[Husker] buyout penalties (fwd)

[Mike Jaixen]

SportsByBrooks has a clarification... (Warning: while this article doesn't have anything offensive on it, some employers may find other things on the site NSFW...)


As noted by Nebraska Chancellor Harvey Perlman this 
week, there is no existing Big 12 bylaw that states that teams departing from the league must pay out a penalty fee to remaining conference 
members.
Perlman noted on KLIN-AM in Lincoln yesterday that, “there is a 
liquidated damages provision that purports to make the existing members 
whole,” but that there is no pre-designated charge for leaving the 
conference.
That doesn’t mean though that there isn’t something in the Big 12 
bylaws that will injure NU and CU financially. There is. And it’s the 
reason both schools are in such a mad dash to escape the league.
Under Big 12 bylaws, up to 80 percent of league revenue can be 
withheld from Colorado and Nebraska over the next two years, and 
conference commish Dan Beebe has stated on the record that he has every intention of 
garnishing 2011 revenue due the two schools.

http://www.sportsbybrooks.com/nebraska-colorado-big-12-exit-fees-dont-exist-28545


 Mike Jaixen
http://huskermike.blogspot.com
http://www.cornnation.com




________________________________
From: Dick Karre <dkarre at comcast.net>
Cc: husker at romaine.tssi.com
Sent: Wed, June 16, 2010 5:10:59 PM
Subject: Re: [Husker] buyout penalties (fwd)

Mike Nolan wrote
> Does the Big XII constitution say anything about where disputes must be handled?    
The bylaws do not mention dispute resolution. The Big 12 does business in all the conference states, so they could presumably be sued in any of them or in federal court.

-- Dick Karre
dkarre at comcast.net


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