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It is a pretty important "truism," considering it is the default rule a litigant requesting specific performance must justify departing from. The Big East must establish that monetary damages would not adequately compensate them for WVU's breach in order to get an order of specific performance, and I don't see that happening. The damages by the loss of WVU may be hard to quantify, but it wouldn't' be impossible.
O.K. That I understand. If WVU leaving causes the Big East to lose its BCS spot, which is my understanding of the rules, I think it's going to be easy to show irreperable harm but we'll see. I would see far more merit in your view if WVU leaving doesn't cost the Big East BCS status, as the Orlando Sentinel article linked yesterday seemed to state.