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Jersey Guy: New and Old football schools fighting over the money
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Louis Kitton Offline
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Jersey Guy: New and Old football schools fighting over the money
Quote:The argument: The new schools, headed by Memphis, SMU and Central Florida, objected to a distribution plan which would have given the old schools as much as 90 percent of that total. The new schools wanted a much more even distribution, arguing that the Big East conference which existed when they made the decision to join had change dramatically in the past several months. So much in fact, that they should be compensated on a more equitable basis.

The old schools said that that none of the schools–with the exception of Temple which joined as a member in football last July–had done anything to contribute to the money that was in the fund and did not deserve a greater share than the $10 to 15 million which had been originally proposed.

The new schools countered with the argument that had they known about all of the defections and the drastic reduction of the television deal the Big East signed–a drop from a previous offer by ESPN of $151 million a year to slightly less than $30 million–they might not have agreed to join the league and that without their participation, Big East football would not even exist.

The old schools said th none of the new schools were being courted by the major BCS leagues and the best offer they could have received was from the Mountain West, whose new contract is still LESS per year than the deal ESPN and the Big East agreed to last month.

http://ajerseyguy.com/
03-07-2013 09:23 PM
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Post: #2
RE: Jersey Guy: New and Old football schools fighting over the money
(03-07-2013 09:23 PM)Louis Kitton Wrote:  
Quote:The argument: The new schools, headed by Memphis, SMU and Central Florida, objected to a distribution plan which would have given the old schools as much as 90 percent of that total. The new schools wanted a much more even distribution, arguing that the Big East conference which existed when they made the decision to join had change dramatically in the past several months. So much in fact, that they should be compensated on a more equitable basis.

The old schools said that that none of the schools–with the exception of Temple which joined as a member in football last July–had done anything to contribute to the money that was in the fund and did not deserve a greater share than the $10 to 15 million which had been originally proposed.

The new schools countered with the argument that had they known about all of the defections and the drastic reduction of the television deal the Big East signed–a drop from a previous offer by ESPN of $151 million a year to slightly less than $30 million–they might not have agreed to join the league and that without their participation, Big East football would not even exist.

The old schools said th none of the new schools were being courted by the major BCS leagues and the best offer they could have received was from the Mountain West, whose new contract is still LESS per year than the deal ESPN and the Big East agreed to last month.

http://ajerseyguy.com/

Well if they didn't join, then UC/UC/USF would be getting 100% of the money. And those 3 would have been invited to CUSA. So its not much of an argument for the new schools.
03-07-2013 09:42 PM
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RE: Jersey Guy: New and Old football schools fighting over the money
(03-07-2013 09:42 PM)bullet Wrote:  [quote='Louis Kitton' pid='9060652' dateline='1362709433']

Well if they didn't join, then UC/UC/USF would be getting 100% of the money. And those 3 would have been invited to CUSA. So its not much of an argument for the new schools.

No, Big East football would have shut down, and the C-7 would have taken all the money, plus exit fees from UConn, UC and USF, unless they wanted to play football in the MAC.
(This post was last modified: 03-07-2013 09:47 PM by johnbragg.)
03-07-2013 09:46 PM
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stever20 Offline
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RE: Jersey Guy: New and Old football schools fighting over the money
(03-07-2013 09:42 PM)bullet Wrote:  
(03-07-2013 09:23 PM)Louis Kitton Wrote:  
Quote:The argument: The new schools, headed by Memphis, SMU and Central Florida, objected to a distribution plan which would have given the old schools as much as 90 percent of that total. The new schools wanted a much more even distribution, arguing that the Big East conference which existed when they made the decision to join had change dramatically in the past several months. So much in fact, that they should be compensated on a more equitable basis.

The old schools said that that none of the schools–with the exception of Temple which joined as a member in football last July–had done anything to contribute to the money that was in the fund and did not deserve a greater share than the $10 to 15 million which had been originally proposed.

The new schools countered with the argument that had they known about all of the defections and the drastic reduction of the television deal the Big East signed–a drop from a previous offer by ESPN of $151 million a year to slightly less than $30 million–they might not have agreed to join the league and that without their participation, Big East football would not even exist.

