UConn escape plan - The Big East

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Re: UConn escape plan - The Big East

Postby Bill Marsh » Mon Mar 02, 2015 11:47 am

stever20 wrote:
Bill Marsh wrote:UCoon will be collecting money from exit fees and NCAA tournament credits for 3-5 more years after this one. Not only will they lose that money if they leave the AAC, but they will have to pay a $15 million exit fee. If/when the time comes for them to leave they will be required to give 27 months notice. If they get the 27 months notification waived, it will cost them a lot to buy out of it. I think that West Virginia paid $20 million. To the Big East and Maryland paid the ACC $30 million. Both also paid lots of money in attorney's fees.

Leaving the AAC just doesn't make financial success right now unless they get into a P5 conference .


not only that, but after this year, they still have 25 units from their championship run last year after the split. Considering each unit right now is 250k, that's 6.25 million dollars just in that(they don't get all of it, but still). Also have 10 units left after this year from their 2011 title run. And 3 units from their 2012 appearance left. So add that up and UConn has 38 units that they earned that are yet to be paid off after this year- or about 9.5 million bucks.


Exactly my point. 8-)

They also have units coming in from 2013 when Louisville won the title and Syracuse went to the Final Four which will continue to pay out until 2018 as well as other units that were earned for the conference by other teams before they left.
Bill Marsh
 
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Re: UConn escape plan - The Big East

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