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Post by rgeorge on Aug 11, 2023 9:11:47 GMT -8
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? The Pac-12 CHIEF FINANCIAL OFFICER clears it up pretty plainly. 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.  Wow... look in the mirror. And the money being talked about are the $ due after '23-24. They will not be split (12) ways as long as there is a conference. FFS... you don't get/read this at all |
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Post by ee1990 on Aug 11, 2023 9:14:27 GMT -8
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? The Pac-12 CHIEF FINANCIAL OFFICER clears it up pretty plainly. 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. Wow... look in the mirror. And the money being talked about are the $ due after '23-24. They will not be split (12) ways as long as there is a conference. FFS... you don't get/read this at all This irony is insane. You are off your rocker. My original statement in this thread that you can't read is that the conference will pay out the full revenue shares to the 8 teams leaving. I made no statement about whatever the leftovers might be. You say I can't read and then tout and article that completely refutes what you're saying and completely backs up what I'm saying. The 420 million is going to be used to pay out the full revenue shares to all 12 teams. Period. "you people" are suggesting that someone who took a 12 month contract to be a roughneck on an offshore rig shouldn't get paid for the last two months if they decide to not renew their contract and take work elsewhere, it's asinine. |
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Post by rgeorge on Aug 11, 2023 9:29:43 GMT -8
Wow... look in the mirror. And the money being talked about are the $ due after '23-24. They will not be split (12) ways as long as there is a conference. FFS... you don't get/read this at all This irony is insane. You are off your rocker. My original statement in this thread that you can't read is that the conference will pay out the full revenue shares to the 8 teams leaving. I made no statement about whatever the leftovers might be. You say I can't read and then tout and article that completely refutes what you're saying and completely backs up what I'm saying. The 420 million is going to be used to pay out the full revenue shares to all 12 teams. Period. "you people" are suggesting that someone who took a 12 month contract to be a roughneck on an offshore rig shouldn't get paid for the last two months if they decide to not renew their contract and take work elsewhere, it's asinine. Goal posts moved... In response to the future disbursements: "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." And... the full revenue share is what is due in that year, not the coming year. What is asinine is comparing conference bylaws and media revenues to a contract job of an individual. Great analogy... cuz we all know they are exactly the same. |
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Post by ee1990 on Aug 11, 2023 9:55:34 GMT -8
This irony is insane. You are off your rocker. My original statement in this thread that you can't read is that the conference will pay out the full revenue shares to the 8 teams leaving. I made no statement about whatever the leftovers might be. You say I can't read and then tout and article that completely refutes what you're saying and completely backs up what I'm saying. The 420 million is going to be used to pay out the full revenue shares to all 12 teams. Period. "you people" are suggesting that someone who took a 12 month contract to be a roughneck on an offshore rig shouldn't get paid for the last two months if they decide to not renew their contract and take work elsewhere, it's asinine. Goal posts moved... In response to the future disbursements: "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." And... the full revenue share is what is due in that year, not the coming year. What is asinine is comparing conference bylaws and media revenues to a contract job of an individual. Great analogy... cuz we all know they are exactly the same. WTF are you talking about? My stance this entire thread was that the 420 would include what is effectively payroll for the conference members and that value won't be withheld. You literally think that they are going to lose their shares after participating as legal valid standing members of the last season of the contract. You literally think they are "double dipping" shares from two conferences. Please, just stop, it's embarrassing. You contract a company to do a job for you, they do it. You say "same time next year?" they say "nah got a better offer". You then refuse to pay them a portion of the contract? Hello? Is this real life? |
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Post by Judge Smails on Aug 11, 2023 10:20:50 GMT -8
