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Message
Legal Consequences
Posted on 6/11/10 at 11:56 am
Posted on 6/11/10 at 11:56 am
What about all the contracts for game and conference contracts?
If the Big 12 loses say 6 schools leaving 8 schools hanging in the breeze, cant those remaining 8 schools cause all kinds of legal problems?
If the SEC and Big 10 want to expand eastward arent legal problems going to stop that expansion?
If the Big 12 loses say 6 schools leaving 8 schools hanging in the breeze, cant those remaining 8 schools cause all kinds of legal problems?
If the SEC and Big 10 want to expand eastward arent legal problems going to stop that expansion?
2
Posted on 6/11/10 at 11:57 am to Oyster
The Big-12 contracts run through 2012. If teams want to play in another conference before that, they have to pay a buyout
Posted on 6/11/10 at 11:59 am to Oyster
Most conferences have buy-out clauses if a school leaves. I'm pretty sure the SEC is the only major conference that does not have a buy-out clause. We figure if someone is dumb enough to leave, adios.
Posted on 6/11/10 at 12:05 pm to usc6158
The buyout amount is $10 million per school, IIRC, and that cost only goes away if 9 schools of the 12 vote to dissolve the conference.
Considering that K-State, Kansas, Iowa State, and Baylor would likely be screwed in such an event, getting a 9-3 vote in favor of dissolving the conference is very unlikely.
Considering that K-State, Kansas, Iowa State, and Baylor would likely be screwed in such an event, getting a 9-3 vote in favor of dissolving the conference is very unlikely.
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