Even with Tex n Ok finishing out GoR contract I would argue they still broke the bylaws by actively plotting against the big 12 to the detriment of the the other 8 institutions resulting in actual damages both now and into the future. I believe (not a lawyer, so take it with a ton of salt) that them openly conspiring against the conference for their betterment would qualify as a breach. Wish there was a way to go after media companies interfering in conference membership cuz let's be real what are the odds the folks @ espn didn't know/help plan/endorse this.Don’t get too excited folks. At best, Texas and Oklahoma finish out the Grant of Rights contract. At worst, they pay a pretty big settlement that will be a nice windfall but won’t amount to anything in the long run if we don’t find ourselves in a Power 4 conference.
True but a BIG WINDFALL does buy ISU and the rest time before we go broke and have to cut expenses. By then we should know what the Big 10 and Pac 12 are going to do.Don’t get too excited folks. At best, Texas and Oklahoma finish out the Grant of Rights contract. At worst, they pay a pretty big settlement that will be a nice windfall but won’t amount to anything in the long run if we don’t find ourselves in a Power 4 conference.
If contracts mean nothing, I dare you not to pay your credit card bill for about 6 months. Every time you swipe your card and sign a receipt you're signing a contract to pay the money you owe.
Contracts aren't nothing. The question is how much are parties willing to pay lawyers to dispute/defend the terms.
Don’t get too excited folks. At best, Texas and Oklahoma finish out the Grant of Rights contract. At worst, they pay a pretty big settlement that will be a nice windfall but won’t amount to anything in the long run if we don’t find ourselves in a Power 4 conference.
The point would be to cause as much discomfort 2 the 2 schools who forced this by being greedy with no regard for the contracts they signed and agreed to. Just because they happen to be the 2 programs worth the most in the conference doesn't give them free reign to actively collude to harm the other members which is exactly what they've done. Both financially and through reduced prestige and standing in college athletics. The remaining members should strive to make this transition the most grueliThe UT and OU settlements would just go straight to the B1G or Pac-12 office as an entrance fee if they took us, anyway.
If they don't and we end up G5, then they will be used to close out existing and incurred debt and to transition down to a vastly reduced AD budget over a few years.
So nothing fun will happen with that money either way.
Some of the remaining 8 may need to watch what kind of conversations they have with other conferences, too, or they may violate the same contract/bylaw provision. I'm all for getting as mush as possible from Tx and OU.
Correct. This is all about buying time and lengthening the runway. Nothing more and nothing less.True but a BIG WINDFALL does buy ISU and the rest time before we go broke and have to cut expenses. By then we should know what the Big 10 and Pac 12 are going to do.
Agree with all of this, but there also is a PR element for future relationships (pro and con) involved in the decision to pursue actions. In other words, taking legal action against Z for breach, might affect any future relationship with X or Y in potentially a pro or con manner.If contracts mean nothing, I dare you not to pay your credit card bill for about 6 months. Every time you swipe your card and sign a receipt you're signing a contract to pay the money you owe.
Contracts aren't nothing. The question is how much are parties willing to pay lawyers to dispute/defend the terms.
"A member.... shall be deemed to have withdrawn... (C) if a third party offers to, or attempts to induce a Member to, leave the Conference and/or breach or not to fully perform its future obligations under the Grant of Rights Agreement and the Member does not both (1) inform the Conference of such action as promptly as possible (but in any event not later than twelve (12) hours after such action) and (2) immediately and unconditionally reject that offer in a form and manner reasonably acceptable to the Commissioner..."
Then in section 3.3, it would seem that the Big 12 could force June 30, 2022 to be the withdrawal effective date, assuming UT and OU had secret conversations with the SEC in December 2020. So they don't get to say, "We're not leaving until 2025."
https://static.big12sports.com/custompages/pdfs/handbook/bylaws.pdf
I don't see anything else related to punishing private conversations, though. What the Heartland article cites seems actually to be related to interfering with the GoR or the televising of the withdrawing school during its remaining term.
The “Notice Date” of the Withdrawal shall be the date of the occurrence of the event that causes the Withdrawal under Section 3.2 above. The “Effective Date” of the Withdrawal shall be the June 30 that next follows the end of the period that is 18 full calendar months following the Notice Date, unless an earlier date is established by a Supermajority of Disinterested Directors in its sole discretion.
One could argue any action on the part of the remaining 8 is to mitigate damage, which if often a requirement actually. So, we could be scot free on that particular rule, and in fact required to try and help ourselves.When you consider damage to the conference, I don't think the other 8 leaving would have the same effect as the first two. The TV money is already going to drop from UT/OU, so ISU/KU leaving would be based on losses from that new level.