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Post by ochobeavo on Nov 15, 2023 10:56:19 GMT -8
And remain tied up in court forever in search of your pound of flesh. This is a bad divorce. Find the dollar amount, pay it, and be done with them. Like it or not, they are members of the conference until 8/1/24. Deal with them fairly and avoid further lengthy legal entanglements. That is where I am. Withholding any significant amount from the 23-24 payouts will lead to a few years of court battles and more limbo and nobody gets paid anything for 23-24. Can we afford to go a year or two with no revenue stream to speak of? I'm still not really convinced that the other 10 can simply ride it out with "a few years of court battles". Unless you have an uncle with a shoe company, there's not some big pile of money they can live off of while this plays out. Cal and Stanford just took a revenue hit to join the ACC. Zona is a dumpster fire. ASU is getting a huge subsidy from the university to stay afloat. UCLA posted a 28m athletic dept deficit in 2022. Those guys have bills coming due just like everyone else and budgets already baked in based on projected revenue. dragging this out hurts them just as much as it hurts us. |
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Post by irimi on Nov 15, 2023 11:25:01 GMT -8
That is where I am. Withholding any significant amount from the 23-24 payouts will lead to a few years of court battles and more limbo and nobody gets paid anything for 23-24. Can we afford to go a year or two with no revenue stream to speak of? I'm still not really convinced that the other 10 can simply ride it out with "a few years of court battles". Unless you have an uncle with a shoe company, there's not some big pile of money they can live off of while this plays out. Cal and Stanford just took a revenue hit to join the ACC. Zona is a dumpster fire. ASU is getting a huge subsidy from the university to stay afloat. UCLA posted a 28m athletic dept deficit in 2022. Those guys have bills coming due just like everyone else and budgets already baked in based on projected revenue. dragging this out hurts them just as much as it hurts us. Especially when we start dipping into their revenue piles to pay our legal team. |
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Post by drunkandstoopidbeav on Nov 15, 2023 12:23:35 GMT -8
Justheretoread beat me to it.
The Pac is a separate organization, the teams were/are members of the board. The Pac makes its own money via tv money, the Pac-12 Network and other means, then distributes profits to its members.
That money is not our money, its not the Traitorous 10's money, it's the Pac-12 Conference's money, and the Pac-12 is in trouble because 10 of its members are leaving.
I'd think the Pac-12 is probably entitled to withhold whatever money it needs to survive and rebuild, then distribute the leftover money equally among all 12 current teams, even if it takes 2 years to figure out how much that is.
It would take a lot of accountability and accounting, but I bet the PAC-12 Organization could accurately track and justify monies necessary to rebuild the conference. All current teams (including OSU & WSU) may all be without distribution income for a while. Tough luck to everyone. Tough luck to us as well, OSU & WSU would be stuck with shortfalls until the conference is rebuilt.
My hope is the conference could meet the legal burden of showing any money withheld is solely for the survival of the league and defeat the likely legal challenges.
With the supposed 450 million, all legal obligations could be met and several teams could be brought in even if there were exit fees to negotiate. Hopefully the league would only help teams with a partial match of exit fees so more teams could make the jump quickly.
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Post by ag87 on Nov 15, 2023 12:35:39 GMT -8
That is where I am. Withholding any significant amount from the 23-24 payouts will lead to a few years of court battles and more limbo and nobody gets paid anything for 23-24. Can we afford to go a year or two with no revenue stream to speak of? I'm still not really convinced that the other 10 can simply ride it out with "a few years of court battles". Unless you have an uncle with a shoe company, there's not some big pile of money they can live off of while this plays out. Cal and Stanford just took a revenue hit to join the ACC. Zona is a dumpster fire. ASU is getting a huge subsidy from the university to stay afloat. UCLA posted a 28m athletic dept deficit in 2022. Those guys have bills coming due just like everyone else and budgets already baked in based on projected revenue. dragging this out hurts them just as much as it hurts us. that's what I would guess. We don't want to tie $ up in court, but some of those other 10 may be desperate. It sounds like uw is the ringleader. Maybe another institution tells them to go to hell. |
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Post by sparty on Nov 15, 2023 12:53:16 GMT -8
Yes they can. And acting in a fair and ethical manner will help speed that process and protect us from legal redress. Unlike some, I'm not interested in retribution or revenge or getting our pound of flesh. What's done is done. They're not coming back and we will have a new chapter to write with new partners. Settle this thing and move on so we can get our own situation straightened out ASAP. Anyone thinking that the door could close forever in getting an invite to another conference or even any scheduling from another conference if we are now out to fleece the other 10 schools and take all the money and leave them with nothing. Do you think former Pac-12 members would vote to add WSU or OSU to the Big12 in two years if that is a plan to now fleece them. Or those even in the Big10.
