AAC holding $5 million UConn conference distribution payment in escrow as part of exit fee

-
Joined
Aug 26, 2011
Messages
49,979
Likes
72,251
AAC holding $5 million UConn conference distribution payment in escrow as part of exit fee

>>As UConn finalizes its departure from the American Athletic Conference, the league is holding about $5 million in escrow to help cover the school’s exit fee, a UConn spokesman said Friday.

That $5 million represents a large portion of UConn’s 2019 conference revenue, which includes money from the league’s TV deal, bowl payouts and the NCAA basketball fund.<<
 
Joined
Oct 26, 2018
Messages
172
Likes
158
soooo $5 mill down $5 mill to go??

anyone care to put percentages on which year we'll actually be gone from the aac?

20-21: 90%?
21-22: 10%?
22-23: 0%?

how much more than the 10 is the aac gonna try to squeeze so we can leave next year...
 
Last edited:
Joined
Aug 24, 2011
Messages
8,205
Likes
5,658
AAC holding $5 million UConn conference distribution payment in escrow as part of exit fee

>>As UConn finalizes its departure from the American Athletic Conference, the league is holding about $5 million in escrow to help cover the school’s exit fee, a UConn spokesman said Friday.

That $5 million represents a large portion of UConn’s 2019 conference revenue, which includes money from the league’s TV deal, bowl payouts and the NCAA basketball fund.<<
Who said Uconn had to pre pay? Uconn doesn't exit for another year, until then it's Uconn's money. No way this stands
 
Joined
Sep 18, 2011
Messages
2,666
Likes
3,339
It’ll stand... ACC did the same to Maryland. Big East did the same to Rutgers.
The $5 million held by the AAC could stand as UConn, according to the Courant, had to pay $2.5 million upon notice of withdrawal. Rutgers paid $2.5 million upon notice and the AAC withheld $2.5 million of conference funds from Rutgers. So the total was $5 million. The AAC tried to withhold a $1.5 million payout from the Pinstripe Bowl, but ultimately the AAC paid it. The AAC wanted $15 million from Rutgers, but ultimately the exit fee was $11.5 million. Of course, the it fees resulted in litigation!
 
Joined
Aug 17, 2011
Messages
5,218
Likes
8,812
Who said Uconn had to pre pay? Uconn doesn't exit for another year, until then it's Uconn's money. No way this stands
That's what I was thinking when I read this. They can't legally hold the money back, can they? Unless it's in the AAC bylaws, of course.
 
Last edited:
Joined
Jul 1, 2016
Messages
2,390
Likes
5,303
yeah but it's more if we leave before the 27 month notice period
It's also likely less if the commissioner has said publicly that you're not welcome for 15 of the 27 months. It'll be negotiated.
 
Joined
Aug 26, 2011
Messages
983
Likes
837
I assume there’s a provision for this in the by-laws. Otherwise UConnwould have a legitimate claim that the AAC broke the contract.
 

MattMang23

Adding Nothing to the Conversation
Joined
Sep 21, 2011
Messages
4,672
Likes
5,810
It seems Mik6 Ar6sco (not mad) is going on a nationwide tour of podcasts and radio shows to spread the jolly good cheer that the conference is doing fine and that it is united and strong. Then he says stuff like “UConn hasn’t been doing much lately anyway” and “UConn leaving doesn’t affect us one bit” in an effort to convince himself that losing his biggest brand is just no big deal.

I can’t think of another time when the Big East or AAC lost a team and they told everyone that it didn’t matter. Maybe Rutgers? Everyone acknowledged losing Louisville, WVU, Pitt, Cuse, etc. was difficult.

It’s garbage rhetoric like this that make AAC Twitter (not mad) keep attacking with its garbage about UConn. I can’t stand anyone in this damn league.
 
Joined
Aug 29, 2011
Messages
8,665
Likes
4,883
It seems Mik6 Ar6sco (not mad) is going on a nationwide tour of podcasts and radio shows to spread the jolly good cheer that the conference is doing fine and that it is united and strong. Then he says stuff like “UConn hasn’t been doing much lately anyway” and “UConn leaving doesn’t affect us one bit” in an effort to convince himself that losing his biggest brand is just no big deal.

I can’t think of another time when the Big East or AAC lost a team and they told everyone that it didn’t matter. Maybe Rutgers? Everyone acknowledged losing Louisville, WVU, Pitt, Cuse, etc. was difficult.

It’s garbage rhetoric like this that make AAC Twitter (not mad) keep attacking with its garbage about UConn. I can’t stand anyone in this damn league.
Except his biggest brand actually hasn’t been doing much lately. We are kind of like an Old Timers Day team. A few people might come to see them but everyone knows they can’t actually play any more. Most people really want the real teams to play.
 

Top