Blog Entry

Big East, WVU reach $20M settlement

Posted on: February 9, 2012 10:00 pm
Edited on: February 10, 2012 9:41 am
 

West Virginia and the Big East Conference have reached a verbal agreement that would compensate the Big East $20 million and allow the Mountaineers to join the Big 12 Conference this season, college football industry sources told CBSSports.com.

On Wednesday, CBSSports.com first reported the Big East Conference and West Virginia were nearing a settlement of at least $20 million that would resolve all issues between the two parties. That settlement was reached one day later.

"It probably will be officially done [on Friday]," a source told CBSSports.com.

The Charleston Daily Mail first reported Thursday night that West Virginia and the Big East had reached a $20 million “conditional agreement.” West Virginia must pay the Big East $11 million and the Big 12 Conference would be responsible for the remaining $9 million, the Daily Mail reported. Acting Big 12 commissioner Chuck Neinas said recently the Big 12 would consider assisting the Mountaineers with their exit fees, if they asked.

It’s unknown if the $20 million is in addition to, or includes, the $5 million exit fee that West Virginia initially paid when it announced in October it was withdrawing from the Big East to join the Big 12 in 2012 and would not honor the league’s 27-month notice requirement before leaving.

Besides the $11 million it must pay the Big East, West Virginia also owes Florida State $500,000 after last week canceling a Sept. 8 game in Tallahassee. FSU athletic director Randy Spetman told the Orlando Sentinelhis school might also seek liquidated damages against WVU if a comparable opponent can not be found.

Last week the Big 12 Conference indicated it had provided its television partners with its 2012 football schedule and that West Virginia was on it. The league also is expected to release the schedule to the public on Friday.

CBSSports.com previously reported that West Virginia officials had contacted future Big East members to see if one could join the Big East in 2012, instead of 2013, to lower the amount of financial hardship to the league and also likely reduce the amount of West Virginia’s settlement with the league.

The Daily Mail reported that West Virginia’s $20 million settlement would not increase if the Big East is unable to find a replacement for the Mountaineers this fall.

Boise State is the most likely candidate to join the Big East a year early. Sources told CBSSports.com that Boise State has had discussions with the Western Athletic Conference to determine if its Olympic sports teams could join the WAC in 2012 so the Broncos’ football program could join the Big East this fall.

Boise State would have to pay the Mountain West about $7 million to $9 million to join the Big East in 2012, instead of 2013. Last week, Boise State president Bob Kustra told the Idaho Statesman it was "too late" for the Broncos to join the Big East in 2012. However, sources said they were skeptical of Kustra's comments and believe Boise State will be playing in the Big East this fall.

On Wednesday’s teleconference to announce Memphis as the Big East’s newest member, Big East commissioner John Marinatto would not comment on if the league would have a new team added for 2012 or when he expected the issues between the league and West Virginia to be resolved.

With the legal issues behind them, the Mountaineers officially will join the 10-team Big 12 Conference on July 1 along with TCU. The remaining Big 12 members are: Baylor, Kansas, Kansas State, Iowa State, Oklahoma, Oklahoma State, Texas and Texas Tech.

Comments

Since: Jan 29, 2008
Posted on: February 10, 2012 9:38 am
 

Big East, WVU reach $20M settlement

You will eventually be back to Tampa to play the Bulls and to be sure we will give you a warm welcome but for now..... kiss ass 
Back to Tampa to recruit players that want nothing to do with Drive Thru U, you are correct.  The only time your home games were half full was when we came to town, or another FL school.  And "Kiss Ass"???  What are you, 10 years old?



Since: Oct 4, 2010
Posted on: February 10, 2012 9:32 am
 

Big East, WVU reach $20M settlement

usbummer, I like UL for personal reasons ( short road trip/ nice border rivalry) but for the conference IF it could be done Clemson and FSU would be my first gets. The FSU move gets The B12's footprint in Florida ( like the SEC got theirs in Texas) and FSU doesn't have to fight UF, UGA, ect.. To get in a better football conference. Clemson has the good fanbase, good history and puts another footprint in the middle of the southeast part of the country where football is taken very seriously, no reason to think they wouldn't be a great asset. If the moves continue to 14, I could see Cincy, UL , FSU, Clemson going B12 and the ACC getting RU and UConn. IMHO the BigEast is still in the crosshairs.



