Big East Won't Accept Buyouts From West Virginia, Pitt Or Syracuse, According To Report
by Patrick_the_Ruminator on Dec 27, 2011 2:14 PM EST
in The Big East Falls Apart
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Matt Hayes said about West Virginia's suit:
But forget about settlements and cash buyouts. West Virginia is bound by a legal contract it signed with the Big East and the Big East isn't letting go.
What WVU is asking our legal system to do is ignore terms of a contract. That's not going to happen unless the Big East has violated terms of the deal, which it hasn't.This lawsuit, more than anything, is a tactical (see: litigious) way for West Virginia to get the Big East to accept a monetary buyout. And now, it appears, that's not going to happen, either.The reality is, West Virginia can simply leave and play in the Big 12 next season, but monetary legal damages of breaking that contract could make Texas A&M's buyout from the Big 12 (estimated at $13-15 million) look like chump change, especially if Pitt and Syracuse are willing to wait to leave WVU alone in its contract defiance.
We've heard this before haven't we? The Big East hasn't changed its tune about letting any school leave early. West Virginia is determined to leave early. We've also heard about the difficulty of the Big East getting a legal injunction to force the Mountaineers to stay.
We are still waiting on the lawsuits by both parties to wrap up. But, what if the Mountaineers aren't successful with the legal route? Do they have the kind of money they would need to "simply leave and play in the Big 12 next season"?
For more coverage West Virginia's legal battle to leave the Big East early, stay tuned to our Big East Falls Apart section.
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Give me a break...
Stuff like this is why Marinatto and the BE comes across as such a joke. Denial of the situation and being reactive instead of proactive is what got you into this mess in the first place.
Anyone who thinks a judge will be forcing WVU to play in the BE next year has absolutely no idea of how our legal system works. It would be like forcing someone to stay in their apartment because they’d signed a lease or in their marriage because they signed a marriage license.
So yes, Mr. Marinatto, you will be accepting a buyout from WVU and likely from those bootlickers at Pitt and Syracuse once we carry them one last time. The only question is how much will it be and that amount will be based upon a determination of damages instead of how tightly your panties are bunched.
A&M leaving affects an existing Big 12 contract that goes into the hundreds of millions and their buyout is around 15M. WVU’s buyout will be determined in large part on how our leaving affects your AQ status, which I suspect is the main reason why this hasn’t been resolved already. In any case, the penalty for leaving early won’t be higher than A&M’s so yes, we’ll be playing in the Big 12 next year.
by WVU_BIG12_Football on Dec 27, 2011 3:52 PM EST reply actions
Try learning some law. In many ways, the BigEast bylaws are like a prenup; they spell out what happens in the event of a breakup. Just like prenups are binding, so are normal contracts.
A&M and Missouri can leave for the SEC next year because they did NOT sign agreements that required them to stay. Their exit fees were calculated by their contacts.
If WVU leaves and breaks the contract, they will pay damages beyond what the Aggies paid.
Obviously you know nothing
If you would’ve only waited 3 hours, you wouldn’t have looked like such a fool.
Not how the law works
WVU, Pitt, and Cuse all signed a contractual obligation recognized in court to stay for 27 months. The only argument in court WVU would have is if the BE also did not up-hold their end of the contract, which they did not do. The fans of the schools leaving may not personally like Marinatto, but the judge in the court of law will not care.
Isn’t WVU in a BCS bowl? Isn’t it getting it’s tv revenues fom FB and BB contracts. Aren’t Syracuse and Pitt staying for 27 months.
WVU has a very poor case for breach by the Big East.
At the time..
the 27 month thing was a over-reaction to the departures of VT, BC and Miami to the ACC. There was no reason it needed to be that long, and the schools should never have signed off on it knowing that it could bite them in the back in the future. 2014 seems like eons away if you are a fan of Cuse, Pitt or WVU, that is for sure.
the integrity of the Big East
any really all conferences (except the SEC) is at stake
the Big East is taking a hard stance now and they have to both to reassure the new members as well as a reminder of all members, new and old, the sanctity of contracts
SEC?
How does the SEC not have integrity?
by TheN8tureBoy on Dec 28, 2011 9:58 AM EST up reply actions
AFAIK
SEC has no exit clause in its membership contract. any members can leave at any time without a fee even
It's true that the SEC doesn't have an exit fee
they don’t need one. Nobody would be fool enough to leave it now (founding members Georgia Tech, Tulane and Sewanee left, but the last of them departed in the 60’s).
by Patrick_the_Ruminator on Dec 28, 2011 1:52 PM EST up reply actions
Mizzou would join the Big Ten immediately if they got an invite
Though they will not.
What this means is...
It looks more and more unlikely that WVU, Pitt, and Cuse will be able to leave before 2014. I give WVU a little more of a shot, because I think they have a better of chance of getting money from their new conference (Big 12) to pay for the settlement damages of leaving.
You can't "force a settlement"
It is dumb to keep saying the lawsuit will force a settlement. If the Big East does not want to settle – they won’t. The conference has a very strong case based upon WV own actions and the league schools have more than enough cash on hand for litigation purposes. Big XII will be waiting for the mountaineers.
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