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Message: [QUOTE="HtownOrange, post: 1079931, member: 622"] Thank you for responding. Over the past couple of years, you are the FIRST person to post a serious comment via an FSU official opposing the matter due to the excessive exit fee. I would like the BOT Chair to comment now that the GOR is in place and is far more excessive than the 3X annual TV payout exit fee (the exit fee is now $62.4MM, 3 X $20.8MM payout). My guess is that he was playing to the base and had not actually reviewed any real data, thus his admission that he was making a personal statement and had not talked to lawyers. Cheesy at best and not a member of the negotiating team, but I give you some credit as he was the incoming chair at the time. Also, I point out that ND was part of the deal. ND wanted everyone to commit and is under the same $50MM exit fee as every other school, even though they get a proportional payout and are not members in football. I think if ND has a much higher proportional exit fee than every other school since their football is not a part of the equation. Do you honestly believe the B1G would not sign an exit fee of $50MM to get ND? I think they would sign a $100MM exit fee if Delaney could have landed ND. Your stability argument is irrelevant. The ACC wanted a better TV deal and had to provide some show of security. The ACC wanted this and this is how they decided to provide security and to show they were serious partners for a better TV deal. The exit fee is not a simple exit fee in a vacuum. There are far more variables in the equation and the exit fee is way of simplifying total damages, called liquidated damages, wherein each party agrees that if they break the deal, this is what they will pay. Both Maryland and FSU had approved of the bylaws and the vote used an alternative voting method (upheld in court), so in the net effect, both approved the increased exit fee as neither notified the ACC they would withdraw over the issue (or shortly thereafter). [/QUOTE]

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