The old schools said th none of the new schools were being courted by the major BCS leagues and the best offer they could have received was from the Mountain West, whose new contract is still LESS per year than the deal ESPN and the Big East agreed to last month.

http://ajerseyguy.com/

Well if they didn't join, then UC/UC/USF would be getting 100% of the money. And those 3 would have been invited to CUSA. So its not much of an argument for the new schools.

not really. The money would have remained with the C7 for the most part, and all Cincy, UConn, and USF would have would be their hoops units.
03-07-2013 09:46 PM
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1845 Bear Offline
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RE: Jersey Guy: New and Old football schools fighting over the money
Fact is the remaining 3 deserve the majority but it's not very good to bait and switch the newbies. Shave enough off to cover the entrance fee, CUSA exit fee, and a little extra cash. Still leaves the holdover 3 with a ton of money but keeps the newbies from being screwed.
03-07-2013 09:59 PM
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bitcruncher Offline
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RE: Jersey Guy: New and Old football schools fighting over the money
(03-07-2013 09:46 PM)stever20 Wrote:  
(03-07-2013 09:42 PM)bullet Wrote:  
(03-07-2013 09:23 PM)Louis Kitton Wrote:  
Quote:The argument: The new schools, headed by Memphis, SMU and Central Florida, objected to a distribution plan which would have given the old schools as much as 90 percent of that total. The new schools wanted a much more even distribution, arguing that the Big East conference which existed when they made the decision to join had change dramatically in the past several months. So much in fact, that they should be compensated on a more equitable basis.

The old schools said that that none of the schools–with the exception of Temple which joined as a member in football last July–had done anything to contribute to the money that was in the fund and did not deserve a greater share than the $10 to 15 million which had been originally proposed.

The new schools countered with the argument that had they known about all of the defections and the drastic reduction of the television deal the Big East signed–a drop from a previous offer by ESPN of $151 million a year to slightly less than $30 million–they might not have agreed to join the league and that without their participation, Big East football would not even exist.

The old schools said th none of the new schools were being courted by the major BCS leagues and the best offer they could have received was from the Mountain West, whose new contract is still LESS per year than the deal ESPN and the Big East agreed to last month.

http://ajerseyguy.com/
Well if they didn't join, then UC/UC/USF would be getting 100% of the money. And those 3 would have been invited to CUSA. So its not much of an argument for the new schools.
not really. The money would have remained with the C7 for the most part, and all Cincy, UConn, and USF would have would be their hoops units.
If the football side of the conference collapses, and the non-football schools leave the conference, the conference is dissolved. A lot of that money should revert to the schools that earned it in the first place...
03-07-2013 10:08 PM
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stever20 Offline
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RE: Jersey Guy: New and Old football schools fighting over the money
(03-07-2013 10:08 PM)bitcruncher Wrote:  
(03-07-2013 09:46 PM)stever20 Wrote:  
(03-07-2013 09:42 PM)bullet Wrote:  
(03-07-2013 09:23 PM)Louis Kitton Wrote:  
Quote:The argument: The new schools, headed by Memphis, SMU and Central Florida, objected to a distribution plan which would have given the old schools as much as 90 percent of that total. The new schools wanted a much more even distribution, arguing that the Big East conference which existed when they made the decision to join had change dramatically in the past several months. So much in fact, that they should be compensated on a more equitable basis.

The old schools said that that none of the schools–with the exception of Temple which joined as a member in football last July–had done anything to contribute to the money that was in the fund and did not deserve a greater share than the $10 to 15 million which had been originally proposed.

The new schools countered with the argument that had they known about all of the defections and the drastic reduction of the television deal the Big East signed–a drop from a previous offer by ESPN of $151 million a year to slightly less than $30 million–they might not have agreed to join the league and that without their participation, Big East football would not even exist.

The old schools said th none of the new schools were being courted by the major BCS leagues and the best offer they could have received was from the Mountain West, whose new contract is still LESS per year than the deal ESPN and the Big East agreed to last month.

http://ajerseyguy.com/
Well if they didn't join, then UC/UC/USF would be getting 100% of the money. And those 3 would have been invited to CUSA. So its not much of an argument for the new schools.
not really. The money would have remained with the C7 for the most part, and all Cincy, UConn, and USF would have would be their hoops units.
If the football side of the conference collapses, and the non-football schools leave the conference, the conference is dissolved. A lot of that money should revert to the schools that earned it in the first place...

not so much- that would have been where the conference just would have stopped sponsoring football at that point.
03-07-2013 10:17 PM
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bearcat29 Offline
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RE: Jersey Guy: New and Old football schools fighting over the money
The old BE lived for years on animosity and distrust...why not start new and build on the same foundation.

