The 10 million-dollar exit fee is based on giving the agreed upon / required amount of notice -- which is a little over two years. By not giving this notice UConn is in breach correct? If not I'm sure there's a clause that allows an earlier exit with extra fees a paid --- something more than 10 million.

UCONN beat writers think they'll settle at $12 Mil.

(06-25-2019 06:56 PM)TIGERCITY Wrote:  The 10 million-dollar exit fee is based on giving the agreed upon / required amount of notice -- which is a little over two years. By not giving this notice UConn is in breach correct? If not I'm sure there's a clause that allows an earlier exit with extra fees a paid --- something more than 10 million.

It has to be negotiated. No hard guidelines, but it will be over $10M.

https://twitter.com/slmandel/status/1143...63584?s=21

I read that it's anticipated that UConn will pay more like 12-14 million due to the accelerated exit. Not sure how solid that conjecture is though.

(06-25-2019 07:00 PM)Bogg Wrote:  I read that it's anticipated that UConn will pay more like 12-14 million due to the accelerated exit. Not sure how solid that conjecture is though.

They are broke. Should be interesting getting the money.

(06-25-2019 06:59 PM)Pony94 Wrote:  https://twitter.com/slmandel/status/1143...63584?s=21

The comments under that tweet are hilarious.

(06-25-2019 07:03 PM)KNIGHTTIME Wrote:  

(06-25-2019 07:00 PM)Bogg Wrote:  I read that it's anticipated that UConn will pay more like 12-14 million due to the accelerated exit. Not sure how solid that conjecture is though.

They are broke. Should be interesting getting the money.

Heard they asked about a layaway plan

(06-25-2019 07:03 PM)KNIGHTTIME Wrote:  

(06-25-2019 07:00 PM)Bogg Wrote:  I read that it's anticipated that UConn will pay more like 12-14 million due to the accelerated exit. Not sure how solid that conjecture is though.

They are broke. Should be interesting getting the money.

I've joked about this before, but I actually do mean it that as the only national-level state university in Connecticut UConn can really do whatever (including run these football losses) so long as the state feels that's what they want to do. The state budget this year is around $40 billion. The Governor is on the board voting tomorrow morning. It's actually not that hard to find the money when you're the only game in town.

(06-25-2019 07:04 PM)Pony94 Wrote:  

(06-25-2019 07:03 PM)KNIGHTTIME Wrote:  

(06-25-2019 07:00 PM)Bogg Wrote:  I read that it's anticipated that UConn will pay more like 12-14 million due to the accelerated exit. Not sure how solid that conjecture is though.

They are broke. Should be interesting getting the money.

Heard they asked about a layaway plan

Hahaha


UConn football RIP

(06-25-2019 07:00 PM)Bogg Wrote:  I read that it's anticipated that UConn will pay more like 12-14 million due to the accelerated exit. Not sure how solid that conjecture is though.

That would be great for UConn. I doubt they'll be getting off that cheap. Their leaving a mess and could give the 27 months but don't want to.

(06-25-2019 07:04 PM)TripleA Wrote:  

(06-25-2019 06:59 PM)Pony94 Wrote:  https://twitter.com/slmandel/status/1143...63584?s=21

The comments under that tweet are hilarious.

Is that actually correct? There are really no FBS teams with open dates in 2020? If thats true, then its simply a fact that the UConn administration had absolutely no plan for football--and really never cared or researched what effects the move would have on the program. You just have to shake your head. Maybe the folks saying this was the UConn administration doing a low profile time release termination of the football program are correct.

One thing I found ironic, they decided to leave after their NCAA Tournament units expired.

(06-25-2019 07:32 PM)Foreverandever Wrote:  

(06-25-2019 07:00 PM)Bogg Wrote:  I read that it's anticipated that UConn will pay more like 12-14 million due to the accelerated exit. Not sure how solid that conjecture is though.

That would be great for UConn. I doubt they'll be getting off that cheap. Their leaving a mess and could give the 27 months but don't want to.

What mess? And I thought UCONN leaving was a value-add. Driving up the price smells like desperation to keep the Huskies.

(06-25-2019 07:38 PM)Attackcoog Wrote:  

(06-25-2019 07:04 PM)TripleA Wrote:  

(06-25-2019 06:59 PM)Pony94 Wrote:  https://twitter.com/slmandel/status/1143...63584?s=21

The comments under that tweet are hilarious.

Is that actually correct? There are really no FBS teams with open dates in 2020? If its true, then its simply a fact that the UConn administration had absolutely no plan for football--and really never cared or researched what effects the move would have on the program. You just have to shake your head.

Is that actually surprising though?

(06-25-2019 07:03 PM)KNIGHTTIME Wrote:  

(06-25-2019 07:00 PM)Bogg Wrote:  I read that it's anticipated that UConn will pay more like 12-14 million due to the accelerated exit. Not sure how solid that conjecture is though.

They are broke. Should be interesting getting the money.

All those NCAA cred...oh....

(06-25-2019 07:38 PM)Attackcoog Wrote:  

(06-25-2019 07:04 PM)TripleA Wrote:  

(06-25-2019 06:59 PM)Pony94 Wrote:  https://twitter.com/slmandel/status/1143...63584?s=21

The comments under that tweet are hilarious.

Is that actually correct? There are really no FBS teams with open dates in 2020? If thats true, then its simply a fact that the UConn administration had absolutely no plan for football--and really never cared or researched what effects the move would have on the program. You just have to shake your head. Maybe the folks saying this was the UConn administration doing a low profile time release termination of the football program are correct.

We got $1,500,000 from Michigan. We might take a buy game although price has increased since last year.

(06-25-2019 06:59 PM)Pony94 Wrote:  https://twitter.com/slmandel/status/1143...63584?s=21

that is a full yikes

panama just 2 days was telling us they had this all planned out

(06-25-2019 07:40 PM)HuskyU Wrote:  

(06-25-2019 07:32 PM)Foreverandever Wrote:  

(06-25-2019 07:00 PM)Bogg Wrote:  I read that it's anticipated that UConn will pay more like 12-14 million due to the accelerated exit. Not sure how solid that conjecture is though.

That would be great for UConn. I doubt they'll be getting off that cheap. Their leaving a mess and could give the 27 months but don't want to.

What mess? And I thought UCONN leaving was a value-add. Driving up the price smells like desperation to keep the Huskies.

or pettiness.." you leave when we say you leave..not the other way around"

im pretty sure everyone will see it more as spite than desperateness

(06-25-2019 06:56 PM)TIGERCITY Wrote:  The 10 million-dollar exit fee is based on giving the agreed upon / required amount of notice -- which is a little over two years. By not giving this notice UConn is in breach correct? If not I'm sure there's a clause that allows an earlier exit with extra fees a paid --- something more than 10 million.

The 27 month clause has been a dead letter since West Virginia jailbroke the bylaws in 2011-12. Syracuse, Pitt, Louisville, Rutgers all stayed for one full lame-duck year, not for 27 months.

On the other hand, they also all paid $1-$2.5M more than the "list price" of the exit fee.

If it goes to court, you'll have a hard time proving damages from UConn leaving in 2020-21 rather than 2021-22, which is what you'd have to prove. Not damages from UConn *leaving*--that's settled at $10M. Damages from UConn leaving after one year rather than two years.

West Virginia settled at $20M for less than $12 months notice, based on a $5M exit fee. That's the ceiling.