(09-01-2023 08:07 PM)johnbragg Wrote: (09-01-2023 06:42 PM)Stugray2 Wrote: (09-01-2023 06:29 PM)Attackcoog Wrote: Not surprising they would try that first. Its the most profitable option for those two schools. Schools always do what is in their own best interests. The issue is whether they can find 6 schools willing to pay exit fees to move. Maybe they have figured out a way to help with that exit fee expense.
Problem is, helping to pay for those exit fees will absorb a very large chunk of the money they hope to make from the Pac-12.
No, exit fee assistance would come out of this years' PAC-12 budget. There's no way for OSU and WSU to tap into that money -- if they don't spend it, it goes to the departing schools.
Wrong. There is no exit fee from the Pac-12. Schools must be paid their full distributions. None of the exiting schools will allow any withholding, as that would be a breach of contract. Only expenses, like the comcast settlement, will be withheld.
This is a basic fallacy you and others have, that there is some stashed expansion fund in the Pac-12, or that Oregon State and Washington State have some power to retroactively change the byLaws to lay claims to money which is not theirs in order to pay for expansion that benefits them only. Not going to happen, cannot happen, and is illegal, as in theft or fraud to do so. Remember NCAA rules require conferences to be pass throughs. Any withholdings, such as exit fees, must be set up contractually with the members, something which the Pac-12 never did.
Much of the value of the Pac-12 is in depreciating physical assets (studio in Pleasanton, office furniture, etc), monies set aside for employee pensions (the office staff), and a maybe a small rainy day fund. But there are also liabilities.
I have no idea where you get the idea money exists to pay exit fees. I guess OSU and WSU could forego their 2023-24 distributions to help, but I doubt it, as they have alreadt budgeted this year assuming those monies.