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Speculation: How a C-7-Old Big East-New Big East deal could shape up
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johnbragg Online
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Speculation: How a C-7-Old Big East-New Big East deal could shape up
The NBE schools not getting any of the leftover tournament money makes them, I think, even more likely to trade the Big East name to the C-7 for cash. But I see a three-way deal being worked, possibly after the NBE schools get full voting rights and UConn, Cincy and USF can't block changes to the bylaws if the C-7 and NBE school agree--or maybe just as soon as the NBE picks and market-tests their new name.

New Big East issues: $2.5M entry fee
Old Big East issues: $10M exit fee, 27 month waiting period
C-7 issues: We want the name.

C-7 bargaining chips.
1. 50% (70%?) claim on Realignment Fund (~$50M exit fees, $17.5M entry fees)
2. 70% claim on NCAA credits from schools who withdrew from Big East. (~$50M).

What it looks like, if the NBE keeps the name, and the C-7 gets nothing for it:
Tournament credits: $5M per school for 10 schools. NBE noobs get $0.
Realignment fund: About $35M each for the C-7 and NBE.

So the deal:
1. C-7 drops any and all claims on Realignment Reserve Fund. (Cash value, $25M in exit fees plus ½ of $17.5M in entry fees)
2. C-7 takes the Big East name. NBE debuts their new name. (Probably want to avoid using Times Square banners.)
3. NBE waives claim to entry fees from entering schools. ($17.5M.)
4. Exit fee is reduced to $0 if school provides 12 months notice. Otherwise $10M. (At this point, it would be hard for the NBE to prove $10M in damages from anyone leaving with reasonable notice.)
5. NBE pays out Realignment Reserve Fund @ $5M per year for 10 years, $500,000 per school, starting June 2015. (Not really part of the deal.)

As it is now, UConn is looking at $5M in tournament credits, $3.5M in Realignment fund money. With the new deal, UConn is looking at $5M in tournament credits, $5M in Realignment fund money if they stay 10 years. If not, they save $10M on exit fee.

As it is now, Memphis is looking at $3.5M in Realignment Fund money, minus $2.5M entry fee, $1M. Plus about $1M each if UConn, Cincy leave ($10M/10 schools). With the new deal, Memphis is looking at $5M in Realignment Fund money.

As it is now, the C-7 schools are walking off with $35M in tournament credits (7/10) and $35M in Realignment Fund money (1/2). With the new deal, the C-7 are walking off with $35M in tournament credits plus the name. We give up $35M in Realignment fund money, but about $10M of that would be a real challenge to collect if the NBE votes to waive their entry fees. So that’s about $25M in real money for the name.
02-22-2013 11:20 AM
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stever20 Offline
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
I'm really not as sure about the tournament credits at all. I think best case for us is 50/50.

Also you are a bit optimistic if you think just because they vote to waive the entry fees means that we don't have to pay to get out early. 2 totally different things.

I think we're looking at coming out of things with just the name. I think realignment funds gets us the name, tourney units gets us out early.
02-22-2013 11:35 AM
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Louis Kitton Offline
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
Has anyone been able to put an accurate price tag on the value of the Big East name?

I don't think its worth the 50 million or what ever the realignment fund ends up being for the C7 to give up.

Once you factor in the realignment reserve and tourney credits it makes a lot of sense for UC and UConn to ride things out in the Big East vs. playing hoops in the C7, IMO. Its a 5-10 year move for those schools anyways.
02-22-2013 12:42 PM
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johnbragg Online
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 11:35 AM)stever20 Wrote:  I'm really not as sure about the tournament credits at all. I think best case for us is 50/50.

Every media source has listed the Syracuse/Pitt/West Virginia/Louisville credits as one of the issues to be negotiated. Now, it's possible that they're all assuming about the Pre-Nup, and assuming wrong, and maybe those credits are the property of the I-A Schools group. But we have nothing to support that, and a half-dozen media people saying that sources say those credits are up for negotiation.

Quote:Also you are a bit optimistic if you think just because they vote to waive the entry fees means that we don't have to pay to get out early. 2 totally different things.

They are two different things.

