[Husker] buyout penalties (fwd)

[Mark Landin]

And NU's response will be that there will be no financial harm to the
remainder of the conference, and so such withholdings would be
"inappropriate" as their intent is to "make whole" any parties
"damaged" by the departing schools. Could be an interesting fight.
Considering the approximately $15M at stake, expect lots of attorney
fees on both sides for this one.

On 6/16/10, Mike Jaixen <mikejaixen at yahoo.com> wrote:
> 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
>
>
> _______________________________________________
> husker site list
> husker at tssi.com
> http://romaine.tssi.com/mailman/listinfo/husker
>
>
>
>
> _______________________________________________
> husker site list
> husker at tssi.com
> http://romaine.tssi.com/mailman/listinfo/husker
>

-- 
Sent from my mobile device

"He's old enough to know what's right and young enough not to choose
it. He's strong enough to win the world and weak enough to lose it." -
Neal Peart