UL will pay $11 million in exit fees to the AAC to join the ACC next year per Brett McMurphy.
We knew the move was happening, but we didn't know what the exit fee was going to be until today.
UL will pay $11 million in exit fees to the AAC to join the ACC next year per Brett McMurphy.
We knew the move was happening, but we didn't know what the exit fee was going to be until today.
Last edited by Dawg06; 11-13-2013 at 01:43 PM.
So a NET positive of $9 million or there abouts for them
''Don't be a bad dagh..."
It sounds like the exit fees would have been a lot more because the Big East by-laws required a 3-year notice for a school to leave, but...
Brett McMurphy @McMurphyESPN
In 2011 UL AD Tom Jurich, even w/out invite to another league, gave Big East notice UL would leave league
UL wasn't invited to the ACC until November 29, 2012.
Here's the full story.
http://espn.go.com/college-sports/st...ille-cardinals
Jurich saved UL $4 million.
Yep, best AD in the country in my opinion.
Notice how he took a "no-name" (yes they had some previous success in BB, that was about it though), non-power conference school and made them one. In the mid-seventies, Lousiville and Tech were basically of equal standing....
Rutgers reaches a buyout agreement to pay the AAC $11.5 million per McMurphy.
Heck! we beat Louisville in the 1977 Indy Bowl! But "equal standing?" That's a bit of a reach. UL was in the Metro Conference way back then...with Georgia Tech and Florida State headlining that league. Late 70's early 80's? Whenever it was.
Seriously? Judging by that article, doesn't look like it. Looks like Louisville, WV and Rutgers are the only ones who really came out of pocket. Seems to me that they could have left for nothing just as nearly all the rest of the conference did. What's worse is that he followed the bylaws which would have allowed for them to leave for free. Not only that, he did the very thing everyone on here raked BVDV over the coals for doing in regards to the promise of the Liberty Bowl. He didn't make it "official" by "getting in writing." He should have written the letter stating they were going to be leaving anyway even though the commissioner asked him not to do so. If that had been BVDV, most everyone on here would break out the tar and feathers. What was the point of making the announcement if you are going to pay anyway?
Here it tis: http://en.wikipedia.org/wiki/Metro_Conference
With the move to the Big Ten, Rutgers is expecting an increase in revenues of $200 million over the next 12 years.
Last edited by Dawg06; 02-12-2014 at 03:34 PM.
Does this mean anything or not? What I mean is, now that the ACC schools locked in, will this generate any significant movement?