Since: Nov 3, 2007
Posted on: February 10, 2012 9:28 am
 

Big East, WVU reach $20M settlement

Didn't the SEC cherry pick the Big 12 just last year?  If Clemson and FSU didn't go to the SEC they sure aren't going to the Big 12...Big 10...Big 9....Big 8....Big 10.  You need a program to keep up with the number of teams and who's a member and who's no longer a member of this shaky conference. 

Texas Tech and West Virginia aren't going to make the Big 12 a stable conference.  The PAC 12 is still a threat to raid the B12 for Texas, Oklahoma and OK State while Texas could still wind up in the Big 10 or even The ACC.  They were talking to the ACC before they added Pitt and Syracuse, remember?  Now I don't see Texas going to the ACC but it's a lot more likely than Clemson or FSU going to the Big 12.  What would they gain other than an outragous travel bill?  They'd more likely move to the Big 10, a stable conference but I don't see them going anywhere.  
 



Since: Oct 18, 2008
Posted on: February 10, 2012 9:21 am
 

Big East, WVU reach $20M settlement

Welcome to the Big 12. Glad to see mizzu and am leave West Virginia will be a better member and bring more to the table.



Since: Jun 11, 2011
Posted on: February 10, 2012 9:21 am
 

Big East, WVU reach $20M settlement

Spagsman-What you fail to realize is even if your bitter prediction comes true, it is still a way better position than we were in.  Just go get mopped up by the SEC and don't worry about the Big 12 any longer.  You left, now move on.  

As for the Big 12, couldn't be more excited, and almost every person on these boards at a current Big 12 school has been very nice and welcoming.  I know that will all change when the games start, but we can't wait to have you all in Morgantown and visit some of the great campuses of the Big 12.

You will eventually be back to Tampa to play the Bulls and to be sure we will give you a warm welcome but for now..... kiss ass Tongue out



Since: Jan 29, 2008
Posted on: February 10, 2012 9:12 am
 

Big East, WVU reach $20M settlement

Hey WVU fans, nice move to a better league. You heard it heatr first that eventually, you will find the milk you suck from the Longhorn tits will spoil and go very sour. Your are now their Lackey. Hope it works out for you. Suckers
Spagsman-What you fail to realize is even if your bitter prediction comes true, it is still a way better position than we were in.  Just go get mopped up by the SEC and don't worry about the Big 12 any longer.  You left, now move on. 

As for the Big 12, couldn't be more excited, and almost every person on these boards at a current Big 12 school has been very nice and welcoming.  I know that will all change when the games start, but we can't wait to have you all in Morgantown and visit some of the great campuses of the Big 12.



Since: Jun 11, 2011
Posted on: February 10, 2012 9:08 am
 

Big East, WVU reach $20M settlement

 Please come back to the AA,s blog and Tell everybody how it feels being in the middle of the pack And also when you get your asses kicked anually by the Sooners and the Long-Horns ...and say good-bye to winning conference championships .  PS be sure to get knee pads as you will be knelling before Texass...and you think fat man is bad ?



Since: Jan 6, 2012
Posted on: February 10, 2012 9:05 am
 

Big East, WVU reach $20M settlement

Hey WVU fans, nice move to a better league. You heard it heatr first that eventually, you will find the milk you suck from the Longhorn tits will spoil and go very sour. Your are now their Lackey. Hope it works out for you. Suckers



Since: Jan 26, 2012
Posted on: February 10, 2012 8:50 am
 

Big East, WVU reach $20M settlement



That was actually addressed about a month or two agao. I think the NCAA upped the stippend they can give student-athletes for living expences to $2000 (per semester?). Ironically if they had done this a couple years ago, there are about 3 schools that would have far lesser sanctions, and Jim Tressel could prossibly still be coaching at OSU.



Since: Mar 8, 2008
Posted on: February 10, 2012 8:49 am
 

Big East, WVU reach $20M settlement

usbummer... thanks for the welcome!  I am positive that every West Virginia fan is quite excited to be playing sports in the Big XII Conference this fall.  As to your question regarding some local teams that WVU may like to see in the Big XII, my guess would be Louisville and Cincinnati but I do like the rumor you mentioned about Florida State and Clemson as well.

It is indeed a great day to be a Mountaineer... wherever you may be!  Looking forward to some great road trips and Big XII tailgating with all of you!


The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com