Reply to thread

Message

[QUOTE="HRE Otto IV, post: 4748344, member: 5685"]
1. The B12 schools all agreed to the 99 year. You can look this up.

2. The B12 bylaws state any team leaving owes 2x revenue ($80M). You can easily look this up.

3. No one has reported that the $50M exit fee is all TV/GOR. You can also look this up. The 2x TV is internet folklore. Why are people spreading fake news?

4. The B12 had them on the hook for $80M each and a buyback for TV/GOR and settled for $50M.

5. The hold up in leaving early was FOX and not the B12. This can also be easily looked up.

6. The B12 sold the TV rights. They did not own them. ESPN and FOX did. As long as the TV contract didn’t decrease, the B12 could not claim damages or need compensation. This is also the case for the ACC Tier 1/2. The Tier 3 (ACCN) would require compensation though.

7. ESPN did not require compensation. This would be the case if an ACC team left for the SEC too.

8. FOX wanted compensation. Reportedly they took $10M per team for the half share that they owned. Which means a full share is $20M not $50M.

9. The settlement was was leaving the B12. Not just for leaving early. Not just for one year of TV rights. You can easily look this up. Saying otherwise is completely false.
[/QUOTE]

Verification

What is a Syracuse fan's favorite color?