Question: Conference Revenue

[HoustonCuse]

With WVU making their deal to pay $20M to get out of the Big East, what happens to that money? Do the teams in the conference all get a cut? Does it go into the Big East's "petty cash" fund?And most importantly - if it is divided out amongst the schools - do SU and Pitt get a cut? They certainly should as they are still members and are affected by WVU leaving just like the rest are (at least for 1-2 years).

 

[edowd26]

good question... Mike Tranghese was just spotted whaling in Providence in this

while eating

and giving BE football schools this

 

[pfister1]

With WVU making their deal to pay $20M to get out of the Big East, what happens to that money? Do the teams in the conference all get a cut? Does it go into the Big East's "petty cash" fund?And most importantly - if it is divided out amongst the schools - do SU and Pitt get a cut? They certainly should as they are still members and are affected by WVU leaving just like the rest are (at least for 1-2 years).

Money is going to be used to pay MAC schools guarantees to allow Big East football teams to go play the MAC schools in their stadiums.

 

[All4SU]

SU and Pitt should definitely be cut in on the WVU $. If they make us stay, we should receive all member benefits until the time we leave.

 

[arbitragegls]

I believe, 'Cuse and Pitt do not receive any $$$$ for teams coming and going...just as 'Cuse and Pitt have NO SAY at the table of what the BE conference will do...'Cuse and Pitt are no longer considered voting and $$$ share members except for media $$$$

 

[omniorange]

I believe, 'Cuse and Pitt do not receive any $$$$ for teams coming and going...just as 'Cuse and Pitt have NO SAY at the table of what the BE conference will do...'Cuse and Pitt are no longer considered voting and $$$ share members except for media $$$$

This is what I have seen as well.

But for the OP, does it really matter that we won't be getting a cut of it anyway?

Also, it is my understanding that when Pitt and SU do enter the ACC, they will go three years at a reduced payout (this is usually between 70-75% of a full share), which will make the current ACC members' take slightly larger over 2013-14, 2014-2015, and 2015-2016 than it will be when the Orange and the Panthers begin getting a full share in 2016-2017.

Cheers,
Neil

 

[HoustonCuse]

This is what I have seen as well.

But for the OP, does it really matter that we won't be getting a cut of it anyway?

Also, it is my understanding that when Pitt and SU do enter the ACC, they will go three years at a reduced payout (this is usually between 70-75% of a full share), which will make the current ACC members' take slightly larger over 2013-14, 2014-2015, and 2015-2016 than it will be when the Orange and the Panthers begin getting a full share in 2016-2017.

Cheers,
Neil

I'm not sure if it matters or not. It occurs to me that these institutions would generally run over their grandmothers to pick up a nickel laying on the sidewalk so I suspect it matters to them... My feeling is that NO SU will not get a cut, because it probably is unseemly that the BE pays us 20% of our exit fee the year before we leave, but given that status - we should be in no generous mood about staying the full 27 months.

 

[DNABB5]

I believe, 'Cuse and Pitt do not receive any $$$$ for teams coming and going...just as 'Cuse and Pitt have NO SAY at the table of what the BE conference will do...'Cuse and Pitt are no longer considered voting and $$$ share members except for media $$$$

This is exactly what the contract said.

.

 

[stuckinbig11]

Marinatto retirement fund