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 4, 2007
Posted on: February 11, 2012 10:12 pm
 

Big East, WVU reach $20M settlement

(typo),,,,DONE....




Since: Dec 4, 2007
Posted on: February 11, 2012 10:11 pm
 

Big East, WVU reach $20M settlement

.....wouldn't brag about Pitts B-Ball to much until you can win a 1st. rd. NCAA Tourney game.


Well I guess we can at least brag about Pitt BB then Einstein, SINCE WE HAVE ALREADY DONT THAT 



Since: Jun 2, 2007
Posted on: February 11, 2012 9:25 pm
 

Big East, WVU reach $20M settlement

Another Brilliant post!!!Cry



Since: Oct 23, 2011
Posted on: February 11, 2012 8:43 pm
 

Big East, WVU reach $20M settlement

Buford there is no help for idiots like you & Dewey. Now you even come up with some more crap pulled from your butt. So i guess now WVU submitted paper work to the B1G whats next the PAC 12. Guys like you and Dewey are a dime a dozen, all talk and no show. To bad your schools have to stay in the ALL Cupcake Conference. And everybody knows the reason guys like you try to make up lies about WVU is because you are so jealous of their accomplishments. They are in a better conference than your sorry schools will ever be in.






Since: Jul 9, 2010
Posted on: February 11, 2012 5:12 pm
 

Big East, WVU reach $20M settlement

ldl211...........This is a final from me to you about college football.  No wonder the world is in such a mess, when it comes to communication.  I'm with Dewey about not continuing any kind of measured comprehension between you concerning the facts that exist with the denial from the SEC, ACC and B1G.  I yeild to you my man, because you are right and the world is wrong.  Again, Good luck in the BIGXII next year, and the many years to come for WVU. OVER and OUT !!



Since: Feb 14, 2008
Posted on: February 11, 2012 4:48 pm
 

Big East, WVU reach $20M settlement

I want to see the Big 12 2012 schedule!  Getting excited. Glad we dont have to go to Columbia (Meth capital of America) ever again.



Since: Jun 2, 2007
Posted on: February 11, 2012 4:42 pm
 

Big East, WVU reach $20M settlement

You have no idea what you're talking about. Goodluck in the Big 12 to WVU. I was hoping when the ACC expanded that WVU would've went with Pittsburgh it didn't work out that way and from the way it sounds everyone is happy.



Since: Oct 23, 2011
Posted on: February 11, 2012 4:24 pm
 

Big East, WVU reach $20M settlement

Buford look at yourself in a mirror it might help. For you are the one not getting it. You are the one that wants to keep putting WVU down for not getting invited to the ACC. I was just wondering how it felt to be a fan of a school who got turn down, not once but twice. And no there is no link for you to paste cause it doesn't exist. You are beating a dead stick with your so call application from WVU to the ACC unless you can show proof. We all know they were turn down, why does it really matter to you to try to make something worst than what it is. Its kind of useless at the point in time. WVU is in the Big 12 an they are a lot better off.  
And why keep posting facts about the All Cupcake Conference being great for VT. Have i not said that i agree with you about that.



Since: Oct 23, 2011
Posted on: February 11, 2012 4:01 pm
 

Big East, WVU reach $20M settlement

Hey Dewey you are determine to make a ass!!! of yourself. Pitt doesn't compare to WVU in football and i wouldn't brag about Pitts B-Ball to much until you can win a 1st. rd. NCAA Tourney game. And your opinion about conference ratings is BS. The acc will not even be as strong as the New Big East in football. Even as a combine Football & B-Ball the Big 12 is still a couple of spots ahead of the All Cupcake Conference.

Hell FSU & Clemson are so upset about the All Cupcake Conference bringing you'll sorry butts & Syracuse into the conference, they are beginning to look at joining another conference. A legit football conference like the SEC & Big 12. And like the FSU AD said your school is still like bringing a Pinto to the game and leaving WVU the Porsche in the carport. And the 2012 WVU Football team will no longer be a Porsche, it will be refer to as a {Ferrari}. 



Since: Jul 9, 2010
Posted on: February 11, 2012 3:48 pm
 

Big East, WVU reach $20M settlement

ldl211..........you just don't get it my man.  VT was probably turned down 3 or more times by the ACC, who really cares, that was back in the day.  But what you need to understand, is VT is in the ACC now, and well supported by it's other member institutions in the Conference. With that being said, VT is very proud of being in the ACC for the past 8 years.  Virginia Tech was the only institution to tell the BIG EAST up front before entering that conference, that if VT ever received an Invitation to the ACC that VT would accept it.  Mike Tranghese, the BE Commissioner at the time, will verify VT's position on the ACC when it accepted the invite to the BE Football Conference as a charter member.  This information can also be found in the BE Archives concerning VT's position on this matter.  In fact, when VT, Miami and BC left for the ACC, VT was not sued, because they had been up front with the BE member schools about going to the ACC.  VT is now very well positioned in the ACC, and really appreciates it's membership in this conference.  VT appreciated being a member of the BE at the time, and VT also help the BE in football quite well during those years.

I don't plan to paste nothing from CBS Sports on here about WVU being rejected by the SEC and ACC.  It is a known fact in Sports Media circles about WVU's fate in both the ACC and SEC.  This infomation appeared in CBS Sports and several other Sports Media outlets that WVU had submitted applications to both conferences, and WVU was told by both conferences that the school did not fit into their future plans.  Again, good luck to your Mountaineers being invited to the BIGXII, and wish you guys many years of success.   


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