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: Sep 2, 2011
Posted on: February 10, 2012 4:48 am
 

Report: Big East, WVU reach $20M settlement

West Virginia gone in 2012. Cuse and Pitt will bolt in 2013 instead of 2014 since the Big East will add a crap load of teams. Cincy and Louisville better hope the Big 12 wants to get to 12 again. UConn... time to kiss and make up with BC or your ass is stuck in purgatory. Rutgers... you can ride UConn to the ACC or hope ND finally joins the Big Ten and follow them. The end of this mess is almost here. FINALLY.



Since: Mar 15, 2009
Posted on: February 10, 2012 4:07 am
 

Report: Big East, WVU reach $20M settlement

I'm very happy that they ruled WVU had to pay some big bucks to leave the conference! oh the irony of scumbag WVU leaving for money when in fact they will ave to pay alot just to leave. I hope wvu's program falls into the ground. They can burn in hell along with Cuse and Pitt leaving for money is pathetic.



Since: Feb 11, 2009
Posted on: February 10, 2012 3:32 am
 

Report: Big East, WVU reach $20M settlement

Okay, West Virginia is leaving the Big East already.  They've set their sights on a real conference, a true football conference.  Boise State wants to join the football part of the Big East.  Could they get on with it and stop making this about money?  Nothing turns the fans off so much as everyone wanting to grab the biggest fianancial piece possible. 



Since: Feb 10, 2012
Posted on: February 10, 2012 2:39 am
 

Report: Big East, WVU reach $20M settlement

One other thing Bosie St. travels all over the country to play top leval compention year in and year out the only other reason I can not see them playing Fla St. is to much travel this year , and that would be it , they would be fools not to take this game just for the national exposure itself . I mean they are already going to a better confrence then what Fla St. is playing in right now , its sad but true Fla St. isnt what they used to be and Bosie is very underated this would be like a early christmas present to them all the nat. exposure they wanted and a chance to prove they can play with the big dogs but they can beat them also .



Since: Feb 10, 2012
Posted on: February 10, 2012 2:25 am
 

Report: Big East, WVU reach $20M settlement

 Why is it that you think that Bosie wil not play Fla St. . Let me guess you are a fan of Fla St. , and they are so much above and beyond better than Bosie St. is right . Wrong answer think of who Bosie st. has played over the last few years not only in bowls but out of confrence ,and they do try to scedule anyone that will play them , Georgia pretty much at there place and stomped them this year , barely lost to Va Tech what I personally thought was some bad calls in that game that was 2 or 3 years ago . Okla and beat them in there bowl try a 74-6 record over that span , and you say Bosie St. will not play Fla St. I will tell you my reason why they will not play them its not because they will prove to the whole country not only will they hang with the mighty seminoles . but if Fla St. plays them the 2nd year they will beat them and Fla St. is not wanting any team like a Boise St. to beat them . So I do agree with you Bosie probably will not play them due to Fla St. being beat by a team like a bosie St. , see you guys wanted a replacement for WVU and you have 1 sitting right there and are afraid of it hurting youre recurting and you becoming back to the promised land as all of youre fans think . I will say this i think coach Peterson is one of the greatest coaches out there and I see no reason that they would not love to play a team like the Seminoles all it does is give them national exposure , esp. when they will and due beat them if not this year next or and yes I will say BOTH YEARS . now thats how confindent I am of this team and how little I think of any team from that garbage of a basketball confrence the mighty ACC .



Since: Oct 28, 2006
Posted on: February 10, 2012 1:09 am
 

Report: Big East, WVU reach $20M settlement

Do you know who Boise plays at the start of next year???  Michigan ST!!!!  How did they do last year?  Think before you open your mouth.



Since: Dec 7, 2011
Posted on: February 10, 2012 12:33 am
 

Report: Big East, WVU reach $20M settlement

when you are a college like wvu, somebody has gone tothe school, made a boatload of money, and is available ( if the administration asks him just right) to make a donation. or 2 or 3 guys.  



Since: Aug 9, 2011
Posted on: February 10, 2012 12:06 am
 

Report: Big East, WVU reach $20M settlement

I think it's only right to let WVU go and they might as well let Pitt and Cuse go too, but the whole thing stinks.  As a Pitt fan, I will miss the Backyard Brawl and like so many other great games, it will be gone for the love of money.  It sucks because it used to be about the love of football, but in todays age of paper champions and store-bought championships, everything is about the money now.  



Since: Nov 29, 2006
Posted on: February 9, 2012 11:59 pm
 

Report: Big East, WVU reach $20M settlement

The obvious thing would be for Boise to assume West Virginia's Big East schedule, including the Florida State game. That way everybody is happy. Fat chance of that happening though. No way Boise will take that Fla State game. They like to talk the "anybody, anyplace" nonsense, but it's only talk. Don't agree? Watch and see. If Boise does come to the Big East next season, they won't assume that Florida State game. Guaranteed.



Since: Feb 6, 2011
Posted on: February 9, 2012 11:57 pm
 

Report: Big East, WVU reach $20M settlement

The NCAA and these so called Higher Institutions of Learning are run by a bunch of greedy, money grubbing, arrogant crooks and pimps!!
The only God they serve is printed on hard, fast and dirty American currency!!!!
And  some of us thought Welfare was dead and buried!!!
The NCAA, IRS and CONGRESS are cut from the same cloth - all POS!!!


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