OrangePA
Living Legend
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- Aug 24, 2011
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How can you not care about the "why?" The "why" is the whole basis of "when" a stipulation is met.
The exit fee for West Virginia was $5 million and 27 months notice. The reason for the settlement was because of the possibility of punitive damages for West Virginia breaking the 27 months notice, not because of the exit fee. That's wholly relevant because negotiating an exit fee isn't the same as collecting damages for breaking the contract to begin with.
Regardless, Maryland will not, and I will state this emphatically because I have a high level of confidence, will not wind up paying anywhere near $50 million. The punitive nature will have that tossed out if it's challenged, but it won't likely get that far. I imagine you'll wind up seeing about half of that paid -- about $15 million by Maryland and $10 million by the Big Ten. But it won't be a total of $50 million.
WVU paid not to avoid punitive damages but to get out in time for the 2012 season in accordance with the Big XII offer.
MD is not leaving.
But if it were to go it would pay more than $50 million.
The exit figure does not violate the Sherman Act- it is not an unreasonable restraint of trade
- it would not be set aside because it is a reasonable restriction on movement and that is permitted.