$17m early buyout agreement per Blaud

[Fairfield_1st]

It's not all upfront though...will be spread out over the next few years.

2019-2020: AAC withholding ~$5M
2020-2021: AAC withholding ~$5M but UConn starts getting full share of Big East $$$ immediately (about $4M but could be higher depending on TV contract negotiations)
2021-2022: $1M to the AAC
2022-2023: $1M to the AAC
2023-2024: $1M to the AAC
2024-2025: $1M to the AAC
2025-2026: $1M to the AAC
2026-2027: $1M to the AAC

So 2019-20 no revenue in.
2020-21 is a wash or slight revenue in, but if you add the BE entry fee here, it's more likely no revenue + a little out of pocket.
2021-2027 I'm fine with the $1M per. Hopefully our new revenue model more than makes up for that $1m.
So for 2 years we're playing for free as far as the AAC is concerned.

 

[huskymedic]

Good Summary:

Jeff Jacobs: UConn pays for a 2020 exit from the AAC

The exit cost was more than folks in Connecticut initially expected, certainly more than...

www.ctinsider.com

 

[freescooter]

This is Aresco (not mad) doing the same thing he did with the tv deal.

He gets to say “17 million!” But when you actually break down the numbers...it ain’t there, Mike.

If I owe you 5 million and you owe me 5 million either I can write you a check and you can write me one or we can both call it even and save the cost of the stamp. In this case though Chief is correct that we now have 5 million dollar hole in the budget that needs coverage.

 

[TRest]

Are you sure about that? I'll be a little pissed if that is how that number was calculated.

You're kidding, right?

 

[CL82]

You're kidding, right?

Not at all. If UConn floated a number that says 'hey we'll be saving $2M in travel costs' and that number was calculated using an anticipated $0 in travel costs, that means the school, essentially lied to the public. That would be utter horse sheet. I doubt that that is the case though,

 

[TRest]

Not at all. If UConn floated a number that says 'hey we'll be saving $2M in travel costs and that number was calculated using an anticipated $0 in travel costs, that means the school, essentially lied to the public. That would be utter horse sheet. I doubt that that is the case though,

I meant about chief knowing the actual details. He's more of a big picture guy.

 

[bendm]

recruiting overdrive activate

 

[navery12]

Not at all. If UConn floated a number that says 'hey we'll be saving $2M in travel costs' and that number was calculated using an anticipated $0 in travel costs, that means the school, essentially lied to the public. That would be utter horse sheet. I doubt that that is the case though,

No chance that's how UConn calculated the numbers, but people who want to paint this as a bad deal need to spin some numbers in their favor

 

[kobe]

so basically ya'll are gonna be a buy game team for a bunch of big P5 schools? i guess that's fun

 

[kobe]

aresco gonna make you play H&H's with ECU and Tulane #chessnotcheckers

 

[Storrs South]

so basically ya'll are gonna be a buy game team for a bunch of big P5 schools? i guess that's fun

Nope. P5s are less willing to do buy games these days. Only the Bamas, Clemsons of the world are willing to do it. Syracuse, Duke, BC, Wake, and even Rutgers would rather play a return game.

 

[huskymedic]

Good Summary:

Jeff Jacobs: UConn pays for a 2020 exit from the AAC

The exit cost was more than folks in Connecticut initially expected, certainly more than...

www.ctinsider.com

Mike Anthony piece:

 

[tcf15]

^^^^
Asking for a $30M exit fee is definitely a not mad move.

 

[nelsonmuntz]

This should supercharge recruiting for hoops, both men and women. Recruits from the class of 2020 or later will never have to play Tulsa, Tulane or ECU. Or any of the other AAC detritus other than a few one off December games.

 

[JMick]

^^^^
Asking for a $30M exit fee is definitely a not mad move.

I hope Benedict just laughed. No words, just laughter.

 

[Husky25]

aresco gonna make you play H&H's with ECU and Tulane #chessnotcheckers

Maybe, but even if games were vs UC, UConn won't have to pay for production to put those contests in standard definition video or force their fans to pay $4.99/month for a two camera set up, commentated on by two 21 year old communications majors from campus radio, who would rather be at Catskeller than at a Women's basketball game.

