nelsonmuntz
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Pac-12 bylaws:
Withdrawal.
No member shall deliver a notice of withdrawal to the Conference in the period beginning on July 24, 2011, and ending on August 1, 2024; provided, that if any member does deliver a notice of withdrawal prior to August 1, 2024, in violation of this chapter, the Conference shall be entitled to an injunction and other equitable relief to prevent such breach, and if a court of competent jurisdiction shall deny the Conference such injunctive relief, the Conference shall be entitled to retain all the media and sponsorship rights in the multi-player video distribution (MPVD) and telecommunications/wireless categories of the member purporting to withdraw through August 1, 2024, even if the member is then a member of another conference or an independent school for some or all intercollegiate sports competitions. Additionally, if a member delivers notice of withdrawal in violation of this chapter, the member’s representative to the CEO Group shall automatically cease to be a member of the CEO Group and shall cease to have the right to vote on any matter before the CEO Group.
So I guess the question is what constitutes a notice of withdrawal. I'd say the schools have done enough as is, but I guess courts will decide.
It sounds like a functional grant of rights through August 1, 2024 ... so WSU and OSU own the media rights to all the other schools for the 2023-24 season?
Based on the section above, I think PJ is right. It looks like the Pac 12 schools breached their own Bylaws when they left. WSU and OSU appear to be asserting that the other members gave notice of withdrawal in violation of the bylaws. The other schools having signed with another conference is a pretty good fact pattern for WSU and OSU. Unless there is something else to work with, they are probably getting their injunction, although their rights will be limited as the only two surviving members until the litigation is settled. The assets within the Pac 12, including the 23-24 media rights, NCAA units, and whatever cash was left in the bank (I saw one estimate of $20 million) appears to be on their way to Oregon State and Washington State, eventually.
There has to be more to this story. I have no doubt that several of the schools are run by idiots, but I can't see Stanford and Cal making a mistake this big. Getting cute with the withdrawal provisions was a really stupid move if that is what happened. They should have voted as a group to amend them before they went their separate ways.
If the schools are literally leaving like $250 to $300 million in total for Oregon State and Washington State, then turning down the Apple deal will turn into one of the stupidest decisions in the history of college sports.