But I don't see them having much leverage to get us to stay for 2014-15. The conference didn't hold WVU or Syracuse or Pitt for more than one year, they're not even trying to hold Louisville or Rutgers or Notre Dame. So if we give reasonable notice, and one-year plus is reasonable, it'll be hard to demonstrate any damages from us leaving in July 2014 vs July 2015. Especially when they're signing a deal that undervalues our basketball.

Quote:I think we're looking at coming out of things with just the name. I think realignment funds gets us the name, tourney units gets us out early.

I think that the 27-month provision is shredded. Remember, Blaudschun a while ago was talking about using the name as leverage to get us to stay for 2013-14. That indicates that the 27-month clause is either not in the pre-nup, or is expired or something.
02-22-2013 12:43 PM
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apex_pirate Offline
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
What I'm interested in is how each school gets paid. There appear to be four separate groups unless there is something written that allows equal payment (withheld until actually joining) for each of the new schools.

Group 1:
UCONN
Cincy
USF

Group 2:
Houston
SMU
Memphis
UCF

Group 3:
ECU
Tulane

Group 4:
Navy

What bothers me is that there is a chance that Group 1 gets everything to split. The other groups get zilch. While the other groups aren't officially a part of the conference, they have virtually signed away their existence to the Big East. For all intents and purposes, they are Big East schools in nature. They did sign on before the intention to split.

The second scenario is a mix where Group 1 gets all of X asset(s) and the remaining assets are split equally among just the new 2013 schools or to all of the new 2013, 2014 and 2015 schools. I'm sure there are other scenarios as well.

I'm sure none of you know for sure which will end up to be the case but many of you may have a good idea of the direction it will likely take. Anyone care to break their payment prognostications down by each group I have listed above?
(This post was last modified: 02-22-2013 01:06 PM by apex_pirate.)
02-22-2013 01:04 PM
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Wedge Offline
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 11:20 AM)johnbragg Wrote:  So that’s about $25M in real money for the name.

Is the name worth $25 million? To put it another way, how could the name be worth more than the annual value of the new conference's TV rights?

I would think that the name is worth less, but I'm sure they've got some "consultants" opining for them on how much it's worth.

(02-22-2013 01:04 PM)apex_pirate Wrote:  What bothers me is that there is a chance that Group 1 gets everything to split. The other groups get zilch.

That depends on how the contracts are written, right? The "pre-nup" with the C-7 schools, the agreements with each new school about the terms of their membership, the BE by-laws, etc.

If the C-7 has an agreement in the "pre-nup" to divide up the banked NCAA tournament credits, then I would think that whatever the C-7 doesn't get is the property of the BE and not just the property of UConn, USF, and Cincinnati.
(This post was last modified: 02-22-2013 01:32 PM by Wedge.)
02-22-2013 01:26 PM
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
My guess....

C7 leaves with no penalty
C7 leaves after next season
NBE gets the Big East name
NBE gets the pot of remaining exit fees
Tourney credits are split between C7 and Big East


Pretty fair all the way around
02-22-2013 01:28 PM
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apex_pirate Offline
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 01:26 PM)Wedge Wrote:  
(02-22-2013 11:20 AM)johnbragg Wrote:  So that’s about $25M in real money for the name.

Is the name worth $25 million? To put it another way, how could the name be worth more than the annual value of the new conference's TV rights?

I would think that the name is worth less, but I'm sure they've got some "consultants" opining for them on how much it's worth.

If the name is worthless to everyone, the football schools keep it. If it is worthless to the football schools but valuable to the C7, then sell it. Who knows what it is worth?
02-22-2013 01:30 PM
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Wedge Offline
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 01:30 PM)apex_pirate Wrote:  
(02-22-2013 01:26 PM)Wedge Wrote:  
(02-22-2013 11:20 AM)johnbragg Wrote:  So that’s about $25M in real money for the name.

Is the name worth $25 million? To put it another way, how could the name be worth more than the annual value of the new conference's TV rights?

I would think that the name is worth less, but I'm sure they've got some "consultants" opining for them on how much it's worth.

If the name is worthless to everyone, the football schools keep it. If it is worthless to the football schools but valuable to the C7, then sell it. Who knows what it is worth?

