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mark blaudschun (@blauds)
3/7/13, 8:59 PM
Football family squabble holding up Big East-Catholic 7 divorce
>>What should have been a perfunctory announcement that the Catholic 7–Seton Hall, Georgetown, Marquette, Villanova, Providence, St. John’s and DePaul–was leaving the conference on June 30th form its own basketball dominated conference has spilled over into a family football fight among the old Big East schools–Connecticut, Cincinnati, and South Florida–and the new group, who will be joining the league on a full-time basis on July 1.
The issue: the nearly $100 million of actual and projected money that the Big East has and will collect in terms of exit fees and NCAA basketball shares. When the distribution percentages are settled, the payments will be made over 5-to 7 year period, according to a report in USA Today
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.<<
More to read... http://ajerseyguy.com/?p=5580
3/7/13, 8:59 PM
Football family squabble holding up Big East-Catholic 7 divorce
>>What should have been a perfunctory announcement that the Catholic 7–Seton Hall, Georgetown, Marquette, Villanova, Providence, St. John’s and DePaul–was leaving the conference on June 30th form its own basketball dominated conference has spilled over into a family football fight among the old Big East schools–Connecticut, Cincinnati, and South Florida–and the new group, who will be joining the league on a full-time basis on July 1.
The issue: the nearly $100 million of actual and projected money that the Big East has and will collect in terms of exit fees and NCAA basketball shares. When the distribution percentages are settled, the payments will be made over 5-to 7 year period, according to a report in USA Today
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.<<
More to read... http://ajerseyguy.com/?p=5580