Blog Entry

Big East, WVU near $20 million settlement

Posted on: February 8, 2012 4:07 pm
Edited on: February 8, 2012 9:15 pm
 

West Virginia and the Big East Conference are nearing agreement on a settlement worth at least $20 million that would resolve all issues between both parties, college football industry sources told CBSSports.com.

The Mountaineers will join the Big 12 for the 2012-13 school year. However, in a bizarre twist, sources told CBSSports.com that West Virginia officials have contacted future Big East members to see if one could join in 2012 instead of 2013.

The reason is that with West Virginia’s departure to the Big 12, the Big East will be left with only seven football members this fall. Without an immediate replacement for West Virginia, the remaining Big East schools will be scrambling to find a 12th opponent. It’s unknown why West Virginia would assist a league that WVU athletic director Oliver Luck compared to “a ship … seriously going down,” except that it could lower West Virginia’s buyout, sources said.

Luck did not immediately respond to an e-mail seeking comment.

Despite lawsuits filed by West Virginia and the Big East, West Virginia still plans to join the Big 12 this year. The Big 12 has already sent its 2012 schedule, with West Virginia on it, to its television partners and is expected to publicly release the schedule this week.

While WVU has always planned to join in 2012, Big East commissioner John Marinatto has stated on multiple occasions, including Wednesday, that the league would require West Virginia to honor the league’s 27-month exit agreement. However, sources said privately the league has conceded they can’t stop West Virginia from leaving.

The Big East, though, likely would receive substantial monetary damages. Even Florida State athletic director Randy Spetman said his school might seek liquidated damages against WVU after WVU canceled a Sept. 8 game at Florida State, the Orlando Sentinel reported.

The $20 million settlement figure is believed to be contingent on the Big East being able to get a replacement for West Virginia in 2012 and certainly could increase if it had to play with only seven members in 2012. It’s unknown if that $20 million figure includes the $5 million West Virginia paid upon notifying the Big East last October it was bolting to the Big 12.

Acting Big 12 commissioner Chuck Neinas recently told the West Virginia media that the Big 12 would consider assisting the Mountaineers financially with their exit fee, if the school asked.

Marinatto, who was on a teleconference Wednesday to announce Memphis joining the league in 2013, would not comment on whether the Big East is trying to bring in a member in 2012 or if they would help a future member financially to leave its current conference home.

“The question is related to the impending litigation we're involved in on two fronts," Marinatto said. "It would be inappropriate for me to get into specifics about all of that at this point. I'm going to not talk about that."

Boise State, San Diego State, UCF, SMU, Houston and Memphis are scheduled to join the Big East in 2013 with Navy coming on board in 2015. Marinatto added the Big East would not stage a conference championship football game until 2015 when Navy would - at least for now - become its 12th football playing member.

Also, Wednesday night, the Newark Star-Ledger reported that if the Big East does not find a replacement for West Virginia this fall, then Syracuse and Rutgers could play each other twice with both games counting in the conference standings. One game would be played at Rutgers and the second game possibly at Yankee Stadium.
Comments

Since: Dec 20, 2011
Posted on: February 9, 2012 1:05 pm
 

Big East, WVU near $20 million settlement

Dear mountyneers - just a few thoughts on your position:

1) You're paying $20 mil to go from an unstable conference to another unstable conf that is controlled by 1 school (how smart is that?)

2) You're going from a cupcake conference where the least worst team gets to go to an undeserved BCS, to a confereence where
you will actually have to EARN your victories (you will probably average 5-6 wins a year from here on out)

3) You should be happy (for now) that another conference actually wanted you (as NO ONE else did) although if other conferences decide to come raiding again to destroy the fledgling B12, you'll probably end up outside looking in again. 

4) You aren't selling out all of your home games now, so how do you expect the fan base to travel halfway across the country to see you play Iowa State? (Natural rivalries = NONE)

5) You probably should've stayed put since you aren't used to playing more than 1 ranked team a year in the regular season...you have won a couple of bowl games but before the anomaly in the Orange Bowl this year you were 0-2 the previous two against very mediocre ACC schools (you seem to have forgotten about that).

