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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.<<
>>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.<<