I'm sure it's worth something to somebody. Hell, even the WAC name is apparently still worth something to somebody. I'm just saying that if the question is, "Would you pay $25 million for the right to use the Big East name?", my answer is, "No, I wouldn't pay that much."
02-22-2013 01:35 PM
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johnbragg Online
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 01:30 PM)apex_pirate Wrote:  
(02-22-2013 01:26 PM)Wedge Wrote:  
(02-22-2013 11:20 AM)johnbragg Wrote:  So that’s about $25M in real money for the name.

Is the name worth $25 million? To put it another way, how could the name be worth more than the annual value of the new conference's TV rights?

I would think that the name is worth less, but I'm sure they've got some "consultants" opining for them on how much it's worth.

If the name is worthless to everyone, the football schools keep it. If it is worthless to the football schools but valuable to the C7, then sell it. Who knows what it is worth?

I think the answer is, it's worth something to the basketball schools. It's worth nothing to the football schools, except as a trade chip--your value as the "Big East" has been established by NBC and ESPN. If you build more value, you might as well build it as the Metro Conference or Eastern 12 and have more cash. If you don't build more value, you'll at least have the cash.

It's very hard to value a name, so I just went with half of what was left in the projected Realignment Fund after taking out the entry fees. Actually, to be specific, I went with what I thought it would take to crowbar it out of the other guy's hands.
(This post was last modified: 02-22-2013 01:44 PM by johnbragg.)
02-22-2013 01:40 PM
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 01:35 PM)Wedge Wrote:  
(02-22-2013 01:30 PM)apex_pirate Wrote:  
(02-22-2013 01:26 PM)Wedge Wrote:  
(02-22-2013 11:20 AM)johnbragg Wrote:  So that’s about $25M in real money for the name.

Is the name worth $25 million? To put it another way, how could the name be worth more than the annual value of the new conference's TV rights?

I would think that the name is worth less, but I'm sure they've got some "consultants" opining for them on how much it's worth.

If the name is worthless to everyone, the football schools keep it. If it is worthless to the football schools but valuable to the C7, then sell it. Who knows what it is worth?

I'm sure it's worth something to somebody. Hell, even the WAC name is apparently still worth something to somebody. I'm just saying that if the question is, "Would you pay $25 million for the right to use the Big East name?", my answer is, "No, I wouldn't pay that much."

YOU wouldn't, but you're not running Georgetown's or St John's or Butler's or VCU's (I'm still hoping) athletic programs.

Put it this way--the "value" of the Rose Bowl name is probably higher than the value of the Big East name. But only to someone who could plausibly use and profit from it. An LA stadium developer with an NFL team ready to move? Yes yes yes, $100M, $200M, $250M, I don't know where it stops. The new stadium they're building in Las Vegas? Er, maybe it would help. $10M? $50M?

The C-7? Zero. The Big East name really only has value in basketball, and only to the C-7 schools (and to Big East-by-pending-adoption schools like Butler and VCU or Richmond.) It should logically have had some value to UConn, Cincy and Temple and Memphis, but apparently not.

Only one buyer limits the value of the name, but there are really two buyers--the C7 buying the name, and the NBE leaving money on the table to keep it.
(This post was last modified: 02-22-2013 01:55 PM by johnbragg.)
02-22-2013 01:53 PM
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Dr. Isaly von Yinzer Offline
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
See John, I think just the opposite is true regarding the Aresco League selling the Big East's name to the Catholic schools. I now see that as a fairly unlikely scenario as I think the price will simply be too high.

By sticking together the triumvirate of South Florida, Connecticut and Cincinnati locked themselves into an old contract with ESPN that gave the four letter network the right of refusal. If it was about money, they could have seceded and allowed the remaining seven schools deal with the onerous contract and the litigation that would be sure to follow.

So why did they elect to do that even though they knew it would likely end in a lower dollar amount for their league? Because without the Big East brand name they truly are a C-USA all-star team. However, with the Big East brand name and history, they have a chance to become something completely different; something greater than C-USA 2.0.

If I'm the Aresco League, I have already sold everything else to hold onto that Big East brand name and if the Catholic schools want it they can have it, but they are going to have to pay through their nose to get it.

