Did ok & tex violate big12 bylaws

[Postel16]

Did Oklahoma and Texas Make a Grave Legal Error?

Following Oklahoma and Texas’ notification to the Big 12 on Monday that it will not renew their grant of media rights with the conference, Oklahoma State President Dr. Kayse Shrum issued a statement that included a potential enormous legal issue for OU and UT moving forward: “This action was...

www.heartlandcollegesports.com

 

[CYTUTT]

I have a feeling this won’t come to pass in any meaningful manner. Contracts mean nothing. I do hope this is true.

 

[jdoggivjc]

I have a feeling this won’t come to pass in any meaningful manner. Contracts mean nothing. I do hope this is true.

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.

 

[tolfbfan]

Find the biggest, strongest, fastest, fast twitch law firm out there. Recruit them, sign them and play to win! Sorry for having fun in this BS moment.

 

[CYTUTT]

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.

I meant to say at the level. I agree with your statement, otherwise. But even the credit card company won’t come after all of it. They will take a portion and write it off.

 

[mb7299]

Kind of dig they put teeth to this knowing Texas would try to do something, its very clear they did damage to the rest of the schools in the conference now and into the future, I hope OU and UT get attacked heavily money wise.

 

[jdoggivjc]

I meant to say at the level. I agree with your statement, otherwise. But even the credit card company won’t come after all of it. They will take a portion and write it off.

It comes down to "how much to you want to spend in lawyer and court fees to enforce compensation?", because the harder you fight, the more it will cost, and if it costs enough to fight it, is it really worth it.

 

[Postel16]

It comes down to "how much to you want to spend in lawyer and court fees to enforce compensation?", because the harder you fight, the more it will cost, and if it costs enough to fight it, is it really worth it.

Yep, personally I'm pissed, as I'm sure most fans of the "other 8" schools are. So anything we can do to punish/make life h*ll for either of those programs seems completely worth the headache. They can both go screw themselves but hopefully after we prove in court how they've done irreparable damage to the remaining schools.

 

[norcalcy]

I am guessing a GoFundMe legal account might attract a few bucks from 8 fan bases. Seriously, I hope high level counsel has been retained for this fight. It’s time to go after these two ******** institutions and the $EC.

 

[FerShizzle]

So they claim to be worth half the contract ($200 mil) and conspired to kill 4 years worth of the contract. Rough math would state that they owe a floor of $800 mil.

That doesn’t even include damages to reputation, relations with other parties, etc…

I think they are going to be getting sued for over a billion. I also am not a lawyer.

 

[Postel16]

I think they are going to be getting sued for over a billion. I also am not a lawyer.

Want a job? Lol

 

[NodawayRiverClone]

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.

 

[BWRhasnoAC]

“[A]ctions, in breach of the Withdrawing Member’s agreements in these Bylaws, cause additional damage to the Conference and therefore that the Buyout Amount shall be increased by, and shall also include, and the Withdrawing Member shall be obligated to pay to the Conference immediately upon the occurrence of any of the foregoing events, the amount of all actual loss, damage, costs, or expenses whatsoever (including but not limited to lost revenues, damage to reputation and public image, and damage to relationships with related parties) incurred by the Conference or any of its remaining Members directly or indirectly related to that challenge or opposition, whether economic or otherwise.”

I think they're ******.

 

[FerShizzle]

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.

I would guess this is one of the reasons the KU/Big 10 call was very publicly reported to have not happened. Also hopefully the same reason that any ISU/Big 10 chatter has been squashed.

 

[CyCrazy]

So they claim to be worth half the contract ($200 mil) and conspired to kill 4 years worth of the contract. Rough math would state that they owe a floor of $800 mil.

That doesn’t even include damages to reputation, relations with other parties, etc…

I think they are going to be getting sued for over a billion. I also am not a lawyer.

Um that is stupid. They will settle for what they owe and move on. Get real

 

[BCClone]

Um that is stupid. They will settle for what they owe and move on. Get real

I think he figuring if ESPN cuts our payout. The GoR says that the leaving schools would make up the difference. That would be what they owe per GoR.

 

[FerShizzle]

Um that is stupid. They will settle for what they owe and move on. Get real

i dont doubt that they will settle. just stating that this might be about a little more than a $20 mil per school payment.

 

[Clonehomer]

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.

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.

 

[CYKXBUT2]

The greediest are also some of the dumbest. Maybe this info can be used to influence ESPN to use their clout (money) to influence other conferences to take (most) remaining members of the B12.

 

[Rogue52]

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.