Blog Entry

Big East, WVU reach $20M settlement

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

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Comments

Since: Oct 4, 2010
Posted on: February 13, 2012 11:13 am
 

Big East, WVU reach $20M settlement

Yep missed that but still, he won't get them there either L



Since: Jan 22, 2012
Posted on: February 13, 2012 9:42 am
 

Big East, WVU reach $20M settlement

usbummer, that's why I say they'll "make a pass" at BYU.  I don't think BYU will agree to terms with anyone.  If a desperate Big East couldn't pull them, then I can't imagine any conference bringing them in.  You'd have to agree to their terms 100% or no deal.  No one is going to do that.

Louisville just makes sense.  They have a decent program, market and following.  They're not going to be a liability.  I'm not sold on Cincinatti, mostly because they have the same problem as Pitt.  They're a pro market and don't get much local support.  As for Pitt, they're going where they want to be.  If the Big XII were to raid the ACC I'd prefer a better program, market, and fanbase.  I think Pitt's program is going to get better with Chryst, but you already have the Pittsburgh market with WVU.  The fans, as I said before, are Steelers first and Panthers if they win.

There has been talk at FSU and Clemson looking into the Big XII, but I'm not sure I buy it.  There's always Rutgers.  :)  Yeah, I know, but how can you go wrong walking into a meeting with TV execs saying "We have access to NYC"?  lol



Since: Oct 23, 2011
Posted on: February 13, 2012 8:58 am
 

Big East, WVU reach $20M settlement

I didn't write USC in the NC if you look you will see that its says the Fiesta Bowl. 



Since: Aug 13, 2011
Posted on: February 13, 2012 8:41 am
 

Big East, WVU reach $20M settlement

They will of course make another pass at BYU.  I just don't see ND going anywhere but the B1G.  So BYU and U of L are likely their best plays.  Maybe they want to wait for the Big East to turn Memphis into a super power.  :)
I hope the Big 12 does not make another play for BYU. Their refusal to travel or play on Sundays would make Big 12 scheduling much more difficult than it needs to be. I respect their right to their own religious beliefs, but I do not respect their right to allow their religious beliefs to hold an entire conference hostage to them, even for one day.

When they were a real possibility for the tenth team, I was checking the Deseret News daily (online) and reading their fan blogs. They were really excited (most of them). When it didn't happen they were stunned. I remember one fan said that it was a big mistake. However, if the decision not to join the Big 12 was because of the University's policy of not playing on Sunday, then he was all for it. I say let BYU go. Let them remain independent or join another conference. LEt the Big 12 focus eastward. Why not Louisville and, perhaps, Pittsburgh? Just stay away from BYU. 



Since: Oct 4, 2010
Posted on: February 13, 2012 8:27 am
 

Big East, WVU reach $20M settlement

That's a pipedream right there, NEVER gonna happen Id,.. USC has no shot at a NC game with that clown as a HC ;)



Since: Oct 23, 2011
Posted on: February 13, 2012 8:02 am
 

Big East, WVU reach $20M settlement

There has been a lot of talk, that WVU schedule will be Missouri's vacant schedule, if that is the case than i believe WVU has a good chance to go at least 10-2.  
 
1st. Marshall @ WVU WIN 1-0 
2nd. JM Vs WVU @ Fed Ex. Field Win 2-0  
3rd. Maryland @ WVU Win 3-0  
4th. Oklahoma @ WVU Lose 3-1 But if WVU wins this game, look out.  
5th. Kansas St. @ WVU Win 4-1 KSU will try to control the game and play keep away. 
6th. WVU @ Iowa St. WIN 5-1 WVU must be prepare to play. 
7th. WVU @ OSU WIN 6-1 WVU wins in a 3 OT shootout 50-48  
8th. TCU @ WVU Win 7-1 A Big 12 Shootout WVU wins with a last play field goal. 
9th. Baylor @ WVU 8-1 WVU's best Big 12 defensive game so far. 
10th. WVU @ Texas Lose 8-2 Texas plays great D and good ball control offense.  
11th. WVU @ TTU Win 9-2 TTU hangs tough, fades at the end. 
12th. Kansas @ WVU 10-2 WVU pulls away in the 2nd. half. Final 70-33 
 
2012 Final Big 12 Standings 
1 Oklahoma 11-1  
2 WVU 10-2  
3 Kansas St. 10-2 
4 Texas 9-3 
5 OSU 9-3 
6 TCU 8-4 
7 Baylor 7-5 
8 TTU 7-5 
9 Iowa St. 6-6 
10 Kansas 4-8 
Oklahoma plays and beats USC in the Fiesta Bowl 
WVU and the Big 12 gets robbed again by the BCS and WVU plays and beats Arkansas in the Cotton Bowl. 

WVU ends up at 11-2 ranked 6th. in the final rankings.





Since: Oct 23, 2011
Posted on: February 13, 2012 7:22 am
 

Big East, WVU reach $20M settlement

Now that the settlement is out of the way. Hey Big 12 Officials could we please get the 2012 FB schedule done. I need to get my Bass Fishing guide trip to Lake Fork planed so i can go see the Texas or TCU game all in the same weekend. I'm really looking forward to going to Texas for the first time to watch a College FB game. Or it might be the other way around. It might be the fishing trip more so. Either way, it want get any better than to go watch the Mountaineers beat Texas or TCU and to catch me a 10 lb. large mouth bass all in the same trip.





Since: Oct 4, 2010
Posted on: February 13, 2012 12:39 am
 

Big East, WVU reach $20M settlement

It will be interesting to see how WVU does while playing in a tougher conference.  I understand BCS wins are wins, but I do not think WVU would have made it to the majority of those BCS games without the advantage of playing in the WEAK Big East.


I would look for WVU's transition to be similar to when they joined the BigEast in basketball, maybe better alot sooner though. 



Since: Jan 22, 2012
Posted on: February 12, 2012 11:47 pm
 

Big East, WVU reach $20M settlement

Indications are that the Big 12 wants to wait to take the two best available and stop at 12.  That's probably Louisville but not sold on Cincinnatti at this time.
They will of course make another pass at BYU.  I just don't see ND going anywhere but the B1G.  So BYU and U of L are likely their best plays.  Maybe they want to wait for the Big East to turn Memphis into a super power.  :)



Since: Jan 22, 2012
Posted on: February 12, 2012 11:43 pm
 

Big East, WVU reach $20M settlement

It will be interesting to see how WVU does while playing in a tougher conference.  I understand BCS wins are wins, but I do not think WVU would have made it to the majority of those BCS games without the advantage of playing in the WEAK Big East.
In 2007-08 they would have certainly gone to the BCS anywhere they played.  I can't say that with certainty for any other year, but that team in 07-08 was the best in the country.  Sure I'm biased, but they were a RR tantrum from a title appearance.  That's the real reason WVU fans will never forgive RR.  He blew off his team the week before their final regular season game to go talk to UM.  Then the unthinkable loss and settling for the Fiesta and Bill Stewart.  Yeah, that year is still a sore spot...


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