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CU has rejoined the Big 12 and broken college football - talking out asses continues

Buffnik said:
I highly doubt that the members can escape a creditor by dissolving their association.
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There are a lot of interesting legal questions.

First, what, if a anything, does CU still owe on the COVID area loan from the conference? What were the terms or the loan?

Second, if the conference dissolves, the Pac-12 constitution and bylaws say that the assets of the conference are transferred to the members:

In the event of the dissolution or final liquidation of the Conference, all of the remaining assets and property of the Conference shall, after paying or making provision for the payment of all of the liabilities and obligations of the Conference and for necessary expenses thereof, be distributed to the members of the Conference so long as they are then qualified as a tax-exempt organization under Code Section 501(c)(3), or to such organization or organizations organized and operated exclusively for charitable or educational purposes as shall at the time qualify as an exempt organization or organizations under Code Section 501(c)(3) as the CEO Group shall de- termine. In no event shall any of the assets or property be distributed to any director or officer, or any private individual. (6/10)
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A loan is an asset. So, as I read the constitution, in the event of dissolution will transfer the assets pro rata to the members at the time of dissolution. At this point, the conference has to be dissolved at the end of the media deal because there are not enough members to be a conference per NCAA rules. So, assuming it gets divided 12 ways, each member institution--including CU--would own 1/12 of the CU debt to the conference (assuming that the loan agreement does not say different, or is not sold to a third party).

And while we are at it, for all of those nitwits who think that the remaining 4 continuing members are just gonna keep all of the media money, well take a look at Executive Regulation (1)(1):

1. Media Rights.
All media rights net revenue generated by the Conference shall be distributed equally among all members. (10/10, 7/12)
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hokiehead said:
Hmmm

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Add Rice & Tulane to get to 8 as a full conference with top level academic chops. I think they would be a league that others would want to be a part of. Lots of prestige here and followings or markets that would drive media. Also very newsworthy if they're basically the collection of universities with Ivy values and top division football.
 
Buffnik said:
Add Rice & Tulane to get to 8 as a full conference with top level academic chops. I think they would be a league that others would want to be a part of. Lots of prestige here and followings or markets that would drive media. Also very newsworthy if they're basically the collection of universities with Ivy values and top division football.
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Adding to this, if this getting formed coincided with the ACC breaking I bet Duke and GA Tech would jump to this conference.

How long before Northwestern and Vanderbilt decide this would be a better fit?

I'd watch it. And I think it could be that opposing narrative needed to balance things against the current course and improve the sport.
 
Buffnik said:
Adding to this, if this getting formed coincided with the ACC breaking I bet Duke and GA Tech would jump to this conference.

How long before Northwestern and Vanderbilt decide this would be a better fit?

I'd watch it. And I think it could be that opposing narrative needed to balance things against the current course and improve the sport.
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No SDSU?
 
BUFFset said:
Fox and Nike U are headed for a lawsuit against Pac-4. Potentially could name UW, fUCLA, Condom$ as defendants with UO for colluding with Fox to ruin the Pac-12. No Ralphie emoji mentioned in the rumor. The one major participant I see missing is B1G...
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Thanks.
 
LesGrossman said:
I’ve said it before and I’ll say it again: B12 feels like REAL CFB… not whatever overproduced sterile NFL-Lite they’re turning the P2 into. I’ll thoroughly enjoy the entertainment and seething hatred of all these border schools
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I'm pumped to get to tailgate with fans who actually give a ****.

And I want Coach Prime vs. the 56 year old man in Stillwater next Thanksgiving.
 
BUFFset said:
Fox and Nike U are headed for a lawsuit against Pac-4. Potentially could name UW, fUCLA, Condom$ as defendants with UO for colluding with Fox to ruin the Pac-12. No Ralphie emoji mentioned in the rumor. The one major participant I see missing is B1G...
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tenor-1.gif
 
The Alabaster Yak said:
Agreed, but until someone spells out how they get out of their GOR without forfeiting ~$700m, I don’t understand how it happens
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Heard a Clemson writer today (forget his name) who was saying that Clemson isn't worried about the GOR. But until they have serious interest from either the B1G or SEC it's all moot.
 
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CarolinaBuff said:
Heard a Clemson write today (forget his name) who was saying that Clemson isn't worried about the GOR. But until they have serious interest from either the B1G or SEC it's all moot.
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That is what I don’t understand about FSU’s agitating. Do they think the networks are looking to pony up more money now?
 
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