Quote:
Originally Posted by mikeyis4dcats.
you are conveniently forgetting that the remaining members met after NU and CU left and all went through everything. These fees are based on that. CU and NU are meaningless.
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After the members left, they put together a bunch of non-binding resolutions and commitments to commit.
They didn't change the by-laws or the fee structures.
The exit fees will be calculated under the same language used when NE and CO left. That language is nebulous at best (and malpractice at worst). It absolutely leaves itself open to challenge and it will definitely be the only reason MU may get out of this thing for around $8 million or less.
What I hadn't really considered to this point was the possibility that the SEC is telling MU that it's offer is contingent on arriving in 2012. Deaton seems pretty dead-set on going to the SEC next season and that just doesn't seem like him. I wonder if the SEC isn't forcing MU's hand a little bit here, in which case we'll probably end up cashing out for a little bit less than Nebraska did.