Goal posts moved... In response to the future disbursements: "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." And... the full revenue share is what is due in that year, not the coming year. What is asinine is comparing conference bylaws and media revenues to a contract job of an individual. Great analogy... cuz we all know they are exactly the same. WTF are you talking about? My stance this entire thread was that the 420 would include what is effectively payroll for the conference members and that value won't be withheld. You literally think that they are going to lose their shares after participating as legal valid standing members of the last season of the contract. You literally think they are "double dipping" shares from two conferences. Please, just stop, it's embarrassing. You contract a company to do a job for you, they do it. You say "same time next year?" they say "nah got a better offer". You then refuse to pay them a portion of the contract? Hello? Is this real life? There are residual payments that will be received after the current 8 teams leave. That is where the $420 million is coming from. A portion of that amount will go to those 8 teams, but that is where the "damages" negotiations comes in. The 4 remaining teams can potentially take a much larger chunk than an equal share due to the damages caused by the teams that left. However, it's not going to be all of it. I don't think rgeorge is saying that we are not giving them their distributions for this year. |
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Post by drunkandstoopidbeav on Aug 11, 2023 10:21:38 GMT -8
Goal posts moved... In response to the future disbursements: "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." And... the full revenue share is what is due in that year, not the coming year. What is asinine is comparing conference bylaws and media revenues to a contract job of an individual. Great analogy... cuz we all know they are exactly the same. WTF are you talking about? My stance this entire thread was that the 420 would include what is effectively payroll for the conference members and that value won't be withheld. You literally think that they are going to lose their shares after participating as legal valid standing members of the last season of the contract. You literally think they are "double dipping" shares from two conferences. Please, just stop, it's embarrassing. You contract a company to do a job for you, they do it. You say "same time next year?" they say "nah got a better offer". You then refuse to pay them a portion of the contract? Hello? Is this real life? Nobody is saying they will lose the residuals for this year. The conference bylaws state that if a team leaves they are no longer to receive the residual money the NCAA sends to the conference. For example, if the Pac 12 sends 7 teams to bowl games, and especially if one gets into the 4 team playoff, there's going to be a lot of money distributed over the next 5 years, but the teams that leave will only get this year's distribution. The TV contract is with the PAC 12, not individual teams, and that money is paid out in trenches over several years. The charter says if you leave you are not entitled to the remaining residuals, you get your portion WHILE you are in the league. Now in theory there will probably be a negotiated damage settlement, but the charter says if one fails to be reached, those who leave get ZIP (and the teams that are now leaving likely voted FOR that clause when the bylaws were written). This is not a salary for work performed. Some teams that are leaving have not participated in all of the bowl games this last several years (UA for example hasn't been to a bowl game since '17, OSU itself has only been to 2 yet gets full shares) the league is still receiving money for, while still getting a full share disbursement from the league. That money is Pac 12 administrative money. What surprised me is that, according to the Seattle Times article, the teams which are leaving don't even get a membership vote now. There are currently only 4 voting members. They hold all of the marbles. |
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Post by ee1990 on Aug 11, 2023 10:32:43 GMT -8
WTF are you talking about? My stance this entire thread was that the 420 would include what is effectively payroll for the conference members and that value won't be withheld. You literally think that they are going to lose their shares after participating as legal valid standing members of the last season of the contract. You literally think they are "double dipping" shares from two conferences. Please, just stop, it's embarrassing. You contract a company to do a job for you, they do it. You say "same time next year?" they say "nah got a better offer". You then refuse to pay them a portion of the contract? Hello? Is this real life? Nobody is saying they will lose the residuals for this year. That's exactly what he just said: Aug 10, 2023 23:07:00 GMT -5 ee1990 said: The media rights distributions are not going to be withheld from the programs that participated in the conference during the years of that contract. Aug 11, 2023 2:14:31 GMT -5 rgeorge said: Unless the Pac12 changes is current bylaws that's exactly what happens. |
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Post by ee1990 on Aug 11, 2023 10:36:19 GMT -8
