Quote:
Originally Posted by ceebz
So, word is CU will be paying a 6-8 million dollar penalty for leaving the Big 12.
One has to wonder how they're going to pay that when they couldn't afford Hawkins' $3mm buyout.
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CU's AD was in the black last year and they had commitments from boosters specifically to fund the buyout.
Publically it's the reason why he's still there, but the school did not want to be seen as paying millions to buy out the football coach, and then go hat in hand to Denver begging the legislature to not cut higher ed. It was a political decision to keep him.
They're not a wealthy AD, but they're not near as broke as they're perceived to be.