BEC, WVU near $20 million settlement: CBS-Brett McMurphy

Say it all here
Forum rules
NOTICE: Please be sure to check the CFP Message Board Rules and Regulations and the Read Me page before posting.
User avatar
wvjohn
Coordinator
Coordinator
Posts: 830
Joined: Mon Jul 17, 2006 3:06 pm
Location: Kermit, West Virginia Almost Heaven

BEC, WVU near $20 million settlement: CBS-Brett McMurphy

Postby wvjohn » Wed Feb 08, 2012 8:02 pm

CBS Sports
Brett McMurphy
McMurphy's Law


West Virginia and the Big East Conference are nearing agreement on a settlement worth at least $20 million that would resolve all issues between both parties, college football industry sources told CBSSports.com.

The Mountaineers will join the Big 12 for the 2012-13 school year. However, in a bizarre twist, sources told CBSSports.com that West Virginia officials have contacted future Big East members to see if one could join in 2012 instead of 2013.

The reason is that with West Virginia’s departure to the Big 12, the Big East will be left with only seven football members this fall. Without an immediate replacement for West Virginia, the remaining Big East schools will be scrambling to find a 12th opponent. It’s unknown why West Virginia would assist a league that WVU athletic director Oliver Luck compared to “a ship … seriously going down,” except that it could lower West Virginia’s buyout, sources said.

Luck did not immediately respond to an e-mail seeking comment.

Despite lawsuits filed by West Virginia and the Big East, West Virginia still plans to join the Big 12 this year. The Big 12 has already sent its 2012 schedule, with West Virginia on it, to its television partners and is expected to publicly release the schedule this week.

While WVU has always planned to join in 2012, Big East commissioner John Marinatto has stated on multiple occasions, including Wednesday, that the league would require West Virginia to honor the league’s 27-month exit agreement. However, sources said privately the league has conceded they can’t stop West Virginia from leaving.

The Big East, though, likely would receive substantial monetary damages. Even Florida State athletic director Randy Spetman said his school might seek liquidated damages against WVU after WVU canceled a Sept. 8 game at Florida State, the Orlando Sentinel reported.

The $20 million settlement figure is believed to be contingent on the Big East being able to get a replacement for West Virginia in 2012 and certainly could increase if it had to play with only seven members in 2012. It’s unknown if that $20 million figure includes the $5 million West Virginia paid upon notifying the Big East last October it was bolting to the Big 12.

Acting Big 12 commissioner Chuck Neinas recently told the West Virginia media that the Big 12 would consider assisting the Mountaineers financially with their exit fee, if the school asked.

Marinatto, who was on a teleconference Wednesday to announce Memphis joining the league in 2013, would not comment on whether the Big East is trying to bring in a member in 2012 or if they would help a future member financially to leave its current conference home.

“The question is related to the impending litigation we're involved in on two fronts," Marinatto said. "It would be inappropriate for me to get into specifics about all of that at this point. I'm going to not talk about that."
Boise State, San Diego State, UCF, SMU, Houston and Memphis are scheduled to join the Big East in 2013 with Navy coming on board in 2015. Marinatto added the Big East would not stage a conference championship football game until 2015 when Navy would - at least for now - become its 12th football playing member.
Big 12

FEAR NONE RESPECT ALL

IT IS A GREAT DAY TO BE A MOUNTAINEER WHERE EVER YOU MAY BE

Return to “General Discussion”

Who is online

Users browsing this forum: Bing [Bot] and 56 guests