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Post by Henry Skrimshander on Aug 10, 2023 18:37:26 GMT -8
The entire $420 million is not due before Aug. 1. NCAA basketball disbursements from 2020-on will extend through 2025 and beyond.
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Post by drunkandstoopidbeav on Aug 10, 2023 18:37:45 GMT -8
The $420 million comes to mind. I don't understand why people think the remaining 4 have any right to the money that was slotted to all conference members as a whole through the 23-24 season. They aren't leaving until after that money is allocated to them per the contract. When Colorado and Utah left the Big 12 it apparently kept their shares to help the conference survive. Precedent. The NCAA pays the conference over multiple years for its bowl/tournament appearances. The money that came in during the years after teams leave has traditionally been the conference's. |
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Post by ee1990 on Aug 10, 2023 18:39:17 GMT -8
But that next distribution is going to occur before August 1 2024 when the hateful 8 leave. That's when our media deal expires, and when our guaranteed playoff spot expires. There's a reason they are leaving officially in August '24. 420 million reasons. This will also mean the $70,000,000 owed to Comcast will be split between all 12 schools. As long as your a member up to the last day the contract in the pac ends for everyone everyone gets the spoils. They would be out in June if it was not for that. Exactly, this is going well beyond false hope. The media deal is basically the contract that defines the conference itself as an entity. There effectively is no conference after 8/1/24, nothing that legally binds any of the teams from departing. |
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Post by ee1990 on Aug 10, 2023 18:41:11 GMT -8
I don't understand why people think the remaining 4 have any right to the money that was slotted to all conference members as a whole through the 23-24 season. They aren't leaving until after that money is allocated to them per the contract. When Colorado and Utah left the Big 12 it apparently kept their shares to help the conference survive. Precedent. Utah was never in the Big-12 and when Colorado left it was in the middle of the conference's media deal, of course they didn't keep paying them. They paid them what they were owed for the last year they participated as a member of that conference, just like the teams leaving the Pac are going to be paid. The Big-12 didn't refuse to pay Colorado for its last year in the conference, which is what we're suggesting should happen here. |
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Post by sparty on Aug 10, 2023 18:49:03 GMT -8
The entire $420 million is not due before Aug. 1. NCAA basketball disbursements from 2020-on will extend through 2025 and beyond. To something that likely may not exist or have a mailing address after August 2024. I would like to see the fine print though. |
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Post by Henry Skrimshander on Aug 10, 2023 18:49:35 GMT -8
If there is money remaining in the conference coffers when it formally disbands, it just doesn''t disappear. It will be distributed among the remaining members at the time of dissolution. After 8/1/24, that is us, Wazzu and the Bay Area schools.
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Post by ee1990 on Aug 10, 2023 20:07:00 GMT -8
The media rights distributions are not going to be withheld from the programs that participated in the conference during the years of that contract. If there's money left after that, awesome.
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Post by flyfishinbeav on Aug 10, 2023 20:29:09 GMT -8
cut back on beer.....it's a win win yeah, that's not gonna happen. Yea.....and beer has gotten expensive! |
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Post by rgeorge on Aug 10, 2023 23:14:31 GMT -8
The media rights distributions are not going to be withheld from the programs that participated in the conference during the years of that contract. If there's money left after that, awesome. Unless the Pac12 changes is current bylaws that's exactly what happens. The $ owed, NCAA & media is conference money. It's not school money. If you're not a member of the conference when a disbursement is made you don't get your share. Those schools are now getting B12 or B10 shares... or partials... whatever they agreed to. Leaving that $ and taking their school elsewhere was part of their considerations. Again, could the majority that left move to change Pac12 bylaws? Maybe. But, they need 75% or 9 votes. So unless Cal or Furd also leave they'll never get the 9th. And, they'd surely have a legal fight if so. They're not going to be allowed to double dip at the expense of the remaining members. |
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Post by drunkandstoopidbeav on Aug 11, 2023 8:20:03 GMT -8
The $420 million comes to mind. I don't understand why people think the remaining 4 have any right to the money that was slotted to all conference members as a whole through the 23-24 season. They aren't leaving until after that money is allocated to them per the contract. The Seattle Times just explained this. Basically, because of the bylaws, if the conference rebuilds, those who stick around are entitled to the residual payouts due after 8/1/24. If everbody leaves the conference dissolves and all likely share what's leftover. www.seattletimes.com/sports/wsu-cougars/mailbag-cash-available-for-pac-4-options-for-wsu-and-osu-and-more/ |
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Post by ee1990 on Aug 11, 2023 8:44:54 GMT -8
I don't understand why people think the remaining 4 have any right to the money that was slotted to all conference members as a whole through the 23-24 season. They aren't leaving until after that money is allocated to them per the contract. The Seattle Times just explained this. Basically, because of the bylaws, if the conference rebuilds, those who stick around are entitled to the residual payouts due after 8/1/24. If everbody leaves the conference dissolves and all likely share what's leftover. www.seattletimes.com/sports/wsu-cougars/mailbag-cash-available-for-pac-4-options-for-wsu-and-osu-and-more/Which is not going to be $420,000,000 after the comcast payout and the contracted media payouts to the rest of the conference. Hopefully it's a nice chunk of change but people who think the 4 are going to get $100,000,000 aren't pay attention. |
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Post by ee1990 on Aug 11, 2023 8:47:56 GMT -8
