ChiefsPlanet - Funny Stuff New Conference re-alignment thread

You were confused by the legal language. When all parties agree that someone will be damaged when something bad happens, but they also agree that the amount of damage will be hard to determine, it is common to agree ahead of time to something that the law refers to as "liquidated damages". That is what was done here. Often you will sign a contract saying "we agree that if *bad thing* happens, rather than fight about the proper penalty, which we also agree that the amount would be tough to determine, we'll just simply agree ahead of time to a fine of $X"

Mizzou agreed that if they left with notice less than a year but greater than 6 months, then they forfeit 90% of what they made for the last 2 seasons they were in the conference. The Big 12 would then refuse to pay Mizzou anything for the last part of this season (which is more than 10% at this point) and send Mizzou a bill for what they owe, which would be 90% of 2010, plus 90% of 2011 less what was withheld.

I wasn't confused by anything. The conference agreed that a team leaving an intact league would cause damages of $6million. The conference is going to have a hell of a time showing that a team leaving an already fractured league owes more in damages than the first schools that left.

Mr. Plow

10-12-2011 09:02 AM

Quote:

Originally Posted by Saul Good (Post 7988549)

Maybe this is incorrect - but after Nebraska/Colorado left, didn't the remaining teams, or the league, put in stiffer fines/etc. for leaving the Big 12? Not that really expect them to get $25 million out of MU, I would expect it to end up at minimum $6 million.

Saul Good

10-12-2011 09:08 AM

Chuck Neinas is an idiot, BTW. At his press conference, he discussed the report that MU could earn $12 million extra per year and proceeded to shit all over himself.

He said he doubted it was true because there would be 14 teams in the SEC, and the new contract would have to be worth $168 million more in order for all teams to get $12 million more. He completely disregarded the fact that nobody claimed that the SEC schools would make $12 million more, but nobody called him on his bullshit. In fact, the local media dipshits grabbed a handful out of his soiled Depends and ran with it.

This conference is a ****ing clown show, and I hope like hell that we get the **** out.

KChiefs1

10-12-2011 09:13 AM

Quote:

Originally Posted by Pitt Gorilla (Post 7987971)

ChipBrownOB Chip Brown Sources tell Orangebloods.com #BYU is no longer a candidate to join the #Big12 because BYU wants to be independent.

BYU knows the Big 12 won't be around long.

Saul Good

10-12-2011 09:15 AM

Quote:

Originally Posted by Mr. Plow (Post 7988564)

I believe that the conference is attempting to do this, but Mizzou won't sign on. Unless Mizzou agrees to change the contract, they aren't bound by anything beyond the original agreement.

The longer this plays out, the stronger Mizzou's hand gets regarding exit fees. Neinas shits his britches every time he opens his denture-laden mouth, and it plays right into Mizzou's hands when he does.
The more he tries to push Missouri to sign a new contract or get out the door, the easier it is for Missouri to say that the conference violated the contract. After all, despite all the speculation, Mizzou has not left the conference, nor have they applied to join any other conference.

evenfall

10-12-2011 09:15 AM

This conference got rejected by BYU. Yeah... It's the place to be.

Mr. Plow

10-12-2011 09:16 AM

Quote:

Originally Posted by Saul Good (Post 7988578)

He completely disregarded the fact that nobody claimed that the SEC schools would make $12 million more, but nobody called him on his bullshit.

I thought that claim was in the MU report that was leaked....that a move to the SEC could make them (MU) $12 million more than they would have made in the Big 12.

Pants

10-12-2011 09:22 AM

Quote:

Originally Posted by Mr. Plow (Post 7988602)

I thought that claim was in the MU report that was leaked....that a move to the SEC could make them (MU) $12 million more than they would have made in the Big 12.

Yeah, but because MU stands to make 12 mil more doesn't mean all SEC schools to stand 12 mil more, they already make more money than the Big12 counterparts. So in reality, MU would make 12 mil more and other SEC schools would make 6 mil more or something like that.

kstater

10-12-2011 09:27 AM

Quote:

Originally Posted by Pants (Post 7988625)

Yeah, but because MU stands to make 12 mil more duijkoesn't mean all SEC schools to stand 12 mil more, they already make more money than the Big12 counterparts. So in reality, MU would make 12 mil more and other SEC schools would make 6 mil more or something like that.

The sec makes about 1.2 milion more than missouri will make this year(and will actually make less than the reported 20 million big 12 members wl make next year but that will be ignored). Neinas is basing his numbers of of that.

Mr. Plow

10-12-2011 09:30 AM

Quote:

Originally Posted by Pants (Post 7988625)

Ahh, it was all in the wording. SEC schools won't make 12 million more, but MU potentially will.

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