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    WOW...CU and Nebbie buyout penalties

    This number keeps going up.

    $40 million now.

    Chip Brown (ChipBrownOB) on Twitter



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    Re: WOW...CU and Nebbie buyout penalties

    That would be a nice 4 mil per a school. However, what worries me is the fact that they are discussing what to do with it. It should be simple, split it evenly.



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    Re: WOW...CU and Nebbie buyout penalties

    Quote Originally Posted by SCNCY View Post
    That would be a nice 4 mil per a school. However, what worries me is the fact that they are discussing what to do with it. It should be simple, split it evenly.
    Or provide seed money for one or more TV networks?

    Or discuss inviting Memphis to the Big IIXII (for their $10M), and then seeing if we couldn't get another big name to budge to join us for some of that pot.


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    Re: WOW...CU and Nebbie buyout penalties

    Quote Originally Posted by SCNCY View Post
    That would be a nice 4 mil per a school. However, what worries me is the fact that they are discussing what to do with it. It should be simple, split it evenly.
    If that amount is accurate, The Big 12 should seriously consider investing part of it, at least, in a Big 12 network. That would go a long way toward the start-up costs, I'd suspect.



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    Re: WOW...CU and Nebbie buyout penalties

    How can Colorado pay for that? Not that I care.



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    Re: WOW...CU and Nebbie buyout penalties

    810 Radio was talking about this today and how NU will try to get out of paying because they will say the conference is worth more now that they left. I imagine this will go to court and there will be a settlement.



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    Re: WOW...CU and Nebbie buyout penalties

    These are not penalties to be paid, this is the amount that the Big XII will withhold from NU and CU. They won't have a choice whether or not to "pay up", because they just won't get it to begin with. That's according to Blair Kerkoff from the KC Star, who was on Omaha radio on Friday.

    It's pretty likely that a fair amount of lawyerin' will be going on with this.



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    Re: WOW...CU and Nebbie buyout penalties

    Quote Originally Posted by kcclones View Post
    810 Radio was talking about this today and how NU will try to get out of paying because they will say the conference is worth more now that they left. I imagine this will go to court and there will be a settlement.
    The Big 12 bylaws (which I assume NU signed) specify liquidated damages, in which the actual effect on the conference of a team leaving is irrelevant. NU should lose, and then the judge should throw in an additional $10 million in punitive damages for wasting the court's time, and stick them with all the attorney's fees...


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    Re: WOW...CU and Nebbie buyout penalties

    What I heard from some friends in Omaha Nebraska says they aren't going to pay to which the Big 12 says fine your not getting any money from us this year...this explains why pollard said the lawyers are working it out when asked last week about the buyout money.



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    Re: WOW...CU and Nebbie buyout penalties

    Quote Originally Posted by kcclones View Post
    810 Radio was talking about this today and how NU will try to get out of paying because they will say the conference is worth more now that they left. I imagine this will go to court and there will be a settlement.
    In theory NU is correct but now you have to take into account the schools needing to change up schedules. The Big 12 schools may have to pay buyouts to the schools getting dropped in future schedules, this is not cheap. If each school were to split the penalty money evenly there may be some schools that go into the hole by having to pay those buyouts. ISU comes to mind if you have to buyout Utah, UCONN or Air Force.



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    Re: WOW...CU and Nebbie buyout penalties

    Quote Originally Posted by Rapplegt View Post
    If that amount is accurate, The Big 12 should seriously consider investing part of it, at least, in a Big 12 network. That would go a long way toward the start-up costs, I'd suspect.
    According to what television tells me, and I have never known it to lie, this is where the investment should be.
    [ame=http://www.youtube.com/watch?v=HqZbeg0i15o]YouTube - Gold & Coin Exchange INVESTMENT COMMERCIAL (Marietta, GA)[/ame]



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    Re: WOW...CU and Nebbie buyout penalties

    Quote Originally Posted by CarolinaCy View Post
    These are not penalties to be paid, this is the amount that the Big XII will withhold from NU and CU. They won't have a choice whether or not to "pay up", because they just won't get it to begin with. That's according to Blair Kerkoff from the KC Star, who was on Omaha radio on Friday.

    It's pretty likely that a fair amount of lawyerin' will be going on with this.
    How can Colorado pay the coaches/travel/etc. without getting paid? Not as I care.



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    Re: WOW...CU and Nebbie buyout penalties

    Quote Originally Posted by chadm View Post
    How can Colorado pay the coaches/travel/etc. without getting paid? Not as I care.
    They could get a license to start selling medical marijuana...



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    Re: WOW...CU and Nebbie buyout penalties

    Quote Originally Posted by RyCy04 View Post
    According to what television tells me, and I have never known it to lie, this is where the investment should be.
    YouTube - Gold & Coin Exchange INVESTMENT COMMERCIAL (Marietta, GA)

    hahaha nice.


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    Re: WOW...CU and Nebbie buyout penalties

    Quote Originally Posted by chadm View Post
    How can Colorado pay the coaches/travel/etc. without getting paid? Not as I care.
    They are planning to get financing.

    Seems like "junk bond" debt to me.


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