[Husker] buyout penalties (fwd)

[Tony lambert]

Lynette, I don't think you are alone on this. Many people upset and I heard 
a good one today on the Paul Finebaum show. Sirius radio he is referring to 
Texas as the Qu_ _r and steer state. Texas has allot of egg on their over 
this.
here is a link to his web page http://finebaum.com/


Tony Lambert
----- Original Message ----- 
From: "Lynette Tillner" <ltillner at yahoo.com>
To: "Mike Jaixen" <mikejaixen at yahoo.com>; "Dick Karre" <dkarre at comcast.net>; 
<husker at tssi.com>
Sent: Wednesday, June 16, 2010 10:21 PM
Subject: Re: [Husker] buyout penalties (fwd)


It is my understanding that withholding the 80% is to cover the "liquidated 
damages"? Am I wrong. I don't doubt the Big XII -2 will try to withhold the 
max (especially from NU) but there is nothing to say we can't sue to get it 
back, right?

I'm so pissed at the way the potential orphans gave up their claim to any of 
that money (if it comes to the league) to Texa$$, OU, and TAMU. That totally 
disgusts me!
Lynette (Tillner) Peavey
ltillner at yahoo.com




________________________________
From: Mike Jaixen <mikejaixen at yahoo.com>
To: Dick Karre <dkarre at comcast.net>; husker at tssi.com
Sent: Wed, June 16, 2010 6:51:25 PM
Subject: Re: [Husker] buyout penalties (fwd)

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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