Personally, I hope the C7 end up with th Big East name as I think they deserve it more than the likes of Memphis, Tulane, SMU, etc. However, I think that ultimately the price is just going to be too steep for them to justify.

I hope they go with the Catholic League or something cool like that. I know that expansion candidates like Butler, VCU and Richmond are not Catholic but so what? Marquette's not exactly Eastern so what's the difference?

It's just too bad that the Urban League is taken as that would have been even cooler still.
02-22-2013 02:04 PM
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 02:04 PM)Dr. Isaly von Yinzer Wrote:  So why did they elect to do that even though they knew it would likely end in a lower dollar amount for their league? Because without the Big East brand name they truly are a C-USA all-star team. However, with the Big East brand name and history, they have a chance to become something completely different; something greater than C-USA 2.0.

This sounds harsh, but--no they don't.

In the alternative, if they have that chance, they have the same chance as the Metro Conference/Eastern 12/Big 11. A clean slate, rising from the ashes of the football Big East failure.

Quote:If I'm the Aresco League, I have already sold everything else to hold onto that Big East brand name and if the Catholic schools want it they can have it, but they are going to have to pay through their nose to get it.

They didn't sell anything to hold onto the name. They just didn't get tickets out. If the holdover schools don't want to deal, in a few months we can deal with the cash-hungry noobs.
02-22-2013 02:11 PM
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Wedge Offline
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 01:53 PM)johnbragg Wrote:  
(02-22-2013 01:35 PM)Wedge Wrote:  
(02-22-2013 01:30 PM)apex_pirate Wrote:  
(02-22-2013 01:26 PM)Wedge Wrote:  
(02-22-2013 11:20 AM)johnbragg Wrote:  So that’s about $25M in real money for the name.

Is the name worth $25 million? To put it another way, how could the name be worth more than the annual value of the new conference's TV rights?

I would think that the name is worth less, but I'm sure they've got some "consultants" opining for them on how much it's worth.

If the name is worthless to everyone, the football schools keep it. If it is worthless to the football schools but valuable to the C7, then sell it. Who knows what it is worth?

I'm sure it's worth something to somebody. Hell, even the WAC name is apparently still worth something to somebody. I'm just saying that if the question is, "Would you pay $25 million for the right to use the Big East name?", my answer is, "No, I wouldn't pay that much."

YOU wouldn't, but you're not running Georgetown's or St John's or Butler's or VCU's (I'm still hoping) athletic programs.

Put it this way--the "value" of the Rose Bowl name is probably higher than the value of the Big East name. But only to someone who could plausibly use and profit from it. An LA stadium developer with an NFL team ready to move? Yes yes yes, $100M, $200M, $250M, I don't know where it stops. The new stadium they're building in Las Vegas? Er, maybe it would help. $10M? $50M?

The C-7? Zero. The Big East name really only has value in basketball, and only to the C-7 schools (and to Big East-by-pending-adoption schools like Butler and VCU or Richmond.) It should logically have had some value to UConn, Cincy and Temple and Memphis, but apparently not.

Only one buyer limits the value of the name, but there are really two buyers--the C7 buying the name, and the NBE leaving money on the table to keep it.

Interesting analogy in that I'm not sure the Rose Bowl name is worth that much taken out of its current context (i.e., the name of the stadium in Pasadena and the game that is played there [usually] on Jan. 1). Calling a stadium in Las Vegas "the Rose Bowl" would bring that Vegas stadium ridicule, not cachet. It would be like Kia buying the name "Mercedes-Benz" and slapping it on one of Kia's sedans.

Maybe buying the "Rose Bowl" name for the bowl game, not the stadium, would have some value -- e.g., I'm sure that the Orange Bowl and Cotton Bowl games think that their names have real value because they can lay claim to the history of the games even though they're now playing the games in newer stadiums out in the 'burbs rather than the old namesake stadiums.

Anyway, I still wouldn't pay $25 million for the right to the Big East name, but it does have some value and I guess it's worth whatever someone is willing to pay for it.
02-22-2013 02:49 PM
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 02:49 PM)Wedge Wrote:  
(02-22-2013 01:53 PM)johnbragg Wrote:  
(02-22-2013 01:35 PM)Wedge Wrote:  
(02-22-2013 01:30 PM)apex_pirate Wrote:  
(02-22-2013 01:26 PM)Wedge Wrote:  Is the name worth $25 million? To put it another way, how could the name be worth more than the annual value of the new conference's TV rights?