I get what the new schools are saying, but it is still a (small) step up
in prestige and money. They did not earn any of those credits and were not in the conference when this all went down. Hold pat, I hope all 3 left overs get in the ACC.
03-07-2013 10:35 PM
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boss man Offline
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RE: Jersey Guy: New and Old football schools fighting over the money
The new schools are puttingup a totally logical argument. They all joined the Big East...not America12. They joined a conference that included many other schools. Many schools defected, and the remaining 3 FB schools are trying to hoard major bucks by selling the Big East conference name BEFORE the new schools come on board.

It's good to see AD Bowen at MEMPHIS helping lead this charge.

As others have noted, the old 3 would be OUT a lot of this money if the new schools had not joined.

The C-7 can't be liking this delay in the divorce. Basically, it comes down to how greedy the old 3 decide to be. They could give each new school $5mm of this windfall and waive the entry fees, and STILL rack up $20mm each. Then the deal is signed and everyone makes nice.

OR...the old 3 could refuse to budge, insisting on $30mm each for themselves. I'm fairly sure the new schools could then find a friendly judge in Memphis or Orlando or Dallas who will throw an injuction on the whole sale, and delay this divorce. Maybe even end up forcing the C-7 to stay the next season. Too cool. Would those BB games in the final year of the Big East be a war or what? Must see TV, LOL!!

Oh, and then we get to go through this financial split discussion in April 2014, with one major difference. The new schools would have the majority votes.

Once again, I ask the old 3 to cut their greed by about 33% and close this deal.
(This post was last modified: 03-07-2013 10:43 PM by boss man.)
03-07-2013 10:42 PM
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RE: Jersey Guy: New and Old football schools fighting over the money
jersey guy is over dramatizing this.

Will be worked out soon. Still being discussed, but not the huge arguments that he suggests.

Stop living and dying on every word jersey guy says like it's the absolute truth.
03-07-2013 10:48 PM
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RE: Jersey Guy: New and Old football schools fighting over the money
(03-07-2013 09:23 PM)Louis Kitton Wrote:  
Quote:The argument: The new schools, headed by Memphis, SMU and Central Florida, objected to a distribution plan which would have given the old schools as much as 90 percent of that total. The new schools wanted a much more even distribution, arguing that the Big East conference which existed when they made the decision to join had change dramatically in the past several months. So much in fact, that they should be compensated on a more equitable basis.

The old schools said that that none of the schools–with the exception of Temple which joined as a member in football last July–had done anything to contribute to the money that was in the fund and did not deserve a greater share than the $10 to 15 million which had been originally proposed.

The new schools countered with the argument that had they known about all of the defections and the drastic reduction of the television deal the Big East signed–a drop from a previous offer by ESPN of $151 million a year to slightly less than $30 million–they might not have agreed to join the league and that without their participation, Big East football would not even exist.

The old schools said th none of the new schools were being courted by the major BCS leagues and the best offer they could have received was from the Mountain West, whose new contract is still LESS per year than the deal ESPN and the Big East agreed to last month.

http://ajerseyguy.com/

I guess Houston and Temple didn't give a crap. Some schools have already moved toward the "acceptance" phase.

The Big East has been a Big Joke for all those schools involved, but it's been message board GOLD for all of us.

04-cheers







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(This post was last modified: 03-07-2013 10:57 PM by Blackhawk-eye.)
03-07-2013 10:52 PM
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RE: Jersey Guy: New and Old football schools fighting over the money
(03-07-2013 10:17 PM)stever20 Wrote:  
(03-07-2013 10:08 PM)bitcruncher Wrote:  
(03-07-2013 09:46 PM)stever20 Wrote:  
(03-07-2013 09:42 PM)bullet Wrote:  
(03-07-2013 09:23 PM)Louis Kitton Wrote:  
Well if they didn't join, then UC/UC/USF would be getting 100% of the money. And those 3 would have been invited to CUSA. So its not much of an argument for the new schools.
not really. The money would have remained with the C7 for the most part, and all Cincy, UConn, and USF would have would be their hoops units.
If the football side of the conference collapses, and the non-football schools leave the conference, the conference is dissolved. A lot of that money should revert to the schools that earned it in the first place...
not so much- that would have been where the conference just would have stopped sponsoring football at that point.
The Catholic schools are leaving the conference, even though they're going to take the name with them. The football schools didn't go anywhere. They just happened to stick around long enough to see the conference collapse. So I doubt you're right on this one...
03-07-2013 11:11 PM
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solohawks Online
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RE: Jersey Guy: New and Old football schools fighting over the money
UConn, Cincy, and USF should come to a more equitable agreement with the new schools. If the new schools had been smart and just stayed in CUSA they could have invited UConn, Cincy, USF and Temple to have a solid 16 team Eastern/Southern/Southwestern CUSA. UConn, Cincy, and USF would have been forced to leave the Big East and join this CUSA or else play football only in the MAC with Temple. The C7 would have LOVED this b/c they would have reaped 100% of the exit fees b/c the Big East conference was never a threat to collapse, just big east football.

