Non-Key Tweets | Page 827 | The Boneyard
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Non-Key Tweets

@huskymedic do you have a copy of the big east bylaws? I googled for it and I could only find the UConn contract and the 2011 (old big East) contract.
 
Dooooooomed said:
Sports Director for Kansas State student radio
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Don't discount this. Remember this from right before it was announced that UConn was joining the Big East:

uconngb said:
I know I'll get crucified for this thread, but just passing along something I heard today, because it came from a very credible source. Largest private donor at Providence, directly involved in their athletic department and knows Tranghese well (who he says UConn hired as a consultant at some point) says he's 95%+ sure that UConn will be joining the NBE in 2021. Says the school gave Herbst the authority to do it on her way out the door, football will be killed so the next President doesn't have to deal with it and we'll move to the NBE. I couldn't believe it as I've heard nothing as specific about it, but this is a credible, connected guy.

All pile on now....
 
metsfan2323 said:
Gotta believe AD David Benedict has at least been trying to move into Yormack's house.
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Dave's twitter account has been pretty quiet yesterday and today, only one tweet. Maybe it's just that nothing is going on...
 
jostar1 said:
Don't discount this. Remember this from right before it was announced that UConn was joining the Big East:

uconngb said:
I know I'll get crucified for this thread, but just passing along something I heard today, because it came from a very credible source. Largest private donor at Providence, directly involved in their athletic department and knows Tranghese well (who he says UConn hired as a consultant at some point) says he's 95%+ sure that UConn will be joining the NBE in 2021. Says the school gave Herbst the authority to do it on her way out the door, football will be killed so the next President doesn't have to deal with it and we'll move to the NBE. I couldn't believe it as I've heard nothing as specific about it, but this is a credible, connected guy.

All pile on now....
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That Providence wishful thinking. Honestly, I look forward not dealing with them as a conference mate. We can play 1:1 in Storrs and at the casino if they want to keep playing us.
 
Fail Charlie Brown GIF by Peanuts
 
jostar1 said:
@CL82, can you go over what we have to pay to leave the Big East?
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The greater of the normal exit fee for the Big East or $30 million if we leave during or before our six full year of membership; $15 million if we leave after our sixth full year but before our ninth full year; and $10 million if we leave after our ninth year.

So, I believe it is $30 million through the end of 2026, but it may be through the end of spring season 2027. All things being equal, it might make sense to delay our exit date until we're passed the six full year, but that depends on how much money we are going to be making.
 
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jostar1 said:
can you go over what we have to pay to leave the Big East?
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CL82 said:
@huskymedic do you have a copy of the big east bylaws? I googled for it and I could only find the UConn contract and the 2011 (old big East) contract.
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( Courant - 2019 ) ...
Withdrawal fee
If UConn decides to leave the Big East, it will have to pay a hefty fee. The terms of the contract state that UConn will be responsible for paying the conference $30 million if it withdraws within the first six years of membership. If the school bails within a three-year period after that, $15 million is owed. After 10 years, UConn would owe $10 million. A withdrawal fee can be split up into four payments, if necessary.
 
So the counting begins on July 1, 2020. $30,000,000 to leave.

On June 24, 2019, the Big East formally approved an invitation for UConn to join the conference.[48] The UConn Board of Trustees accepted the invitation two days later, thus reuniting UConn with several of the schools against whom it competed for 34 years in the old Big East.[49] UConn and the AAC reached a buyout agreement the following month, clearing the way for UConn to become a member of the Big East on July 1, 2020.
 
jostar1 said:
So the counting begins on July 1, 2020. $30,000,000 to leave.

On June 24, 2019, the Big East formally approved an invitation for UConn to join the conference.[48] The UConn Board of Trustees accepted the invitation two days later, thus reuniting UConn with several of the schools against whom it competed for 34 years in the old Big East.[49] UConn and the AAC reached a buyout agreement the following month, clearing the way for UConn to become a member of the Big East on July 1, 2020.
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It's not worth waiting three more years to save 15 million. They'll make that up easy.
 
Blades said:
( Courant - 2019 ) ...
Withdrawal fee
If UConn decides to leave the Big East, it will have to pay a hefty fee. The terms of the contract state that UConn will be responsible for paying the conference $30 million if it withdraws within the first six years of membership. If the school bails within a three-year period after that, $15 million is owed. After 10 years, UConn would owe $10 million. A withdrawal fee can be split up into four payments, if necessary.
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Yep, those are from the contract that Connecticut has with the big east that is an overlay to the bylaws. The bylaws themselves will say what the withdrawal notice. Is and will also defined the standard withdrawal fee.
 
LoyalFanCT said:
there are a lot of negative comments about UConn in this feed. One guy, however, said,

Big fan of adding UConn. With enough investment they could be a good long-term value add.
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What does he think we need to invest in? I‘m just curious, as our facilities are more than P5 capable. Maybe a stadium. When we are in, we extend Mora+staff, Hurley, Geno, and Penders, then we wait for Mora to kick a s s, plus Penders. Basketball will do what we do.
 

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