GoSU96
Living Legend
- Joined
- Aug 17, 2011
- Messages
- 21,608
- Like
- 42,161
Damages are going to be determined by the contract. Without reading the article or the agreement my guess is whatever the arrangement is with ND there will be an exclusion of speculative, indirect, and consequential damages. Profit isn’t an issue.It is going to be interesting to see what role that clause in the GOR specifically for ND football plays in what ND does for the next 14 years.
I think Terry and nd1973 should take it more seriously.
Question for lawyers:
How does standard law work when it comes to a party clearly violating a contract like the ND fan boys are saying the Irish are going to do?
Isn't the penalty related to the damages breaking the contract will cause to the other party?
If the ACC schools are getting $40 million per a year now and if ND joined, it was determined the ACC payout would increase to $70 million, are the damages then
$30*14 (number of schools in the ACC affected) * 13 (number of years of revenue that would be affected?
That number is just under $5.5 billion. Is that what ND would be on the hook for? What does the law say?
most likely any program is free to leave with payment of a fixed amount to terminate their association with the conference. That is essentially a form of liquidated damages and the conference and remaining members have no further claims.