The TV contract is with the PAC 12, not individual teams, and that money is paid out in trenches over several years. The charter says if you leave you are not entitled to the remaining residuals, you get your portion WHILE you are in the league. Now in theory there will probably be a negotiated damage settlement, but the charter says if one fails to be reached, those who leave get ZIP. This is not a salary for work performed. Some teams that are leaving have not participated in all of the bowl games this last several years (UA for example hasn't been to a bowl game since '17, OSU has only been to 2) the league is still receiving money for, while still getting a full share disbursement from the league. That money is Pac 12 administrative money. Except that's exactly what happened in '22. They had ~$400,000,000, they paid out ~$360,000,000 and have ~$43,000,000 left over. Do we seriously think the legal teams for EIGHT universities don't know better than rgeorge on Benny's House? These aren't residuals, this is the guaranteed revenue share and will include the comcast debt deducted from each program's share. Again, are we seriously now suggesting those teams are going to pay the comcast debt collectively, but not get their revenue share? Also, it says “Additionally, if a member delivers notice of withdrawal in violation of this chapter, the member’s representative to the CEO Group shall automatically cease to be a member of the CEO Group and shall cease to have the right to vote on any matter before the CEO Group.” We've covered this ad nauseum at this point. Brett McMurhpy on Twitter and an article on CBS Sports do not constitute delivery of a legal notice of withdrawal by these universities. AGAIN, this is *exactly* why it will all go down after the by-laws expire 8/1. |
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Post by rgeorge on Aug 11, 2023 10:42:11 GMT -8
Nobody is saying they will lose the residuals for this year. That's exactly what he just said: Aug 10, 2023 23:07:00 GMT -5 ee1990 said: The media rights distributions are not going to be withheld from the programs that participated in the conference during the years of that contract. Aug 11, 2023 2:14:31 GMT -5 rgeorge said: Unless the Pac12 changes is current bylaws that's exactly what happens. You do have computer issues... First highlight... was a quote from YOU! Second was me refuting you saying the (8) are eligible for future revenues. Hence, they'd have to change the current bylaws to receive any future distributions. You have to love folks blab on to attempt to gaslight others on an issue and can't recognize their own words! |
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Post by ee1990 on Aug 11, 2023 10:45:31 GMT -8
That's exactly what he just said: Aug 10, 2023 23:07:00 GMT -5 ee1990 said: The media rights distributions are not going to be withheld from the programs that participated in the conference during the years of that contract. Aug 11, 2023 2:14:31 GMT -5 rgeorge said: Unless the Pac12 changes is current bylaws that's exactly what happens. You do have computer issues... First highlight... was a quote from YOU! Second was me refuting you saying the (8) are eligible for future revenues. Hence, they'd have to change the current bylaws to receive any future distributions. You have to love folks blab on to attempt to gaslight others on an issue and can't recognize their own words! No s%#t! You're a real sharp tack! You need the most simple things explained. I said they won't have their 23 revenue withheld. You say they will. He said nobody said that. Why is that so difficult for you to grasp? The irony is just filthy in here right now. The goal most moving moron who can't remember what someone said 45 minutes ago is accusing others. You're so dumb, you think these teams are "double dipping" and your solution to that is that they actually not get paid at_all. That's how bad your understanding of this situation is. |
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Post by drunkandstoopidbeav on Aug 11, 2023 10:47:18 GMT -8
The TV contract is⁸ with the PAC 12, not individual teams, and that money is paid out in trenches over several years. The charter says if you leave you are not entitled to the remaining residuals, you get your portion WHILE you are in the league. Now in theory there will probably be a negotiated damage settlement, but the charter says if one fails to be reached, those who leave get ZIP. This is not a salary for work performed. Some teams that are leaving have not participated in all of the bowl games this last several years (UA for example hasn't been to a bowl game since '17, OSU has only been to 2) the league is still receiving money for, while still getting a full share disbursement from the league. That money is Pac 12 administrative money. Except that's exactly what happened in '22. They had ~$400,000,000, they paid out ~$360,000,000 and have ~$43,000,000 left over. Do we seriously think the legal teams for EIGHT universities don't know better than rgeorge on Benny's House? These aren't residuals, this is the guaranteed revenue share and will include the comcast debt deducted from each program's share. Again, are we seriously now suggesting those teams are going