Even the ESPN's, CBS's and Fox's could cause havoc in any media rights rebuilding if we start playing dirty the the dead ass 10. They call it basically getting black listed by the otherds. So revenge sounds so good now but as in anything be careful for the future ramifications and the cards those others may hold. Henry you are right, lets get it straightened out.
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Post by sparty on Nov 15, 2023 12:58:12 GMT -8
I'm still not really convinced that the other 10 can simply ride it out with "a few years of court battles". Unless you have an uncle with a shoe company, there's not some big pile of money they can live off of while this plays out. Cal and Stanford just took a revenue hit to join the ACC. Zona is a dumpster fire. ASU is getting a huge subsidy from the university to stay afloat. UCLA posted a 28m athletic dept deficit in 2022. Those guys have bills coming due just like everyone else and budgets already baked in based on projected revenue. dragging this out hurts them just as much as it hurts us. that's what I would guess. We don't want to tie $ up in court, but some of those other 10 may be desperate. It sounds like uw is the ringleader. Maybe another institution tells them to go to hell. Nike U and Furd are the two that could likely ride it out so I think they stay quiet. The others, maybe not so much. uw is hurting more than what many know. |
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Post by hottubbeaver on Nov 15, 2023 12:58:32 GMT -8
Yes they can. And acting in a fair and ethical manner will help speed that process and protect us from legal redress. Unlike some, I'm not interested in retribution or revenge or getting our pound of flesh. What's done is done. They're not coming back and we will have a new chapter to write with new partners. Settle this thing and move on so we can get our own situation straightened out ASAP. Anyone thinking that the door could close forever in getting an invite to another conference or even any scheduling from another conference if we are now out to fleece the other 10 schools and take all the money and leave them with nothing. Do you think former Pac-12 members would vote to add WSU or OSU to the Big12 in two years if that is a plan. Or those in the Big10.
Even the ESPN's, CBS's and Fox's could cause havoc in any media rights if we start playing dirty the the dead ass 10. They call it basically getting black listed by the otherds. So revenge sounds so good now but as in anything be careful for the future ramifications and the cards those others may hold. Henry you are right, lets get it straightened out.
The Grand Canyon lies between "trying to fleece former members who voluntarily abandoned the association" and dedicating the necessary conferences financial resource towards it's survival. |
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Post by sparty on Nov 15, 2023 13:02:33 GMT -8
Anyone thinking that the door could close forever in getting an invite to another conference or even any scheduling from another conference if we are now out to fleece the other 10 schools and take all the money and leave them with nothing. Do you think former Pac-12 members would vote to add WSU or OSU to the Big12 in two years if that is a plan. Or those in the Big10.
Even the ESPN's, CBS's and Fox's could cause havoc in any media rights if we start playing dirty the the dead ass 10. They call it basically getting black listed by the otherds. So revenge sounds so good now but as in anything be careful for the future ramifications and the cards those others may hold. Henry you are right, lets get it straightened out.
The Grand Canyon lies between "trying to fleece former members who voluntarily abandoned the association" and dedicating the necessary conferences financial resource towards it's survival. Talk at uw forums is they are the ring leaders fine with being the lead bitch. They have some loans on their stadium coming that will hit hard. |
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Post by skyrider on Nov 15, 2023 13:05:44 GMT -8
I have followed this whole process closely (for whatever that is worth!) and now have my "Christmas wish list ready" after the latest legal decision,
(1) Under no circumstances I can envision should OSU and WSU agree to a mediated settlement with the other former PAC 12 schools.
I believe that any settlement that does not give OSU and WSU all the remaining money and control would virtually ensure that both the Cougs and Beavs would end up in the Mountain West conference. That is the same result that will happen if they lose the legal battle so why agree to it in a settlement.
(2) When(and if) the Beavs and Cougs are given the legal go-ahead to form a new PAC12, the Fresno State, Boise State, UNLV, etc. western grouping will eventually be a big time winner in all ways for the teams that are in it.
Go Beavs!
I look forward to being enlightened and educated by the many members of this forum that are far more knowledgeable and insightful than myself!
