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
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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.
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Comments

Since: Jun 5, 2011
Posted on: February 8, 2012 11:06 pm
 

Big East, WVU near $20 million settlement

That's a lot more money than they stole from Rich Rod.  I guess what goes around really does come around sometimes.  If it really does, though, WVU will be the Big 12's resident tomato cans.  Actually, they might be the Big 12's resident tomato cans regardless.  They were smart to chicken out of their game with FSU: now they have a small chance of getting to a bowl next year.



Since: Feb 6, 2012
Posted on: February 8, 2012 11:05 pm
 

Big East, WVU near $20 million settlement

You should know, godfather, having watched me hot box you mommy's titties---you ol' perv!



Since: Nov 12, 2006
Posted on: February 8, 2012 10:54 pm
 

Big East, WVU near $20 million settlement

So do you soft lips!



Since: Feb 6, 2012
Posted on: February 8, 2012 10:36 pm
 

Big East, WVU near $20 million settlement

So does your mom, duddy2424, but we don't make a point to announce it to the world. You experiencing some self esteem issues, bro.?



Since: Jul 9, 2008
Posted on: February 8, 2012 10:13 pm
 

Big East, WVU near $20 million settlement

west virgina blows



Since: Feb 6, 2012
Posted on: February 8, 2012 9:59 pm
 

Big East, WVU near $20 million settlement

So According to this Buford62 twit who has some kind of serious jealousy hang up, the Virginia Tech CHOkies are worth a good penny more than the WVU Mountaineers. Wow---am I ever glad to know this, because it just goes to show that money isn't everything. Here WVU isn't worth half of Florida St. yet the Mountaineers have more BCS Bowl victories than the ENTIRE ACC conference. Instead of walking around all cocky each year because your CHOkies pull in ten or eleven wins from beating chump teams, try humbling yourself and talking the players into having a little heart. An awful lot of talent goes through Virginia Tech for you guys to be 1-5 in BCS Bowl games. Maybe it's time for a new approach. You could start by getting a grip on that jealousy of yours. It's really unbecoming.



Since: Jun 3, 2011
Posted on: February 8, 2012 9:54 pm
 

Big East, WVU near $20 million settlement

The inevitible is going to happen as predicted, Country Roads take me home to the Big 12.  There is too much money at stake with the TV contracts that the Big 12 will help WVU pay this debt to get out now.  For those of you keeping score $20 million would be right around the $5 million buyout and the $15 million the Big East will lose by not qualifying for the BCS bid next year with only 7 teams.  One more year would have been doable if Missouri hadn't left this year, the TV contracts require 10 teams to kick in and WVU is the 10th team. 



Since: Oct 4, 2010
Posted on: February 8, 2012 9:52 pm
 

Big East, WVU near $20 million settlement

Wow, with Florida State's 267 million dollar worth and Clemson's 180 million dollar worth, according to your post, the Big 12 could be sitting pretty

yea, 14 is just too many, lets see what we can do about that shall we?Cool 



Since: Oct 26, 2011
Posted on: February 8, 2012 9:50 pm
 

Big East, WVU near $20 million settlement

11 MILLION IS CLOSER TO THE REAL FIGURE.HELL WVU COULD BUY THE BIG EAST FOR 20 MILLION.HEHEHE



Since: Nov 10, 2011
Posted on: February 8, 2012 9:46 pm
 

WVU gone was a given from Day 1

Anyone who thought otherwise just didn't know. They haven't been calling it the Big East Farewell Tour for nothing up in Morgantown.


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