to pay the comcast debt collectively, but not get their revenue share? From what I understand, this year's conference members will be distributed money shares from the post seasons of 2023, 2022, 2021, 2020 and 2019 (I think it was a 5 year payout that has been talked about, maybe it was 4 and 2019 is already done with). Next year, if the Conference still exists, money from 2024, 2023, 2022, 2021 and 2020 (assuming it's a 5 year payout) will be distributed to the members who are still here... the guys who left get nada unless there's some kind of settlement. The following year 2020 drops out, assuming it's a 5 year payout... and so on it continues, it's a revolving door. I'm not sure where you got that there's only 43 million in the future kitty. The NCAA is still going to be paying the PAC, if it exists, in 2027 for this year's post season, and at least 8 of this year's teams wont get a dime of it then. The Comcast thing is a whole nothe deal that will probably be negotiated. The charter/bylaws allowed for negotiation, but they clearly state that if negotiations fail those who leave get nothing. |
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Post by ee1990 on Aug 11, 2023 10:49:27 GMT -8
Except that's exactly what happened in '22. They had ~$400,000,000, they paid out ~$360,000,000 and have ~$43,000,000 left over. Do we seriously think the legal teams for EIGHT universities don't know better than rgeorge on Benny's House? These aren't residuals, this is the guaranteed revenue share and will include the comcast debt deducted from each program's share. Again, are we seriously now suggesting those teams are going to pay the comcast debt collectively, but not get their revenue share? From what I understand, this year's conference members will be distributed money shares from the post seasons of 2023, 2022, 2021, 2020 and 2019 (I think it was a 5 year payout that has been talked about, maybe it was 4 and 2019 is already done with). Next year, if the Conference still exists, money from 2024, 2023, 2022, 2021 and 2020 (assuming it's a 5 year payout) will be distributed to the members who are still here... the guys who left get nada unless there's some kind of settlement. Right. So then what's your point? The teams that participate in the 23 season who don't leave prior to 8/1 will be paid their full revenue share, as stated in numerous articles including the one linked here earlier this morning. You guys got Canzono'd because he used the words "war-chest". This isn't some nestegg where the Pac-4 has to wait until they turn 21 to cash it all in. These are the funds available to pay the conference's debts, which include, again, full revenue shares to all 12 members of the conference for the 23 season. If it's not "work for pay" as you suggest, then how were the 12 teams paid out 30 million each at the end of the 22 year, leaving the conference with that 43 million number? The media contracts are *over* 7/1/24, there is no more money coming in. |
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Post by rgeorge on Aug 11, 2023 10:58:18 GMT -8
You do have computer issues... First highlight... was a quote from YOU! Second was me refuting you saying the (8) are eligible for future revenues. Hence, they'd have to change the current bylaws to receive any future distributions. You have to love folks blab on to attempt to gaslight others on an issue and can't recognize their own words! No s%#t! You're a real sharp tack! You need the most simple things explained. I said they won't have their 23 revenue withheld. You say they will. He said nobody said that. Why is that so difficult for you to grasp? The irony is just filthy in here right now. The goal most moving moron who can't remember what someone said 45 minutes ago is accusing others. You're so dumb, you think these teams are "double dipping" and your solution to that is that they actually not get paid at_all. That's how bad your understanding of this situation is. I think someone is confusing yearly revenue from the Pac12, approximately $445 mil from $581 mil total revenue ($37 mil per team) with the entire discussion of "FUTURE" disbursements that have zero to do with the yearly revenue recently disbursed. Which as stated numerous times here, will continue well after the (8) leave in August of '24, and those future payments will be forfeited by the (8). The revenue disbursement for '23-24 will include all the normal revenue streams, but will not include all the future distributions from the NCAA, etc. Also, the Comcast repayment has yet to be decided. Is is subtracted from future revenue total for the '23-24 before PAc12 disburses? Is each school required to repay their portion from their current coffers? I bet Comcast wants it before teams are gone. |
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Post by flyfishinbeav on Aug 11, 2023 11:35:37 GMT -8
Hey, thanks for making this thread unreadable!
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Post by sparty on Aug 11, 2023 11:49:08 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/What if they spend like a whore before 8/1/24? |
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