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Post by atownbeaver on Nov 15, 2023 13:21:07 GMT -8
The Grand Canyon lies between "trying to fleece former members who voluntarily abandoned the association" and dedicating the necessary conferences financial resource towards it's survival. Talk at uw forums is they are the ring leaders fine with being the lead bitch. They have some loans on their stadium coming that will hit hard. Their debt service is going to double in 2026 from about $9 million to about $18 million. |
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Post by Werebeaver on Nov 15, 2023 13:30:56 GMT -8
Talk at uw forums is they are the ring leaders fine with being the lead bitch. They have some loans on their stadium coming that will hit hard. Their debt service is going to double in 2026 from about $9 million to about $18 million. STBT😿 |
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Post by beaver55to7 on Nov 15, 2023 13:31:30 GMT -8
Yes they can. And acting in a fair and ethical manner will help speed that process and protect us from legal redress. Unlike some, I'm not interested in retribution or revenge or getting our pound of flesh. What's done is done. They're not coming back and we will have a new chapter to write with new partners. Settle this thing and move on so we can get our own situation straightened out ASAP. Anyone thinking that the door could close forever in getting an invite to another conference or even any scheduling from another conference if we are now out to fleece the other 10 schools and take all the money and leave them with nothing. Do you think former Pac-12 members would vote to add WSU or OSU to the Big12 in two years if that is a plan to now fleece them. Or those even in the Big10.
Even the ESPN's, CBS's and Fox's could cause havoc in any media rights rebuilding if we start playing dirty the the dead ass 10. They call it basically getting black listed by the otherds. So revenge sounds so good now but as in anything be careful for the future ramifications and the cards those others may hold. Henry you are right, lets get it straightened out.
Just stop with the fleecing and revenge talk. That is nonsense. No one at OSU or WSU is going to try and 'fleece' or exact 'revenge' on anyone. They are going to make prudent business decisions that take care of some of the problems that the departing 10 caused. Raising a strawman argument that OSU or WSU would even consider fleecing or exacting revenge is just lazy. Anything they do will have to hold up in court, they have some of the best lawyers from San Francisco and NY working the problem. There will be no fleecing or revenge involved, just solid legal and business grounds for any decissions that are made. |
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ftd
Junior
"I think real leaders show up when times are hard." Trent Bray 11/29/2023
Posts: 2,517
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Post by ftd on Nov 15, 2023 13:35:31 GMT -8
so round numbers for the 23/24 year...Call it $420M. Agree to $30M to each of the 10 and $60M to each of us and WSU. Basically each the 10 pay $5M to take care of the damage done to OSU and WSU... or maybe $28m x 10 and $70 x 2.  Costs the 10 $7m each and we are all done with it We keep all the assets, including the Pac 12 name and rights and future payments after Aug 1, 2024 TBD- liabilities that are unknown at this time but are from activity prior to Aug 1, 2024. Do we require all 12 schools to share in those potential future cash outlays? seems it would follow the judge's rule that nobody gets screwed over... |
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Post by wilkyisdashiznit on Nov 15, 2023 14:21:25 GMT -8
so round numbers for the 23/24 year...Call it $420M. Agree to $30M to each of the 10 and $60M to each of us and WSU. Basically each the 10 pay $5M to take care of the damage done to OSU and WSU... or maybe $28m x 10 and $70 x 2. Costs the 10 $7m each and we are all done with it We keep all the assets, including the Pac 12 name and rights and future payments after Aug 1, 2024 TBD- liabilities that are unknown at this time but are from activity prior to Aug 1, 2024. Do we require all 12 schools to share in those potential future cash outlays? seems it would follow the judge's rule that nobody gets screwed over... No! Absolutely not! The rest of the Pac-12 gets next to none of the $457 million. They get whatever is leftover on June 30, 2024. No future income travels from the Pac-12 to former members. That is money that the conference needs and should go to current members. No golden parachutes! The other 10 made their beds. They should have to sleep in them. |
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Post by jrbeavo on Nov 15, 2023 14:21:59 GMT -8
I think within a week, we are going to have a general framework of a schedule announced. I believe it will include the Civil War in Corvallis and at least one other surprise.
It will be a good enough schedule to convince recruits that we have a path to the 12 team playoff. School is going to sit down with every football player one on one to discuss, and our big guns are being well looked after NIL wise. For the first time in a while, I feel like there is some decent light at the end of the tunnel
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Costs the 10 $7m each and we are all done with it