RiseAndGrind Posted March 5, 2013 Share Posted March 5, 2013 JASE BANDELOW @JASEBANDELOW Official word on new C7/Big East today at 3. Big news for #Billikensfans according to source close to situation. Quote Link to comment Share on other sites More sharing options...
JMM28 Posted March 5, 2013 Share Posted March 5, 2013 How'd that tweet a few days into this process from your guy in Peoria work out? Looks like he was right. So I guess it worked out pretty well, thanks for asking Mrs. Thamel. Quote Link to comment Share on other sites More sharing options...
JMM28 Posted March 5, 2013 Share Posted March 5, 2013 JASE BANDELOW @JASEBANDELOW Official word on new C7/Big East today at 3. Big news for #Billikensfans according to source close to situation. Well if someone would know, I would assume a guy that works for Fox Sports would.... Quote Link to comment Share on other sites More sharing options...
UpperdeckKid Posted March 5, 2013 Share Posted March 5, 2013 I hope Big=Good not Big=heart breaking Quote Link to comment Share on other sites More sharing options...
Bobby Metzinger Posted March 5, 2013 Share Posted March 5, 2013 JASE BANDELOW @JASEBANDELOW Official word on new C7/Big East today at 3. Big news for #Billikensfans according to source close to situation. Is that 3 pm Central or 3 pm ATL time? Quote Link to comment Share on other sites More sharing options...
DeSmetBilliken Posted March 5, 2013 Share Posted March 5, 2013 I hope Big=Good not Big=heart breaking I basically asked him the same question. Here is the response I got: "I could tell you, but that wouldn't be very fun. Muahahahah" Quote Link to comment Share on other sites More sharing options...
WestCoastBilliken Posted March 5, 2013 Share Posted March 5, 2013 When he says BIG news for SLU, I know he means it as a good thing. Quote Link to comment Share on other sites More sharing options...
Box and Won Posted March 5, 2013 Share Posted March 5, 2013 Is that 3 pm Central or 3 pm ATL time? Central, per a recent tweet. Quote Link to comment Share on other sites More sharing options...
Westy03 Posted March 5, 2013 Share Posted March 5, 2013 Its very good news Quote Link to comment Share on other sites More sharing options...
bills10 Posted March 5, 2013 Share Posted March 5, 2013 2013 good news? Quote Link to comment Share on other sites More sharing options...
UpperdeckKid Posted March 5, 2013 Share Posted March 5, 2013 I basically asked him the same question. Here is the response I got:"I could tell you, but that wouldn't be very fun. Muahahahah" I like that Quote Link to comment Share on other sites More sharing options...
DeSmetBilliken Posted March 5, 2013 Share Posted March 5, 2013 2013 good news? Yes Another tweet said announcement could be delayed due to continuing negotiations between C7 and Big East. Quote Link to comment Share on other sites More sharing options...
kshoe Posted March 5, 2013 Share Posted March 5, 2013 I Follow Jase on twitter as he provides good Billiken detail but he may get an "unfollow" if this turns out to just be a tease Quote Link to comment Share on other sites More sharing options...
brianstl Posted March 5, 2013 Share Posted March 5, 2013 I hope this is true. Maybe Fox laid down the law eith the C7 and reminded them who is paying for their league. Quote Link to comment Share on other sites More sharing options...
Pistol Posted March 5, 2013 Share Posted March 5, 2013 YesAnother tweet said announcement could be delayed due to continuing negotiations between C7 and Big East. So an announcement will be coming, it is probably good news, and it could either be at 4 Eastern/3 Central or a later time. Quote Link to comment Share on other sites More sharing options...
pretty_ricky Posted March 5, 2013 Share Posted March 5, 2013 @richardpslu I believe 3 is when Fox announces its new all-sports network.Still no settlement between c7, big east, so no announcement there per Tom Timmerman a few minutes ago. Hoping he's wrong. Quote Link to comment Share on other sites More sharing options...
RB2.0 Posted March 5, 2013 Share Posted March 5, 2013 Not sure if this had been posted yet but its gives insight into the payout the remaining football schools will be receiving. http://msn.foxsports.com/collegefootball/story/big-east-football-teams-to-keep-100-million-when-basketball-teams-take-name-start-new-conference-030513 NEW YORK (AP)A person familiar with the negotiations says the Big East football schools will get almost all of a $110 million pot in a deal that will allow seven departing basketball schools to keep the name Big East and start playing in their own conference next season. The person spoke to The Associated Press on condition of anonymity because the separation agreement has not yet been finalized. That is likely to happen by the end of the week. The football schools will receive approximately $100 million in the deal, most of which will go to holdover members Connecticut, South Florida and Cincinnati. The basketball schools will receive $10 million, the Big East name and the right to play their conference tournament at Madison Square Garden. Quote Link to comment Share on other sites More sharing options...
billikenfan05 Posted March 5, 2013 Share Posted March 5, 2013 I hear that John Stamos went down to Atlanta and got the deal done. Quote Link to comment Share on other sites More sharing options...