I would think that the name is worth less, but I'm sure they've got some "consultants" opining for them on how much it's worth.

If the name is worthless to everyone, the football schools keep it. If it is worthless to the football schools but valuable to the C7, then sell it. Who knows what it is worth?

I'm sure it's worth something to somebody. Hell, even the WAC name is apparently still worth something to somebody. I'm just saying that if the question is, "Would you pay $25 million for the right to use the Big East name?", my answer is, "No, I wouldn't pay that much."

YOU wouldn't, but you're not running Georgetown's or St John's or Butler's or VCU's (I'm still hoping) athletic programs.

Put it this way--the "value" of the Rose Bowl name is probably higher than the value of the Big East name. But only to someone who could plausibly use and profit from it. An LA stadium developer with an NFL team ready to move? Yes yes yes, $100M, $200M, $250M, I don't know where it stops. The new stadium they're building in Las Vegas? Er, maybe it would help. $10M? $50M?

The C-7? Zero. The Big East name really only has value in basketball, and only to the C-7 schools (and to Big East-by-pending-adoption schools like Butler and VCU or Richmond.) It should logically have had some value to UConn, Cincy and Temple and Memphis, but apparently not.

Only one buyer limits the value of the name, but there are really two buyers--the C7 buying the name, and the NBE leaving money on the table to keep it.

Interesting analogy in that I'm not sure the Rose Bowl name is worth that much taken out of its current context (i.e., the name of the stadium in Pasadena and the game that is played there [usually] on Jan. 1). Calling a stadium in Las Vegas "the Rose Bowl" would bring that Vegas stadium ridicule, not cachet. It would be like Kia buying the name "Mercedes-Benz" and slapping it on one of Kia's sedans.

Maybe buying the "Rose Bowl" name for the bowl game, not the stadium, would have some value -- e.g., I'm sure that the Orange Bowl and Cotton Bowl games think that their names have real value because they can lay claim to the history of the games even though they're now playing the games in newer stadiums out in the 'burbs rather than the old namesake stadiums.

Anyway, I still wouldn't pay $25 million for the right to the Big East name, but it does have some value and I guess it's worth whatever someone is willing to pay for it.

I think the "Rose Bowl" name is worth something for a football stadium anywhere in LA, as long as you had the bowl game there. But I'm not that familiar with southern California, so I don't know. Maybe it would be a joke anywhere but Pasadena.

I could even imagine some value in attaching the Rose Bowl name to semi-related projects adjacent to a football stadium--maybe an arena across the street ("Welcome to L.A. Clippers basketball, live from the Cisco Systems Rose Bowl Arena")

I threw the Las Vegas stadium idea out there because it's Vegas--they have the balls to try to make a claim like that work.

I don't know if St Johns/Georgetown/Villanova fans over-rate the value of the name, because it's been tied in with our success for 30 years, or if other people under-rate the value of the name to those schools and fanbases.
02-22-2013 02:58 PM
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Wedge Offline
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Post: #16
RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 02:58 PM)johnbragg Wrote:  I don't know if St Johns/Georgetown/Villanova fans over-rate the value of the name, because it's been tied in with our success for 30 years, or if other people under-rate the value of the name to those schools and fanbases.

Well, that's the basis of the negotiations over the name:

St Johns, Gtown, Nova want the Big East name because they see it as part of their basketball legacy.

Cincinnati, USF, UConn, and the incoming teams want the name because they're worried that any brand-new name would carry no more weight with sports fans than a name like "Conference USA".
02-22-2013 03:19 PM
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 03:19 PM)Wedge Wrote:  
(02-22-2013 02:58 PM)johnbragg Wrote:  I don't know if St Johns/Georgetown/Villanova fans over-rate the value of the name, because it's been tied in with our success for 30 years, or if other people under-rate the value of the name to those schools and fanbases.

Well, that's the basis of the negotiations over the name:

St Johns, Gtown, Nova want the Big East name because they see it as part of their basketball legacy.

