraska in 2011, they'll be in the Big Ten.



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    Re: Are the exit fees split equally?

    Quote Originally Posted by Clonehomer View Post
    I see $16 million

    CU: $4 mil (2010) + $4 mil (2011)
    NU: $8 mil (2010)

    Unfortunately, we can't take money from Nebraska in 2011, they'll be in the Big Ten.
    cytech is saying we get 80% of Nebraska's 2009 money as well, I believe. I have no clue whether that's true.



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    Re: Are the exit fees split equally?

    Quote Originally Posted by mred View Post
    cytech is saying we get 80% of Nebraska's 2009 money as well, I believe. I have no clue whether that's true.
    It almost has to be true. Otherwise it is an incentive to only give 1 year notice.



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    Re: Are the exit fees split equally?

    Both schools would owe the 80% for the last two years they are members of the conference. The 2 year notice is from the end of the "current term". The current term refers to membership term in the Big 12. Originally the big 12 was set up until 2006, after that membership automatically renews for 5 years until 2011. Since the end of the "current term" is 13 months away both CU and NE would owe 80% of their revenue.

    In the case of NE who is leaving for the 2012 season all their conference revenue for next year is kept by the conference up to the point that equals 80% of their conference revenue of this year and last year. If it still isn't enough then NE would owe the Big 12 the balance.

    For CU, the Big 12 would just keep 80% for the next two years until they leave the conference.

    The process is all outlined in the By-laws.


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    Re: Are the exit fees split equally?

    http://www.big12sports.com/fls/10410...B_OEM_ID=10410

    Section 3 is the important area. I wasn't really sure how the term played into it when I read it, but it could be 80% for both of them.



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    Re: Are the exit fees split equally?

    Wow, that's quite the cost for a marginal increase (if any) increase for NE and even bigger for CO which I think may be less money than had they been part of the new Big 12.

    Just maybe TX thought a lot harder about this when KU, KSU, ISU, MZ, and Baylor stuck together. Had 7 teams fallen their termination (7x10 = 70m) plus their loss in revenue (7x8=56m) would have been 126 million / 5 = ~$25 per school. These 5 schools could have done a lot with this money to stay relevant and potentially even "buy" more teams or "market" themselves in other ways.

    Did I understand that right... NE will owe 10 + 8 = 18.... CO will owe 10 + 4 + 4 = 18 ?? Or is just the "withholdings" of 8 each?



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