Tourney Credits

[Litehouse]

Not sure how Creighton's situation played out, but Xavier and Butler both forfeited their pre-2014 shares when they left the A-10.  They literally arrived in 2013 with nothing in that regard.  i.e. do the math and Butler forfeited millions of dollars (from their max-share runs in 2010-2011) to join the BE.

Technically, I think Butler left all those units from 2010 and 2011 behind in the Horizon League when they moved to the A-10.

[MU82]

Marquette doesn't deserve anything. play like garbage shouldn't mean take from good teams

Beyond stoopid.

[brewcity77]

Let's be clear here:

First: The $110 million in the Big East fund are exit fees paid to the conference.  This is NOT tourney shares.

Second: The article reported that the C-7 kept their tourney shares and the departing (future) AAC schools kept theirs.  This is not part of the aforementioned $110M.

Both of these points are mentioned in the article.

Thanks for clearing it up...I thought the tourney shares were what we forfeited to keep the rights to the Big East name. It must have come out at some point we lost them or were negotiating them, because I definitely remember hearing at some point we would/could lose those.

[WarriorInNYC]

Thanks for clearing it up...I thought the tourney shares were what we forfeited to keep the rights to the Big East name. It must have come out at some point we lost them or were negotiating them, because I definitely remember hearing at some point we would/could lose those.

Brew, could you have been thinking about the tourney shares for Uconn and all?  As in, they were able to take their shares with them, but we still kept ours?

I honestly don't remember at all, but could see this part being confusing.

[Herman Cain]

The old Big East conference was never dissolved. The name was changed to  the AAC and they retained all exit fees and tournament shares.   The new conference bought the Big East name and the MSG  BET location in exchange for that. Shortly thereafter , The new Big East and Fox announced their 500 million ten year contract.

The AAC had negotiated a very meager TV deal that was going to pay its basketball members approximately 1 million per year. That is why the new league gave up the exit fees and the tournament credits. So while  the divorce seemed expensive at the outset it was not really in the greater scheme of things.

The three new members left everything behind also  and started participating in units and TV contract on Day 1.

This is per discussions with both the top brass in the Athletic Department.

[Goatherder]

Not sure how Creighton's situation played out, but Xavier and Butler both forfeited their pre-2014 shares when they left the A-10.  They literally arrived in 2013 with nothing in that regard.  i.e. do the math and Butler forfeited millions of dollars (from their max-share runs in 2010-2011) to join the BE.

Butler gave all that up when they joined the A-10 upon leaving the Horizon.  So the only thing they lost joining the Big East was whatever they earned for their one year in the A-10.  Not much.  But it makes clear how much they wanted out of the HL.  They gave up a huge chunk of change to get the hell out of the HL, and it was money well spent.  I am sure they did not expect to be able to join the Big East.  That is a bonus.  As for Creighton, they lost something leaving the Valley, but credits are going to be much more frequent in the Big East.  This year that means five teams in, four winning in the first round, and the NC.  That is a whole lot more than they were going to get in the Valley.

[rocky_warrior]

The name was changed to  the AAC and they retained all exit fees and tournament shares. 

That is why the new league gave up the exit fees and the tournament credits.

And this is contradictory from everything posted here, and reference in the article.  Here, read the article...they have "sources" too...

http://espn.go.com/college-sports/story/_/id/9019093/big-east-football-schools-keep-close-110-million-league-split-according-report

(or is this a case of you not choosing to read something that contradicts what you think?)

[brewcity77]

Brew, could you have been thinking about the tourney shares for Uconn and all?  As in, they were able to take their shares with them, but we still kept ours?

I honestly don't remember at all, but could see this part being confusing.

No, I definitely remember it the other way around, because I remember when I heard it I was upset and not sure the name was worth that much, but figured splitting from football probably was.

[wildbillsb]

What the fook are any of you talking about?  Do you know?  Will someone please clarify this contradictory-sounding gibberish?  Thanks.

[Benny B]

What the fook are any of you talking about?  Do you know?  Will someone please clarify this contradictory-sounding gibberish?  Thanks.

http://www.muscoop.com/index.php?topic=25546

[wildbillsb]

Thanks, Ben-Ben, but man, does my head hurt.  Somebody has to sit down with me over a couple of tall cold ones and patiently answer (anticipate?) my thickheaded questions.  (Pathetic, I know.)

[Dawson Rental]

The AAC got like 92% of the $110 million left in the Big East fund. The current Big East kept $10 million.

http://espn.go.com/college-sports/story/_/id/9019093/big-east-football-schools-keep-close-110-million-league-split-according-report

never mind, Bennie got there first.  Curses!

[Benny B]

Technically, I think Butler left all those units from 2010 and 2011 behind in the Horizon League when they moved to the A-10.

Butler gave all that up when they joined the A-10 upon leaving the Horizon.  So the only thing they lost joining the Big East was whatever they earned for their one year in the A-10.  Not much.  But it makes clear how much they wanted out of the HL.  They gave up a huge chunk of change to get the hell out of the HL, and it was money well spent.  I am sure they did not expect to be able to join the Big East.  That is a bonus.  As for Creighton, they lost something leaving the Valley, but credits are going to be much more frequent in the Big East.  This year that means five teams in, four winning in the first round, and the NC.  That is a whole lot more than they were going to get in the Valley.

My oversight... you guys are correct that Butler left those credits with the Horizon, and in their case, it speaks to the magnitude of the importance to not just get out of the Horizon but take advantage of a once-in-a-millennia opportunity for a member of a low-major conference to finally get out of the cellar of D-I hoops - something that has similarly frustrated the likes of Davidson, Valpo, Utah State, SDSU, Dayton, etc. for decades.  It was a huge gamble, but Butler played their cards right, and well, look at them now.

[Herman Cain]

And this is contradictory from everything posted here, and reference in the article.  Here, read the article...they have "sources" too...

http://espn.go.com/college-sports/story/_/id/9019093/big-east-football-schools-keep-close-110-million-league-split-according-report

(or is this a case of you not choosing to read something that contradicts what you think?)

The sentence in that article referring to units was poorly worded.

Just so everyone has the facts , here is the actual source document from the NCAA.  Please refer to page 9. It clearly shows all prior units belonging to the AAC and anything going forward to the Big East.

https://www.ncaa.org/sites/default/files/2015-16_Revenue_Distribution_PlanFinal.pdf

[Benny B]

The sentence in that article referring to units was poorly worded.

Just so everyone has the facts , here is the actual source document from the NCAA.  Please refer to page 9. It clearly shows all prior units belonging to the AAC and anything going forward to the Big East.

https://www.ncaa.org/sites/default/files/2015-16_Revenue_Distribution_PlanFinal.pdf

As far as the NCAA is concerned, they pay their credits earned by the AAC (f/k/a Big East) to the AAC.  Such does not preclude the AAC from turning around and cutting a check to the (new) Big East for their share of those credits.

[Herman Cain]

As far as the NCAA is concerned, they pay their credits earned by the AAC (f/k/a Big East) to the AAC.  Such does not preclude the AAC from turning around and cutting a check to the (new) Big East for their share of those credits.

Money is fungible,  each school also had $5 million exit fees. So net net etc. Old schools pretty much kept everything, $100 milion out of $110 million. Also remember the Old Big East provided services to new Big East for quite a while which ate into the bulk of that $10 million.

The Big Tickets for the Big East are the TV contract and the going forward NCAA units.

The key for us is to keep getting half our schools or better into the tournament each year. Then hope they do well.