Wait.. it'll cost $14.5M to make this move?

[huskymedic]

The cost will be negotiated in all areas. There's talks that Fox/Big East will help pay our exit fee, doubt they turn around and charge an entry fee. We'll see.

Dennis Dodd @dennisdoddcbs 7 hours ago
Negotiated, financed or court battle. BTW, Fox will not assist with buyout.

 

[VAHuskyFan]

Dennis Dodd @dennisdoddcbs 7 hours ago
Negotiated, financed or court battle. BTW, Fox will not assist with buyout.

Well that’s not great.

Probably an indication there’s no FB scheduling assistance on the way either.

 

[LBird33]

Not only is the exit fee not expected to only be $10M, but the Big East is charging an entry fee. From the Courant:

Where have you been ? Old news

 

[jdb50]

Who authorized Herbst on her way out the door and Benedict who has not figured out how to end the Ollie debacle to make this move? The Board of Trustees needs to get some answers as this move is not cheap( AAC buyout/Big East entry fee), no TV revenue for football, and they are continuing to lose $22 million on Olympic sports with no cuts there. Yay UCONN golf, tennis and cross country! What a cluster!

 

[blue93]

Total speculation on my part but some of the exit fees could come from private donors. I don’t think it would be a terribly difficult sell to some of them on saving the basketball programs given the reaction to the move.

 

[noeynox]

Who authorized Herbst on her way out the door and Benedict who has not figured out how to end the Ollie debacle to make this move? The Board of Trustees needs to get some answers as this move is not cheap( AAC buyout/Big East entry fee), no TV revenue for football, and they are continuing to lose $22 million on Olympic sports with no cuts there. Yay UCONN golf, tennis and cross country! What a cluster!

Dude you don't get it, we refused to pay Ollie his buyout so we could have the money in hand to pay THIS buyout.

 

[B12]

The AAC is not going to be in any mood to reduce UConn's payout. My bet is they play hardball and demand the full payout. They have nothing to lose.

I agree. They feel like UConn stuck around to collect the Big East $ and then left them hanging weeks after signing the new TV deal with ESPN.

This is going to be way more expensive than I realized.

 

[Chief00]

Dennis Dodd @dennisdoddcbs 7 hours ago
Negotiated, financed or court battle. BTW, Fox will not assist with buyout.

Sports reporters don’t understand the business side but I agree they will not directly pay the buyout. They will help in other ways. Left pocket, right pocket is when the sports reporters get lost.

 

[gtcam]

This is the single dumbest thing I've ever read on this forum. Do you partake in crack?

Like he said, you don't understand finance so you call it dumb.
Is it doable? Maybe. But there isn't an ice cubes chance in hell that anyone in this administration is going to be creative or brave enough to think outside the box.
The scenario is highly unlikely to be approached but the bonding aspect is very conceivable due to ramifications of the new tax laws and folks looking for tax relief and a laddered bonding fund could be used. For crying out loud, the damn state and towns bond every capital improvement and this is definitely an improvement over the AAC and NBE - by a long shot. UConn could issue revenue bonds for the "project"
Back to this NBE issue:
The more I read about this NBE deal, especially the finances involved, the more uneasy I get. It's being brought forward as -"and by the way......................" In the end it's going to cost a lot more than most think.
In Herbst and co. I do not have trust

 

[WrenchFan69]

Like he said, you don't understand finance so you call it dumb.

I understand that the B1G does not give a flying about $100m from UConn. They bring in like $450m annually off TV alone.

 

[Alum86]

The snark in me says that we made this move because the wbb fan base doesn’t know how to use their smart TVs.

“Grandma, you need to get a Roku.”
“What?”
“Roku”
“Gesundheit sweetie.”

 

[UConnNick]

Give it all to the decision makers in that conference in unmarked envelopes. That's probably what Louisville did with the ACC.

In cash. You'll probably need a bag or a briefcase...maybe several.

One of my aunts is fond of saying: "Money isn't everything, but there's damn little it won't buy."

Ironically, she lives in Storrs. She's 101 years old.

 

[bceagle]

Please explain how spending $120m gets us into the B1G

(narrator) It does not.

 

[UConnNick]

Who authorized Herbst on her way out the door and Benedict who has not figured out how to end the Ollie debacle to make this move? The Board of Trustees needs to get some answers as this move is not cheap( AAC buyout/Big East entry fee), no TV revenue for football, and they are continuing to lose $22 million on Olympic sports with no cuts there. Yay UCONN golf, tennis and cross country! What a cluster!

These people spend more money they don't have like drunken sailors on extended shore leave.