OT: Big 12 scores own goal, re: alignment - Printable Version
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OT: Big 12 scores own goal, re: alignment - fullmetal - 09-22-2023
Instead of the $160M that the Big 12 was supposed to recoup from Texas and Oklahoma, it looks like the conference commissioner and lawyers agreed to an estimated $100M sum.
Quote:The settlement left the athletics directors at some of the continuing Big 12 schools “kind of dumbfounded,” Kansas State athletics director Gene Taylor said. “We fought back as hard as we could,” but he said the conference’s lawyers advised them, Yormark and the schools’ presidents and chancellors that the bylaws were “not as rock-solid as everybody thought and we could be tied up on lawsuits forever.”
https://www.usatoday.com/story/sports/ncaaf/big12/2023/09/22/texas-oklahoma-big-12-sec-espn-role-realignment/70910157007/
https://athlonsports.com/college-football/big-12-ads-left-stunned-about-latest-on-texas-and-oklahoma-situation
RE: OT: Big 12 scores own goal, re: alignment - 82lsju - 09-22-2023
(09-22-2023, 06:42 PM)fullmetal Wrote: Instead of the $160M that the Big 12 was supposed to recoup from Texas and Oklahoma, it looks like the conference commissioner and lawyers agreed to an estimated $100M sum.
Quote:The settlement left the athletics directors at some of the continuing Big 12 schools “kind of dumbfounded,” Kansas State athletics director Gene Taylor said. “We fought back as hard as we could,” but he said the conference’s lawyers advised them, Yormark and the schools’ presidents and chancellors that the bylaws were “not as rock-solid as everybody thought and we could be tied up on lawsuits forever.”
https://www.usatoday.com/story/sports/ncaaf/big12/2023/09/22/texas-oklahoma-big-12-sec-espn-role-realignment/70910157007/
https://athlonsports.com/college-football/big-12-ads-left-stunned-about-latest-on-texas-and-oklahoma-situation
so it appears that the ACC had better lawyers draw up their grant of rights and/or FSU/Clemson/UNC have worse lawyers than Texas and Oklahoma....
RE: OT: Big 12 scores own goal, re: alignment - fullmetal - 09-22-2023
I think part of it was that the bylaws declare two years' worth of revenue share withholding...but last year's money was handed out without issue. Outgoing B12 commish Bob Bowlsby said that at the time, it wasn't clear that Texas and OU were leaving so soon. I guess the B12 would have had to sue both universities for that $60M.