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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: Dec 17, 2006
Posted on: February 12, 2012 8:57 pm
 

Big East, WVU reach $20M settlement

Pretty sure the years that WVU went to the BCS they beat the winners of other conferences. So the years they won the weak big east, i guess the Big 12, SEC and ACC were even weaker then.




Since: Nov 27, 2007
Posted on: February 12, 2012 7:02 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.



Since: Oct 26, 2011
Posted on: February 12, 2012 1:24 pm
 

Big East, WVU reach $20M settlement

Thers hardley in Players in State of Penn anymore.Didn't Todd Graham long to figure that out,and get the Hell out of there.I love Pitt People still talking about 2007 game,where Rich Rod CHOKED BIG TIME.That being said Pitt.never could beat My Boy Stew.Pitt only sells twice a Year,when WVU or Notre Dame comes to town.What has Pitt had 4 or 5 Football Coaches in less 2 years.Pitt should fit nicely in THE ALTANTIC CHOKE CONFERENCE,Along with That Football Super Power, THE CUSE .WHERE IS SNOWS IN MAY,AND THE CARRIER DOME IS DUMP TOO.



Since: Sep 17, 2011
Posted on: February 12, 2012 12:37 pm
 

Big East, WVU reach $20M settlement

I agree 100% with most of your comment but would like to add:  1) strongER is good; STRONG is better; 2) It's sad that a conference expands and two teams it adds are instantly the two best teams in that conference; 3) They are taking WVU, a&m and MU money (this will not cost the Big12 $$$ and they still make a profit).  While indications are that Louisville will be going soon, I personally think the Big12 would like to wait until 2014 to make any moves.  Contrary to popular opinion, conferences bigger than 12 are cumbersome and to a great degree unsatisfactory (due to schedules that may see some teams play each other a litlle as twice in twelve years).  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.



Since: Aug 13, 2011
Posted on: February 12, 2012 10:55 am
 

Big East, WVU reach $20M settlement

@ncaaftbllfan:

"I honestly think the big east is stronger in football now. Louisville, Cincinnatti, Boise State and Houston all there."
You are correct about that, at least for the moment. But what about in two or three years when Louisville and Cincinnatti, especially the former, are in the Big 12? The Big 12 will not add West Virginia to the conference and then leave them dangling without regional competition, and most of the talk about the immediate future and the next wave of expansion includes Louisville. Who the 12th, 13th and 14th teams are continue to be speculation, but Cincinnatti continues to be a frequent mention among bloggers. 



Since: Mar 20, 2008
Posted on: February 12, 2012 10:53 am
 

Big East, WVU reach $20M settlement

Boo hoo.  Observer got his feelings hurt.  Stop confusing athletics and education.  The athletics department funds are not a part of the general education funds.  Your whining about how much many scholarships the $20 mil would have covered is nonsensical.



Since: Oct 20, 2011
Posted on: February 12, 2012 4:20 am
 

Big East, WVU reach $20M settlement

tkzan1- wake up, the alarm clock is ringing, only in your dreams will TAM ever out recruit OU anywhere, your future losing records in the SEC will not help your recruiting. this nonsense that TAM is leaving to play in a more competetive conference is ridiculous, TAM was not even competetive last year in the Big 12. Good luck never playing UT again, that should really help your recruiting in Texas! What a bunch of whining losers you Aggies are!



Since: Dec 8, 2006
Posted on: February 12, 2012 3:28 am
 

Big East, WVU reach $20M settlement

I honestly think the big east is stronger in football now. Louisville, Cincinnatti, Boise State and Houston all there. Boise State is a consistent top 10 team and the others are periodic top 25's with cincy winning the big east quite a bit actually too. San Diego State, UCF and SMU are actually just as good as Pitt and better than syracuse as of late, so I don't see how any other conference could over take their AQ status actually. I hope Boise joins next year, so they don't have to pay so much on their own. They can take some of WV and Big 12 money and get it done.



Since: Mar 12, 2008
Posted on: February 11, 2012 11:05 pm
 

Big East, WVU reach $20M settlement

My last post was a response to this thread and to this poster, btw:


Observer2008 wrote:

How many young people could be afforded scholarships with this amount of money?  
Smorgie @ the Y wrote:

Come on Observer2008,

Stanford, Harvard, Yale, Michigan, and on and on each have more than a Billion in their endowment funds, some multi-billion.  Why aren't you whining about them not tapping into that money for the betterment of students everywhere?

Take your socialist, share the wealth mindset over to MSNBC (or is it MSDNC?).  This is a financial deal that will be beneficial for West Virginia University in the very near term and over the long term.  If you could do this deal (assuming you were a capitalist) I am sure you would recognize the financial return and jump at the chance.

Smorgie 





Since: Mar 12, 2008
Posted on: February 11, 2012 10:58 pm
 

Big East, WVU reach $20M settlement

Thanks for injecting an unrelated ideological comment into this discussion, for attempting to label me, and to understand my ideology.  Quite frankly, you don't have enough information from this post to do the latter, but unlike you, I won't attempt to either label you or to interpret your motives or philosophical approach. 

I also don't recall whining about anything, but rather making a comment about why an athletic organization which deals with universities, which are primarily institutions of higher learning, would consider it appropriate to ask for such a sum of money from a university.  Finally, freedom of expression does permit me to post about a college basketball issue on CBS Sports dot com, a sports related site, even though you personally might believe my posts would be better suited on MSNBC.


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