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: Oct 26, 2011
Posted on: February 10, 2012 8:11 pm
 

Big East, WVU reach $20M settlement

Now we know why the call you AM people.Tall Hat No Cattle.



Since: May 28, 2008
Posted on: February 10, 2012 8:02 pm
 

Big East, WVU reach $20M settlement

U might have one decent year with that offensive talent, but you are through after that.  Big 12 is in for a real treat seeing the Mountaineers from W Virginia, that same bunch that brought us the Wild and WOnderful Whites of West Virginia.  They only had three decent educational institutions in the Big 12, and now 2 of them are leaving.  Beating Rutgers, Syracuse, and Pittsburg isn't the same as winning at Austin, Norman, Manhattan, Dallas, or Stillwater.

There's a reason Mizzou and A&M are heading to the SEC, and your self-invite was shot down.  You have nothing to offer- no audience, no academic profile, no future.   It will be OK for you- the Big 12 is a big step up from the BIg Least, and Texas and Oklahoma probably won't look to leave for another conference for at least another year or two.  Just keep telling yourself.  I'm pretty, I'm good looking, and people like me.  Can't wait till the good folks in Austin get a glimpse of your backward-assed mountain man.  Good thing for him-he can lead tours at the Alamo and tell people he's Davey Crocket



Since: Apr 25, 2008
Posted on: February 10, 2012 7:49 pm
 

Big East, WVU reach $20M settlement

The rumor in Oklahoma City is that OU will have to travel to Morgantown on September 8th.  If true that will be one awesome conference opener!!!!  Can't wait!



Since: Feb 10, 2012
Posted on: February 10, 2012 7:11 pm
 

Big East, WVU reach $20M settlement

sugar bowl,fiesta bowl, orange bowl 3 bcs victories are more i,portant to fans than all that combined



Since: Mar 17, 2008
Posted on: February 10, 2012 6:34 pm
 

Big East, WVU reach $20M settlement

Haters are already showing up, Texas A&M sucks and might get the Liberty bowl next 20 years, and Missouri will never again get a bowl bid, Missouri and Vanderbilt can play for the bottom with kentucky. WV will provide excitement and bring the Big 12 a much needed football power along with basketball, which Teaxas A&m Never did, the 13th man and 14th and 15 will be needed to beat Vanderbilt and Kentucky in football, the SEC is the loser and the Big 12 is the winner, so stop whing wimpy Texas A&M and Missouri, nobody really wanted you anyway other then get some recruitment in Texas and Oklahoma where football is really king. Go Mountaineers.



Since: Feb 10, 2012
Posted on: February 10, 2012 6:10 pm
 

Big East, WVU reach $20M settlement

Wins and losses is not the best way to compare football programs due to differences in the competition of the conference they are in. Otherwise we would have to say that over the past 10 years, Boise State is a better football program than Michigan or Oklahoma for example.  

There is so much more to it - how about fan base, traditions, stadium, number of players drafted, etc.  For example, if you look at the number of players drafted into the NFL, A&M is #21 on the list.  WVU? - not listed in the top 25 .  
Stadium capacity - A&M = 83,000 with plans to expand to 100k;  WVU = 60,000

How about the Forbes rankings for the most valuable programs in college football - A&M = 17, WVU = not in the top 20   



Since: Nov 19, 2006
Posted on: February 10, 2012 5:35 pm
 

Big East, WVU reach $20M settlement

The Big East has little, if any choice in the matter of paying Boise State's debt to the MWC so they can get them to play this coming season.  If they cannot pull this off, they are going to be a 7 team conference, with very little chance of keeping their AQ status.  So they get 20 million, and spend 9 million.  They still show a net profit and can maintain some semblence of a decent football conference.  If the Big East cannot do this, there is an excellent chance that Louisville and Cincinnati make a serious push to join the Big 12 next season.



Since: Feb 10, 2012
Posted on: February 10, 2012 5:32 pm
 

Big East, WVU reach $20M settlement

I meant no disrespect to WVU, I just find it funny that OU and texas supporters are so upset that A&M left that they are trying to justify that somehow now the Big 12 is better off without them.  In reality, A&M leaving the B12 is a nightmare scenario for OU and texas. A&M goes to the premier conference in America, and as the only school from Texas in the SEC can offer recruits something they can't.  Texas will still get theirs, but OU's recruiting will be hurt big-time by the A&M move.  OU should have gone to the SEC with A&M, but they just couldn't leave their sugar daddy texas.  I am thrilled that A&M had the balls to do it.



Since: Mar 26, 2008
Posted on: February 10, 2012 5:29 pm
 

Big East, WVU reach $20M settlement

Would be great to live in this ideal world of money for the greatest need but until this period in history comes I'll take this as a pay-out for the future of WVU sports.  In my lifetime we've come from the lowly confines of the Southern Conferance and an independent to one of the four best conferances in the world with a twenty year stop-over in a once promising league.  However, I doubt WVU could have gotten anymore  advertising, future cash-flow, prestige and a reward for its loyal fans than membership in the Big X11.



Since: Oct 20, 2006
Posted on: February 10, 2012 5:26 pm
 

Big East, WVU reach $20M settlement

tkzan, depending on how far you want to go back, in fact WVU is a better football program than TAM.  TAM had some good teams in the late 80s, early 90s.  But if you go back 5 years, WVU has the better resume.  If you talk about the last 10 yrs. WVU has the better resume.  Last 15 yrs.?  WVU.  Last 20 yrs.? WVU


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