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Message: [QUOTE="IthacaMatt, post: 26670, member: 405"] Summary - Big East was thisclose to breaking up in 2003. Shaw suggested that negotiations with the basketball onlies be undertaken to start the process, and it seemed destined to happen to the football representatives in the room, 8 years ago. In addition to Jake threatening to resign if they went to 16 teams, Father Leahy of Boston College agreed, and was strongly against it. Tranghese offered to resign because of his inherent conflict of interest. They talked him out of it and offered him a 2 years contract w/ a possible 1 year extension. Marinatto attended these meetings, as Tranghese's second in command. Formal efforts were made to reach out to Penn State and Notre Dame again. Serious, private converastions. So, FYI, if the ACC were to approach Penn State about membership, it wouldn't be the first time that people were asking them if they were *really* happy in the Big 10. Of particular interest to me, being a lawyer - the Big East wasn't even formally established as an organization as recently as 2003. It was an informal confederation; there was no separate actual entity that existed. This is quite remarkable, if you think about it. They were talking about just beginning to set up a 501 (c)(3) entity - a not for profit - in 2003, after the raid !!!! For those of you who say, "so what?" - ask yourself, 1. How were TV contracts negotiated? Who was the party that signed for "The Big East", when the "Big East" was not offically an entity? How was Tranghese and his staff paid? What about the trademark and copyright rights in the Big East logo, name, records, goodwill in the business, etc.? How do you have any of these things without having an actual business entity to which they belong? [/QUOTE]

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