So cheer now and punk all those who remain part of that chip on your shoulder...I just don't see this as a very wise decision...just sayin









Since: Jul 9, 2010
Posted on: February 9, 2012 12:59 pm
 

Big East, WVU near $20 million settlement

usbummer...........Thanks for your post concerning my sources for FSU and CLEMSON.  These sources were reliable information within the Athletic Depts. themselves.  As for the information of the FOOTBALL WORTH of; FSU=$267 MILLION; VIRGINIA TECH=$213 MILLION; CLEMSON= $180MILLION; and WEST VIRGINIA=$133 MILLION; This information comes from the WALL STREET JOURNAL by Darren Everson in Jan. 2012 edition of the paper.  I respect your imput also usbummer and your team.  I have many friends who are WVU fans and graduates. I only take up for the ACC and it's member teams, when they are being bashed by a small group of WVU diehards and ACC haters.  As of lately, it seems these WVU diehards want to delibertly bash the ACC, FSU, VT and CLEMSON.  Yeah, you put 70 points on CLEMSON in football in a BCS game, and congratulations to your players and coaches, it was a super big win.  But you got pounded at Home by LSU, who could hardy cross the 50 yard line aganist ALABAMA in the NCG; then you got pounded by Syracuse; and finally you got beat by Louisville 38-35 in regular season.  Again, your win aganist CLEMSON in the ORANGE BOWL was huge for your program.  I don't know if CLEMSON overlooked your program or not, both schools had over 30 days to prepare for each other, and WVU was ready from start to finish in that game.  Good Luck to you guys next year in the BIGXII.  


LuciaJobs
Since: Feb 9, 2012
Posted on: February 9, 2012 12:49 pm
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Since: Aug 13, 2011
Posted on: February 9, 2012 12:46 pm
 

Big East, WVU near $20 million settlement

@Rodney: I'm not sure that the football TV revenues are similar or will be similar. From what I have read, after things settle down and tier 1 revenues have been divided up, the Big 12 could be offering in the neighborhood of $35 million compared to the ACC's $16 to $17 million per game. I don't know where these figures come from as I am no accountant, but they have been publically posted. If these figures are correct, that is a mighty temptation of an ACC team to jump to the Big 12. ANd to the poster who is LMAO, just remember, he who laughs last, laughs best and that Crow is a mighty bitter dish to eat. I am no fortune teller, just saying ...



Since: Aug 8, 2011
Posted on: February 9, 2012 12:15 pm
 

Big East, WVU near $20 million settlement

So, how is the weather in your world today?



Since: Oct 23, 2011
Posted on: February 9, 2012 12:11 pm
 

Big East, WVU near $20 million settlement

I doubt if Clemson would join the Big 12, they want no part of having to play WVU again.
The reports coming out of South Carolina are saying that Dabo Swinney is suffering from nightmares, he is waking up at night in a cold sweat and shouting. WHO DAT!! WHO DAT!! WHO DAT!! that put 70 on our sorry butts.



Since: Dec 16, 2011
Posted on: February 9, 2012 12:10 pm
 

Big East, WVU near $20 million settlement

The television deals the Big XII and ACC have for football are similar. Basketball....Sorry Big XII. No school is going to leave a stable proactive conference like the ACC for a unstable confernce controlled by 2 schools like the Big XII for less money. The SEC is the only conference that could poach a ACC school. And Florida doesnt want Florida State in the SEC.



Since: Feb 6, 2012
Posted on: February 9, 2012 11:42 am
 

Big East, WVU near $20 million settlement

Hey Cubs Fan---the SEC did come calling and the Virginia Tech CHOkies said "HELL NO"! Frank Beamer knew that his precious ten or eleven win seasons would come to an abrupt end if he had to play in a real conference. Try six or seven wins per season then. But Clemson and FSU are different beasts. They realize that playing in a conference where the conference champ gets smoked 70-33 in a  BCS Bowl game HURTS recruiting in the long run (maybe not FSU so much due to locale) and HURTS the reputation of their programs. And then there's the money thing as well. I don't see them defecting from the ACC as a likelihood, but ANYTHING is a possibility in college football these days. If you don't get that from Boise St. joining a conference on the EAST coast, then you my friend need to re-consider your use of the word stupid and think about applying it to yourself.


LuciaJobs
Since: Feb 9, 2012
Posted on: February 9, 2012 11:17 am
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Since: Sep 22, 2011
Posted on: February 9, 2012 10:56 am
 

Big East, WVU near $20 million settlement

Depends.  How much money does each ACC team get from it's media deal?  If the money is there I could see defections taking place, especially in light of the fact that the Big 12 would be a step up in competition for them. 


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