arbitragegls
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from source and various other information...the old BE and Catholic 7 did not agree on Friday about the split because of the dollars involved and which teams and conference get what:
1. There appears to be nearly $100,000,000 to distribute
2. The old BE offered the Catholic 7 $10,000,000 to $20,000,000 plus the BE NAME
3. The Catholic 7 want $30,000,000-$40,000,000 plus the BE NAME
4. UCONN, Cincy, and USF stand to receive as much as $20,000,000 each if #2 stands
--quite a gift to the 3 football schools
--and the new old BE teams get nearly $0 and arent happy...
So the break-up of the BE is based on $$$ again...don't forget that the bball schools were unanimous in voting against the original ESPN offer of $130,000,000/yr new contract. It is interesting that these universities now want more dollars from the pool of dollars the BE presently holds from exit fees and NCAA credits.
What appeared to be a clean break a few days ago may now come down to messy negotiations that could take a bit longer than expected--I mean FOX which now owns the Catholic 7 was going to announce the conference as part of their new Sports channel tomorrow. So maybe that will not be part of the announcement.
Bottom line is that college sports and particularly football is a big time business...generating lots of money...and the only entity not chiming in is the govenment...lots of potential tax dollars not being generated by not for profit status of universities (this may change in the future)...but in the meantime, college sports is all about the dollars and nothing else...so much more fun as a fan back in my day--10 to 30 years ago!
1. There appears to be nearly $100,000,000 to distribute
2. The old BE offered the Catholic 7 $10,000,000 to $20,000,000 plus the BE NAME
3. The Catholic 7 want $30,000,000-$40,000,000 plus the BE NAME
4. UCONN, Cincy, and USF stand to receive as much as $20,000,000 each if #2 stands
--quite a gift to the 3 football schools
--and the new old BE teams get nearly $0 and arent happy...
So the break-up of the BE is based on $$$ again...don't forget that the bball schools were unanimous in voting against the original ESPN offer of $130,000,000/yr new contract. It is interesting that these universities now want more dollars from the pool of dollars the BE presently holds from exit fees and NCAA credits.
What appeared to be a clean break a few days ago may now come down to messy negotiations that could take a bit longer than expected--I mean FOX which now owns the Catholic 7 was going to announce the conference as part of their new Sports channel tomorrow. So maybe that will not be part of the announcement.
Bottom line is that college sports and particularly football is a big time business...generating lots of money...and the only entity not chiming in is the govenment...lots of potential tax dollars not being generated by not for profit status of universities (this may change in the future)...but in the meantime, college sports is all about the dollars and nothing else...so much more fun as a fan back in my day--10 to 30 years ago!