The media rights distributions are not going to be withheld from the programs that participated in the conference during the years of that contract. If there's money left after that, awesome. Unless the Pac12 changes is current bylaws that's exactly what happens. The $ owed, NCAA & media is conference money. It's not school money. If you're not a member of the conference when a disbursement is made you don't get your share. Those schools are now getting B12 or B10 shares... or partials... whatever they agreed to. Leaving that $ and taking their school elsewhere was part of their considerations. Again, could the majority that left move to change Pac12 bylaws? Maybe. But, they need 75% or 9 votes. So unless Cal or Furd also leave they'll never get the 9th. And, they'd surely have a legal fight if so. They're not going to be allowed to double dip at the expense of the remaining members. You're seriously suggesting that the current members of the conference are going to vote to change the by-laws to cost 8 of those members tens of millions of dollars? I don't understand why people don't understand that these programs are in good standing with the conference if they don't leave before 8/1/24. USC and UCLA would be in the B1G right now if that were the case. They aren't abandoning the media payments they are legally entitled to by exiting the conference AFTER serving the entirety of the contract and leaving after the July 1 expiration. Why_in_the_world do you think they're leaving in August 2024 and not after the 23-24 season ends? They are honoring the contract and by-laws, as much as that upsets people. After this last season's payouts there was ~43 million left. If there will be $420,000,000 ~$360,000,000 of that will be distributed as the standard revenue share, which will be reduced by the 50? million the conference owes Comcast. That leaves $60,000,000 for the 4 teams, which is great, right? But let's keep it real. |
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Post by rgeorge on Aug 11, 2023 9:05:00 GMT -8
Unless the Pac12 changes is current bylaws that's exactly what happens. The $ owed, NCAA & media is conference money. It's not school money. If you're not a member of the conference when a disbursement is made you don't get your share. Those schools are now getting B12 or B10 shares... or partials... whatever they agreed to. Leaving that $ and taking their school elsewhere was part of their considerations. Again, could the majority that left move to change Pac12 bylaws? Maybe. But, they need 75% or 9 votes. So unless Cal or Furd also leave they'll never get the 9th. And, they'd surely have a legal fight if so. They're not going to be allowed to double dip at the expense of the remaining members. You're seriously suggesting that the current members of the conference are going to vote to change the by-laws to cost 8 of those members tens of millions of dollars? I don't understand why people don't understand that these programs are in good standing with the conference if they don't leave before 8/1/24. USC and UCLA would be in the B1G right now if that were the case. They aren't abandoning the media payments they are legally entitled to by exiting the conference AFTER serving the entirety of the contract and leaving after the July 1 expiration. Why_in_the_world do you think they're leaving in August 2024 and not after the 23-24 season ends? They are honoring the contract and by-laws, as much as that upsets people. Do you just make crap up or just talk in circles thinking you know more than others?? Or do you just not read/comprehend well. The current bylaws are as stated by me, and in an article attached for you casual reading pleasure. Although you'll probably argue that too!? The change in bylaws I mentioned would be an attempt by the (8) to change the current disbursement rules to allow them to try to collect moneys after they leave. Pretty simple. The supposed/estimated $420 million is NOT paid out in one disbursement. The (8) that will not longer be part of the Pac12 on 8/1/24 are not eligible to receive any of the remaining disbursements. again, another pretty simple concept. |
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Post by ee1990 on Aug 11, 2023 9:08:11 GMT -8
You're seriously suggesting that the current members of the conference are going to vote to change the by-laws to cost 8 of those members tens of millions of dollars? I don't understand why people don't understand that these programs are in good standing with the conference if they don't leave before 8/1/24. USC and UCLA would be in the B1G right now if that were the case. They aren't abandoning the media payments they are legally entitled to by exiting the conference AFTER serving the entirety of the contract and leaving after the July 1 expiration. Why_in_the_world do you think they're leaving in August 2024 and not after the 23-24 season ends? They are honoring the contract and by-laws, as much as that upsets people. Do you just make crap up or just talk in circles thinking you know more than others?? Or do you just not read/comprehend well. The current bylaws are as stated by me, and in an article attached for you casual reading pleasure. Although you'll probably argue that too!? The change in bylaws I mentioned would be an attempt by the (8) to change the current disbursement rules to allow them to try to collect moneys after they leave. Pretty simple. The supposed/estimated $420 million is NOT paid out in one disbursement. The (8) that will not longer be part of the Pac12 on 8/1/24 are not eligible to receive any of the remaining disbursements. again, another pretty simple concept. FFS you don't get this at all. Why do you think there is currently only 42.7 million? Because the general revenue was paid out to all 12 teams, just like it will happen for 23-24. Did you even read the article? I'm not talking in circles, I'm stating the same plain as day thing over and over and over again but you're too blinded by hope and rage at the situation to approach a rational thought. |
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Post by rgeorge on Aug 11, 2023 9:08:45 GMT -8
I don't understand why people think the remaining 4 have any right to the money that was slotted to all conference members as a whole through the 23-24 season. They aren't leaving until after that money is allocated to them per the contract. The Seattle Times just explained this. Basically, because of the bylaws, if the conference rebuilds, those who stick around are entitled to the residual payouts due after 8/1/24. If everbody leaves the conference dissolves and all likely share what's leftover. www.seattletimes.com/sports/wsu-cougars/mailbag-cash-available-for-pac-4-options-for-wsu-and-osu-and-more/Thanks for the attached article. I tried to find/link, but could not. And, I figured this was a topic so bandied about here it was pretty common knowledge. But, I guess someone has a difficult time reading and/or with comprehension, or thinks they know more than the actual conference bylaws?? No matter the actual $ at stake, it seems to be a pretty simple concept to understand! |
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