FIU4Ever
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50K to leave the Belt?
with 12 months or more notice. $1 M for less than 12 months notice.
Quote:According to the Sun Belt bylaws, MTSU must pay $1 million if it gives less than 12 months notice of its departure. But there is no exit fee if it gives more than 12 months notice, and the university must only forfeit its annual portion of league revenue of no more than $50,000.
MTSU to contest $1 million exit fee
So the remaining belt teams looking at a windfall of at most $100,000 of league revenue when UNT & FIU departs?
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12-04-2012 10:35 AM |
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AlaIllTex
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RE: 50K to leave the Belt?
(12-04-2012 10:35 AM)FIU4Ever Wrote: with 12 months or more notice. $1 M for less than 12 months notice.
Quote:According to the Sun Belt bylaws, MTSU must pay $1 million if it gives less than 12 months notice of its departure. But there is no exit fee if it gives more than 12 months notice, and the university must only forfeit its annual portion of league revenue of no more than $50,000.
MTSU to contest $1 million exit fee
So the remaining belt teams looking at a windfall of at most $100,000 of league revenue when UNT & FIU departs?
If that's the deal, that's the deal.
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12-04-2012 12:20 PM |
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FIUFanatic
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RE: 50K to leave the Belt?
The MTSU situation sure is getting a bit testy versus the Sun Belt. Interesting stuff and information in that article. So they would have to pay $1 million to leave the Sun Belt and another $ 2 million to join CUSA That's doable but steep at $3 milion to make the move immediately.
Good thing we did it on a timely basis, so FIU saved half a million plus dollars in the move. I wonder what FAU will do,
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12-04-2012 12:29 PM |
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Buzz Lightyear Lite
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RE: 50K to leave the Belt?
I know MTSU is upset about not being in bowl etc.....but just like Boise St.....if you stick around since one year to next massive changes in schedule are tough even if you are not being stuck. Wait that one year you are still in your conference and things look to be a little shaken out by the actual transfer to new league.....look at TCU and how that worked. Big East was not what they signed on to and got better deal. Just because you don't like the set up sometimes taking a little time to move is the right thing to do.....for EVERYONE......
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12-04-2012 01:20 PM |
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SkullyMaroo
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RE: 50K to leave the Belt?
MTSU best not leave on bad terms. You never know if and when they might need the Sun Belt. Sure, leave with the rules set in place. But don't piss everyone off in the process.
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12-04-2012 01:56 PM |
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MTowho
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RE: 50K to leave the Belt?
(12-04-2012 01:56 PM)SkullyMaroo Wrote: MTSU best not leave on bad terms. You never know if and when they might need the Sun Belt. Sure, leave with the rules set in place. But don't piss everyone off in the process.
LOL I think it's quite the opposite.
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12-04-2012 02:00 PM |
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TeKERaider
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RE: 50K to leave the Belt?
(12-04-2012 12:29 PM)FIUFanatic Wrote: The MTSU situation sure is getting a bit testy versus the Sun Belt. Interesting stuff and information in that article. So they would have to pay $1 million to leave the Sun Belt and another $ 2 million to join CUSA That's doable but steep at $3 milion to make the move immediately.
Good thing we did it on a timely basis, so FIU saved half a million plus dollars in the move. I wonder what FAU will do,
The 2 million entrance fee is not out of pocket it is a reduced share of tv revenue in the first 2 years. It's normally 2 million I think as of now we will only get a mil the first 2 years. You guys are most likely doing the same thing. Compare that to the 35-50k we are walking away from.
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12-04-2012 02:59 PM |
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FIUFanatic
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RE: 50K to leave the Belt?
(12-04-2012 02:59 PM)TeKERaider Wrote: (12-04-2012 12:29 PM)FIUFanatic Wrote: The MTSU situation sure is getting a bit testy versus the Sun Belt. Interesting stuff and information in that article. So they would have to pay $1 million to leave the Sun Belt and another $ 2 million to join CUSA That's doable but steep at $3 milion to make the move immediately.
Good thing we did it on a timely basis, so FIU saved half a million plus dollars in the move. I wonder what FAU will do,
The 2 million entrance fee is not out of pocket it is a reduced share of tv revenue in the first 2 years. It's normally 2 million I think as of now we will only get a mil the first 2 years. You guys are most likely doing the same thing. Compare that to the 35-50k we are walking away from.
I have not read the terms of the payments, so if it is like you say, then you basically end up the same as if staying in the Belt, though I would have thought that at least a "down payment" of sorts would have been needed. At any rate, thanks for the info.
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12-04-2012 03:50 PM |
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