 

[TRest]

Now we have to get KO off of our salary cap.

 

[aburks41]

Imagine asking for $30m while schools in your conference have to front over $1m/year in production costs for games behind a paywall lmao. Aresco has contracted a case of the big dumb

 

[UConnRock]

Seems to be a little confusion about what the AAC is withholding. I thought they withheld this year's payment (2018/19 seasons) and are also withholding next year's payment (2019/20 season). When Anthony says "UConn's exit fee will be $17 million, payable in lump sums of $5-plus million each of next two years" it does not mean go into 2020/21. The deal UConn got was a withholding of $10M-$11M the first two years and then a gradual payment of the additional $6M over the following 6 years.

This is a decent deal for UConn. They essentially pay the 27 month exit fee from withholdings and have full BE payments, potential SNY money, additional ticket revenue money and large payday football game money (Clemson, Tennessee and others) to make the $1M payments until 2026

 

[WhartonHusky]

Serious question to Uconn FB fans...do you want to play Clemson's and Bama's of the world or would you prefer a more competitive game against a lesser P5 opponent? I assume for financial reasons UConn will pursue any/all P5 opponents but which is preferable?

Also, do P5 teams typically play OOC games in middle/end of season? Isn't really just early in the season as a tune-up? Or is it seen as somewhat of a bye week where the elites can get healthy and make tweaks?

 

[ctchamps]

aresco gonna make you play H&H's with ECU and Tulane #chessnotcheckers

ESPN gonna make Aresco and AAC pick the schools. With BE bump we are going to be good again. And while Cinci has the fate you wish on us we will get the pick of the litter! Go Huskies!

And we will get some games on ESPN.
#losthismarbles

 

[UConnRock]

Serious question to Uconn FB fans...do you want to play Clemson's and Bama's of the world or would you prefer a more competitive game against a lesser P5 opponent? I assume for financial reasons UConn will pursue any/all P5 opponents but which is preferable?

Also, do P5 teams typically play OOC games in middle/end of season? Isn't really just early in the season as a tune-up? Or is it seen as somewhat of a bye week where the elites can get healthy and make tweaks?

The first 4 weeks of the season are generally the OOC games for many P5 teams. Although the SEC teams generally have an OOC game in late October or early November as a "break" from their tough schedule. UConn's P5 games would be heavy in the first 4 weeks of the season with other independents and FCS games rounding out the schedule. Getting any P5 game in late October or November would be a bonus. Having BC or Rutgers become an Thanksgiving weekend rival would make scheduling much easier.

You take a couple of Clemson/Bama types for the $$. The best case scenario would be to get mid-teir P5 teams with the budgets to pay.

 

[JMick]

Serious question to Uconn FB fans...do you want to play Clemson's and Bama's of the world or would you prefer a more competitive game against a lesser P5 opponent? I assume for financial reasons UConn will pursue any/all P5 opponents but which is preferable?

Also, do P5 teams typically play OOC games in middle/end of season? Isn't really just early in the season as a tune-up? Or is it seen as somewhat of a bye week where the elites can get healthy and make tweaks?

With where we are as a program I prefer the big matchup. An upset can make an entire season for a program like us.

 

[Mano]

Mike Anthony piece:

This actually sounds promising:

David Benedict now has to devote the bulk of his efforts toward football scheduling and, if what I hear he’s working on actually comes to fruition, schedules beginning even in 2020 could be substantially more interesting than any AAC slate. Expect in the coming years to see home-and-home series with attractive Power Five programs, games with teams of local and national interest from the AAC, SEC and Big Ten.

 

[CL82]

aresco gonna make you play H&H's with ECU and Tulane #chessnotcheckers

USF for WBB, which Geno had already agreed to with Fernandez, and for MBB Temple, which is a regional game and in our recruiting target area and Memphis, which should be good games. I'm not unhappy about that at all.