What should have been:

CUSA East: UConn, Temple, Cincy, USF, UCF, ECU, Marshall, UAB
CUSA West: UTEP, Rice, Houston, SMU, Tulsa, Tulane, S Miss, Memphis
03-07-2013 11:35 PM
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RE: Jersey Guy: New and Old football schools fighting over the money
Yes the leftover 3 deserve the money because the incoming schools have never played in the Big East. However, like retail stores when you want to make new customers happy you don't slap them with a bunch of high cost when you don't have too.

Be honest UC, UConn, Temple, and USF are worth no where near as much as they think they are because your adding a bunch of media markets like Orlando, Houston, Memphis, Dallas, and the contract is still small. I actually have my doubts that any of the 3 would actually add to a tv deal in a power conference. Bottom line is that like it or not you better get used to being best friends with your new company unless you guys start pushing out a Boise State like run. I see Houston being the only team that may do that.
03-07-2013 11:46 PM
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UConn-SMU Offline
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RE: Jersey Guy: New and Old football schools fighting over the money
Waive the entrance fees for the new schools and give them $100,000 toward their C-USA exit fee. That's it.

The new schools don't deserve the exit fee money from Pitt & Syracuse; those schools announced they were going to the ACC before ECU and Memphis were even invited. UConn played over 30 years in the same conference with Syracuse & Pitt; UConn deserves to keep that money.
03-07-2013 11:52 PM
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RE: Jersey Guy: New and Old football schools fighting over the money
(03-07-2013 11:52 PM)UConn-SMU Wrote:  Waive the entrance fees for the new schools and give them $100,000 toward their C-USA exit fee. That's it.

The new schools don't deserve the exit fee money from Pitt & Syracuse; those schools announced they were going to the ACC before ECU and Memphis were even invited. UConn played over 30 years in the same conference with Syracuse & Pitt; UConn deserves to keep that money.

Be honest since Houston and UCF were invited how many teams have left like 12? Not the Big East that they left their old conference for even if it is a slight step up they gave up stability.

I have heard nothing negative from UH or UCF this whole process that is the kind of members you should want to associate with. Even if you don't want to stay it's your home and no point of pissing of your new company.
03-08-2013 12:04 AM
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RE: Jersey Guy: New and Old football schools fighting over the money
CONN/CIN/USF deserve to split the ALL of the exit fee money. The other teams were not in the conference when Pitt/WVU/SYR/TCU left. This is only about $40m-50m.

The majority of is $100m is not exit fees, but NCAA tournament credits paid to the Big East over the next 6 years, based on the previous 6 year tournament performance. This money was always split equally between the conference teams, regardless of performance. Rutgers, who never earned a single dollar of NCAA tournament money for the Big East, got an equal share as Syr/UConn. Memphis is leaving behind millions of dollars in NCAA credits, that they earned, to join the new conference.

It they wanted to be "fair", they should give this money back to ND/Pitt/Syr/Lou/WVU who actually EARNED this future money for the conference. If the Big East disbanded, this future revenue would go back to the teams that earned it.

WVU/TCU get a equal share of B12 NCAA revenue.
Pitt/ND/Lou/Syr will get an equal share of ACC NCAA revenue.
America 12 new members? Sorry that our our money.

This NCAA revenue is the money that the C-7 share should come out of, and the remainder should be shared more equally.

I feel bad for the three teams left behind, but they have to make the best of their current situation. Hoarding this money all for themselves, while your new conference partners are also struggling, is not a great way to start a new conference.
03-08-2013 04:17 AM
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Melky Cabrera Offline
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RE: Jersey Guy: New and Old football schools fighting over the money
(03-08-2013 04:17 AM)94panther Wrote:  CONN/CIN/USF deserve to split the ALL of the exit fee money. The other teams were not in the conference when Pitt/WVU/SYR/TCU left. This is only about $40m-50m.

