[Husker] buyout penalties (fwd)

[Mark Landin]

The offer by the 5 Dwarves was made, but has not been accepted by the
3 Bears. OU and aTm are too proud to take bribes. Draw your own
conclusions about the group in Austin.

On 6/16/10, Dick Karre <dkarre at comcast.net> wrote:
> Lynette Tillner wrote:
>> 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!
>>
> You are right on both counts. The bylaws also say, however, that if the
> withholding does not cover the liquidated damages, the league can assess
> the difference to the withdrawing members. And the 80%, as I understand
> it, applies against two years' revenues. Hence the big numbers coming
> out of Beebe.
>
> I thought the idea of the orphans ponying up their share of the CU/NU
> assessments was a bargaining ploy that never actually got enacted. Does
> somebody know differently?
>
> --
> Dick Karre
> dkarre at comcast.net
>
>
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