[Husker] buyout penalties

[Jerry Meyer]

Extortion by any other name is still extortion.  If the Federal government wants to look into college football cashing in, this would be a great place to start!

Jerry Meyer
Murfreesboro, TN (temporarily in the great state of Ohio, near one of the 12 pillars of the Big 10 conference - how strange does that sound?)



________________________________
From: Joe Janecek <joejanecek at yahoo.com>
To: husker at tssi.com
Sent: Wed, June 16, 2010 2:13:26 AM
Subject: [Husker] buyout penalties

http://sports.yahoo.com/top/news?slug=ap-big12lives

the part I was curious about:

"Some of the league’s smaller schools are giving up cash for the promise of keeping the league together and more money later.

Kansas, Kansas State [lowest payout at 8.7mil in 2008-2009], Baylor, Iowa State and Missouri—who were in danger of being left homeless if the conference dissolved—agreed to give up their share in buyout penalties to be paid by Nebraska and Colorado for leaving the league, Beebe said.

The idea is to have that money go to Texas, Texas A&M and Oklahoma, the schools the Big 12 needed to stay to remain viable, to make up for the difference in revenue those three might have made going elsewhere.

The amount of the penalties has not been disclosed, the Colorado athletic director Mike Bohn confirmed his school’s penalty for leaving the Big 12 “could be” around $9 million."

Later in the article it was mentioned that Missouri apparently did not agree to this conference blackmail that the other 'have-not' schools accepted. 

What do you think Nebraska's penalty will be? Will donors be asked to chip in? Will the Big Ten help pay for the move as an advance on future earnings? Will our expected new earnings make up the difference? 

It's about money. It's ALWAYS about money.

joe big red



      

_______________________________________________
husker site list
husker at tssi.com
http://romaine.tssi.com/mailman/listinfo/husker