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: Nov 3, 2006
Posted on: February 10, 2012 5:19 pm
 

Big East, WVU reach $20M settlement

"WVU is a better program than ATM"  HaHaHa!!!Laughing You are joking, right!  I guess that is why the SEC wanted WVU instead of A&M and why A&M and why A&M is bringing so much value to the SEC.  Just wait until the SEC network is created and the next TV deal is announced - it will make all of the other conference TV deals look like pocket change!!!  WVU may have had a better football team the last several years, but to say that they are a better program is just ridiculous.  But I guess since you are a sooner that your feelings are still hurt about A&M leaving the sinking ship that is the Big 12, 10, 8, 10 or whatever it is.


Oh come on now, is the convo going to relegate to this "my Dad is tougher than your Dad" mentality?  Looking at both schools, I'd say the success rate for both programs is about equal.  A&M does have a NC, back in 1939 when it was voted on, and not actually played for.  Other than that, very similar bowl records unless you want to limit it to BCS wins, in which case, WVU would win that argument hands down.  WVU clearly had the easier path to BCS games via the BE rather than A&M via the B12. 



Since: Sep 25, 2007
Posted on: February 10, 2012 4:44 pm
 

Big East, WVU reach $20M settlement

I am so glad Missouri got out of the Big XII when they did.  Now they are going to help West Virginia pay to leave the Big East while those nimrods are taking anyone they can get without consideration as to how it will affect the overall academic and athletic viability 4, 5, or 6 years down the road.  The way things are going, the Big XII will be Texas and Oklahoma schools only in the next go around  and the Big East will become the Big Easy and have 30 teams and not have a lot of balance in any of it.  Maybe it is time for Kansas, Kansas St, Iowa State to form their own league and add Northern Iowa, Missouri State, Witchita State, and some others and get away from the madness.



Since: Sep 19, 2007
Posted on: February 10, 2012 4:42 pm
 

Big East, WVU reach $20M settlement

usbummer. Actually he is a HomoPHOBE (not PHILE). :)



Since: Feb 10, 2012
Posted on: February 10, 2012 4:31 pm
 

Big East, WVU reach $20M settlement

"WVU is a better program than ATM"  HaHaHa!!!Laughing You are joking, right!  I guess that is why the SEC wanted WVU instead of A&M and why A&M and why A&M is bringing so much value to the SEC.  Just wait until the SEC network is created and the next TV deal is announced - it will make all of the other conference TV deals look like pocket change!!!  WVU may have had a better football team the last several years, but to say that they are a better program is just ridiculous.  But I guess since you are a sooner that your feelings are still hurt about A&M leaving the sinking ship that is the Big 12, 10, 8, 10 or whatever it is.



Since: Aug 13, 2011
Posted on: February 10, 2012 4:29 pm
 

Big East, WVU reach $20M settlement

@banned sleepy
It never ceases to amaze me how some people cannot post something on a blog without taking the opportunity to denegrate someone or something in some vile manner. Oklahomo? Really? Are you some type of homophile? (That's a type of bigot if you need an explanation). Get real.



Since: Jan 25, 2012
Posted on: February 10, 2012 4:26 pm
 

Big East, WVU reach $20M settlement

WVU is a better overall program than ATM (considering Football is THE sport).  TCU isn't a better overall program than Mizzou (but they are comparable in football).

West Virginia is better in football and basketball, the two primary money sports, but A&M has a huge athletic budget and does well in what they term the "olympic sports." Adding TCU hurts basketball wise, but in the last half decade they're clearly better than Missouri (2 BCS berths and one win in the Rose Bowl). Considering the losses the Big 12 did well to maintain it's viability particularly in football. I considered the Big 12 the second best conference in football this year and it looks as if that is where they will rank going into to next year.

The Big 12 can recover in basketball by adding Louisville and Cincinnati. In fact it would be a better basketball conference with the Cardinals and Bearcats than when Colorado and Nebraska were members (typically dormats in basketball). It will be difficult to replace Nebraska's resume in football (4th all-time wins, 5 NCs, 3 Heismans).



Since: Jul 9, 2010
Posted on: February 10, 2012 3:53 pm
 

Big East, WVU reach $20M settlement

WVUDIEHARD2............You are a ignorant pinhead also.  I was responding to an earlier post that stated the State of West Virginia would have to come up with $2O Million.  My Post only stated that anything like that in the STATE of VIRGINIA had to come from Private Donations and not from the STATE Taxpayers of VIRGINIA.  You are so igorant you can't even understand the different Post that people have placed here on this issue. We will name you Numnuts2 !!  Even though you are a hethan, we wish WVU a lot of luck in the BIGXII next football season ! 



Since: Jan 22, 2012
Posted on: February 10, 2012 3:31 pm
 

Big East, WVU reach $20M settlement

Well this is interesting...  $11 mil from WVU, $9 mil from Big XII and if Boise jumps they'd have to pay MWC about $9 mil...  So the exit is $11 mil, plus $9 mil to cover Boise's exit from the MWC.  So it looks like this....

WVU pays the Big East $11 mil to leave.  Big XII pays the MWC $9 mil (by proxy of Big East) to get Boise out.  And everyone is happy.  Except Marinara Sauce. He ran out of meatballs.



Since: Aug 22, 2006
Posted on: February 10, 2012 3:17 pm
 

Big East, WVU reach $20M settlement

WVU is a better overall program than ATM (considering Football is THE sport).  TCU isn't a better overall program than Mizzou (but they are comparable in football). 

BIG XII still needs Lousiville, and they should really go after Pitt.  Why Pitt isn't considered the hottest "free agent" program, is baffling to me.



Since: Jan 30, 2007
Posted on: February 10, 2012 3:10 pm
 

Big East, WVU reach $20M settlement

now THAT's freakin' hilarious...nice!


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