What do we do with $25M?

[atl86bull]

Greg Auman â€@gregauman

USF, like Cincy and UConn, should get between $18 million and $25 million from Big East reserve fund, @mblauds says @ http://ajerseyguy.com

 

Build the indoor practice facility $14M and put the rest in the bank. 

 

 

[zarnozdabull]

Pay Skip Holtz.

[CousinRicky]

Pay Skip Holtz.

 

Nah, pay it out over the 5 years allowed and use the interest toward other endeavors.

[Skingraft]

Gumball 3000 trip, Asian hookers, and a Bugatti

[Bulls1181]

So what if Uconn and Cinci leave tomorrow? Do we get 75 million?

[BullFan98]

Greg Auman â€@gregauman

USF, like Cincy and UConn, should get between $18 million and $25 million from Big East reserve fund, @mblauds says @ http://ajerseyguy.com

 

Build the indoor practice facility $14M and put the rest in the bank. 

+1

[Bull Martin]

Disperse it evenly among season ticket holders and cancel the program?

[Hem]

Greg Auman â€@gregauman

USF, like Cincy and UConn, should get between $18 million and $25 million from Big East reserve fund, @mblauds says @ http://ajerseyguy.com

Build the indoor practice facility $14M and put the rest in the bank.

+1

agreed

[FatDaddyBull]

Save ten for a future exit fee

[Reliable Source]

Here's the breakdown coming from a Marquette blog FWIW

 

Basically:

• C7 get $15 million
• Incoming football schools get $1 million
• $5 million to cover splitting the Big East office
• $72 million to Uconn, Cincinnati, and USF

http://ajerseyguy.com

Big pay day coming for Big East 3
March 3, 2013 – 5:29 pm

But with a Big East  cash fund of close to $100 million available for distribution each of those schools should be collecting a check of between 18 and 25 million once the settlement is reached according to sources familiar with the talks between the Big East and the Catholic 7 schools who are pushing for a withdrawal by July 1.

The $100 million total is a combination of the nearly 70 million dollars the Big East has and will collect in exit fee money from schools that have left or have announced they are leaving. Another approximately $30 million check will come to the Big East offices from the NCAA as “unit†shares for conference teams participation in the NCAA men’s basketball tournament.

According to sources, the offer that the Big East football faction has presented the Catholic 7 group consisting of St. John’s, DePaul, Providence, Marquette, Seton Hall, Georgetown and Villanova is a lump sum of between 10 and 15 million dollars.

Using a generous estimate of 15 million, that reduces the total to 85 million dollars

Each of the new Big  East schools that will be part of the Big East football league next season–SMU, Houston, Memphis, Central Florida and Temple will receive approximately $1 million, which reduces the total by another $5 million down to 80 million.

New members committed to join the Big East in 2014 such as Tulane and East Carolina and Navy which is scheduled to join in 2015 (in football only)could also receive a payment if they honor their commitment , which should reduce the total to 77 million.

The Big East office will then take an operating cost fee of another $5 million, which will  reduce the total to 72 million, which will then be divided evenly between Cincinnati, UConn and South Florida.

 

Here's my estimate from 2/27. I didn't account for the $5MM payola to the "league office" and the $1MM bones we are flipping to the incomings, but looks like I was pretty dead on, besides that.

 

Gotta remember the MSG contract is up for grabs too. The settlement money is gonna be worth $40MM or thereabouts. Value to the seven. 1 year of TV Contract= $40MM. Name value= About $20MM and MSG contract unfettered= $10MM. They can prolly pay it out of this years NCAA money. USF, Cincy and UConn(only full rights voting member with control of the cash) are gonna be sitting on a pile of cash at that point. They already have

 

WVU= $20MM

Syr= $7.5MM

Pitt= $7.5MM

UL= $10MM+ additional for early exit

Rut= $10MM+ additional for early exit

TCU= Backout fee of $5MM

BSU= Backout fee of $5MM

SDSU= Free backout cause BSU backed out.

 

Total= equals $65MM and counting. This conference realignment is becoming a lucrative business.Let's say I'm overly optimistic about recovery from the Nuns in the NE, half my estimate is $20MM plus $65MM split 3 ways.

 

THAT's $28MM each for Cincy, UConn and USF.

 

makes it worth waiting a little bit to let the dust settle, eh?

 

http://thebullspen.com/index.php?/topic/90630-catholic-7-want-to-gonow/

 

The only thing I didn't catch was the ND potential payout and they are screwed. The C7 doesn't want em for a year(smart move) and they have already announced leaving. If the C7 get's out early ND has no place for all sports in 2013.

Edited March 4, 2013 by Bullwinkle