The majority of is $100m is not exit fees, but NCAA tournament credits paid to the Big East over the next 6 years, based on the previous 6 year tournament performance. This money was always split equally between the conference teams, regardless of performance. Rutgers, who never earned a single dollar of NCAA tournament money for the Big East, got an equal share as Syr/UConn. Memphis is leaving behind millions of dollars in NCAA credits, that they earned, to join the new conference.

It they wanted to be "fair", they should give this money back to ND/Pitt/Syr/Lou/WVU who actually EARNED this future money for the conference. If the Big East disbanded, this future revenue would go back to the teams that earned it.

WVU/TCU get a equal share of B12 NCAA revenue.
Pitt/ND/Lou/Syr will get an equal share of ACC NCAA revenue.
America 12 new members? Sorry that our our money.

This NCAA revenue is the money that the C-7 share should come out of, and the remainder should be shared more equally.

I feel bad for the three teams left behind, but they have to make the best of their current situation. Hoarding this money all for themselves, while your new conference partners are also struggling, is not a great way to start a new conference.

You're joking, right? 03-lmfao

Pitt knew what it was doing when it left. It knew that it was giving up any claim on NCAA tourney credits unless the conference disbanded.

BTW, the majority of the $100+ million is not NCAA tourney credits. You forgot about entry fees.
03-08-2013 05:54 AM
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RE: Jersey Guy: New and Old football schools fighting over the money
(03-07-2013 11:11 PM)bitcruncher Wrote:  
(03-07-2013 10:17 PM)stever20 Wrote:  
(03-07-2013 10:08 PM)bitcruncher Wrote:  
(03-07-2013 09:46 PM)stever20 Wrote:  
(03-07-2013 09:42 PM)bullet Wrote:  Well if they didn't join, then UC/UC/USF would be getting 100% of the money. And those 3 would have been invited to CUSA. So its not much of an argument for the new schools.
not really. The money would have remained with the C7 for the most part, and all Cincy, UConn, and USF would have would be their hoops units.
If the football side of the conference collapses, and the non-football schools leave the conference, the conference is dissolved. A lot of that money should revert to the schools that earned it in the first place...
not so much- that would have been where the conference just would have stopped sponsoring football at that point.
The Catholic schools are leaving the conference, even though they're going to take the name with them. The football schools didn't go anywhere. They just happened to stick around long enough to see the conference collapse. So I doubt you're right on this one...

But if the Replacements didn't show up, there wouldn't have been any need for the split. The football league would have collapsed, and the leftovers would have left and paid exit fees, or stayed and found football-only homes, or gone indy.

Unless you're saying the Replacements back out as a group. Then the uncollected exit fees stay that way and the NCAA tournament credits go back to Syracuse, Louisville, West Virginia and Pitt. (I think that if the C7 and the leftovers keep theirs, then Notre Dame would to, but I dunno.)
03-08-2013 05:55 AM
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Melky Cabrera Offline
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RE: Jersey Guy: New and Old football schools fighting over the money
(03-08-2013 05:55 AM)johnbragg Wrote:  
(03-07-2013 11:11 PM)bitcruncher Wrote:  
(03-07-2013 10:17 PM)stever20 Wrote:  
(03-07-2013 10:08 PM)bitcruncher Wrote:  
(03-07-2013 09:46 PM)stever20 Wrote:  not really. The money would have remained with the C7 for the most part, and all Cincy, UConn, and USF would have would be their hoops units.
If the football side of the conference collapses, and the non-football schools leave the conference, the conference is dissolved. A lot of that money should revert to the schools that earned it in the first place...
not so much- that would have been where the conference just would have stopped sponsoring football at that point.
The Catholic schools are leaving the conference, even though they're going to take the name with them. The football schools didn't go anywhere. They just happened to stick around long enough to see the conference collapse. So I doubt you're right on this one...

But if the Replacements didn't show up, there wouldn't have been any need for the split. The football league would have collapsed, and the leftovers would have left and paid exit fees, or stayed and found football-only homes, or gone indy.

Unless you're saying the Replacements back out as a group. Then the uncollected exit fees stay that way and the NCAA tournament credits go back to Syracuse, Louisville, West Virginia and Pitt. (I think that if the C7 and the leftovers keep theirs, then Notre Dame would to, but I dunno.)

If the replacements back out as a group, then UConn, Cincy, & USF simply find different replacements. They only need a total of 7 members to be a recognized league. I'm sure that there would be no shortage of applicants to become new replacements. In that case, nothing changes.
03-08-2013 06:10 AM
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