Cincinnati, USF, UConn, and the incoming teams want the name because they're worried that any brand-new name would carry no more weight with sports fans than a name like "Conference USA".

I think recent developments prove that, without a critical mass of longtime Big East schools, the name doesn't help.
02-22-2013 04:08 PM
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
The big value of the name to the football schools is for AQ for 2013. Since the C7 seem to be staying through that season, the name becomes less important to the football schools in 2014, other than from a brand awareness perspective. So I think it comes down to who wants the name more? johnbragg really wants the name for his beloved C7 (dude, you're obsessed), but who's to say the presidents of the C7 are as enthusiastic about the name as he is?

The question of the reserve fund (exit fees) and future NCAA tourney credits based on past performance are what it comes down to. Entry fees really can't be counted as part of the reserve fund because they are simply withholdings of revenue distributions in 5 future years - of which the C7 will only be party to one. In my mind, the best deal is for the C7 to get a payout equal to their share of the exit fees ($10M from WVU, $2.5M from ND, $3.75M from Syracuse and Pitt respectively, and half of whatever the Rutgers/Louisville settlements turn out to be), their proportion of the NCAA tourney credits (what they contribute to future distributions), and for some consideration to be made by one side or the other for the name.
02-22-2013 09:39 PM
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apex_pirate Offline
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Post: #19
RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 04:08 PM)johnbragg Wrote:  
(02-22-2013 03:19 PM)Wedge Wrote:  
(02-22-2013 02:58 PM)johnbragg Wrote:  I don't know if St Johns/Georgetown/Villanova fans over-rate the value of the name, because it's been tied in with our success for 30 years, or if other people under-rate the value of the name to those schools and fanbases.

Well, that's the basis of the negotiations over the name:

St Johns, Gtown, Nova want the Big East name because they see it as part of their basketball legacy.

Cincinnati, USF, UConn, and the incoming teams want the name because they're worried that any brand-new name would carry no more weight with sports fans than a name like "Conference USA".

I think recent developments prove that, without a critical mass of longtime Big East schools, the name doesn't help.

Maybe on the financial side but that is far different that what the average joe thinks when he hears Big East vs. C-USA. That, my friend, does have value.
02-22-2013 09:53 PM
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RE: Speculation: How a C-7-Old Big East-New Big East deal could shape up
(02-22-2013 09:39 PM)CommuterBob Wrote:  The big value of the name to the football schools is for AQ for 2013. Since the C7 seem to be staying through that season, the name becomes less important to the football schools in 2014, other than from a brand awareness perspective. So I think it comes down to who wants the name more? johnbragg really wants the name for his beloved C7 (dude, you're obsessed), but who's to say the presidents of the C7 are as enthusiastic about the name as he is?

That's an unknown. We went from being the Redmen to the Red Storm, we'd suck it up as the Eastern 12 instead of the Big East.

Quote:The question of the reserve fund (exit fees) and future NCAA tourney credits based on past performance are what] it comes down to. Entry fees really can't be counted as part of the reserve fund because they are simply withholdings of revenue distributions in 5 future years - of which the C7 will only be party to one.

That makes sense, but apparently the Entry Fees go into the Realignment Reserve Fund. Which gets split with the C-7. Obviously, it adds insult to injury to the NBE schools, but that's what it is. There's no logical or moral justification for the C-7 to have any say or any financial interest in their entry fees. But if we're talking about logical or moral justification, then we get the name.

http://www.cbssports.com/collegefootball...ment-funds

Quote:In my mind, the best deal is for the C7 to get a payout equal to their share of the exit fees ($10M from WVU, $2.5M from ND, $3.75M from Syracuse and Pitt respectively, and half of whatever the Rutgers/Louisville settlements turn out to be), their proportion of the NCAA tourney credits (what they contribute to future distributions), and for some consideration to be made by one side or the other for the name.

If Aresco wants to play hardball about the name, and fight in court, then we fight in court. Which means we get half, Eddie. Half the exit fees, half the entry fees, and very likely 70% of the tournament credits, since the incoming schools aren't getting any of that.

And then we'll talk about the dollar value of the Big East name is, and the Aresco League gets to pay us half of THAT, too.
02-22-2013 10:02 PM
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