Pistol Posted March 5, 2013 Share Posted March 5, 2013 Not sure if this had been posted yet but its gives insight into the payout the remaining football schools will be receiving.http://msn.foxsports.com/collegefootball/story/big-east-football-teams-to-keep-100-million-when-basketball-teams-take-name-start-new-conference-030513NEW YORK (AP)A person familiar with the negotiations says the Big East football schools will get almost all of a $110 million pot in a deal that will allow seven departing basketball schools to keep the name Big East and start playing in their own conference next season. The person spoke to The Associated Press on condition of anonymity because the separation agreement has not yet been finalized. That is likely to happen by the end of the week. The football schools will receive approximately $100 million in the deal, most of which will go to holdover members Connecticut, South Florida and Cincinnati. The basketball schools will receive $10 million, the Big East name and the right to play their conference tournament at Madison Square Garden. That's huge for those three. They're in the uncomfortable spot of being left standing after the first few rounds of musical chairs. UC just announced a stadium expansion program that will build out the upper deck and add some boxes. This will basically fund that project. They're desperately trying to get into the ACC. Quote Link to comment Share on other sites More sharing options...
Cowboy Posted March 5, 2013 Share Posted March 5, 2013 Not sure if this had been posted yet but its gives insight into the payout the remaining football schools will be receiving.http://msn.foxsports.com/collegefootball/story/big-east-football-teams-to-keep-100-million-when-basketball-teams-take-name-start-new-conference-030513NEW YORK (AP)A person familiar with the negotiations says the Big East football schools will get almost all of a $110 million pot in a deal that will allow seven departing basketball schools to keep the name Big East and start playing in their own conference next season. The person spoke to The Associated Press on condition of anonymity because the separation agreement has not yet been finalized. That is likely to happen by the end of the week. The football schools will receive approximately $100 million in the deal, most of which will go to holdover members Connecticut, South Florida and Cincinnati. The basketball schools will receive $10 million, the Big East name and the right to play their conference tournament at Madison Square Garden. -if the line 'The bball schools will receive $10 million...." is a total amount to split 7 ways and not a per school amount it seems the C7 gave up a lot of cash here, I guess they are being nice but I thought since they had the votes they could have kicked the other 3 out of the league, paid them a few milliion a piece, and moved on to the new deal banking $10mil a piece -I guess with this they inherit none of the conf overhead and they can start from square one on that, no idea if this is good or bad Quote Link to comment Share on other sites More sharing options...
BillikenFriar Posted March 5, 2013 Share Posted March 5, 2013 I think that is 10 mill per. They are leaving a lot of money on the table but I think it is money well spent to be free of the tyranny of football and the shitpie that is the future of the no-name league. Apparently the idea of the C7 dissolving the league was more complicated than people thought. Quote Link to comment Share on other sites More sharing options...
billiken_roy Posted March 5, 2013 Share Posted March 5, 2013 while the c7 seemed to have all the weight and power, that doesnt preclude lawsuits. i.e. in an effort to just be done with it and move on to somethinf far more permanent and financially beneficial to the c7, why not "pay off" the survivors being left behind and just be done with it? that is my guess as to what happened. Quote Link to comment Share on other sites More sharing options...
kshoe Posted March 5, 2013 Share Posted March 5, 2013 I think that is 10 mill per. They are leaving a lot of money on the table but I think it is money well spent to be free of the tyranny of football and the shitpie that is the future of the no-name league. Apparently the idea of the C7 dissolving the league was more complicated than people thought. I don't think it is $10mm per. There is only $110mm total to go around and $100mm is going to the football schools. When you think about it, the NCAA credits are really the only thing the basketball schools have a significant claim on. The exit fees for the football schools that are leaving should be heavily weighted to the remaining football schools. Some of the threads on the C7 message boards delved into the exact numbers but the basketball only schools may have had claims on $25-$30mm of the funds. This then implies they paid $15-$20mm for the Big East name and Madison Square Garden. I'm sure they'll find a way to get back some of these lost proceeds/expenses with lower tv payouts the the new schools that are entering... Quote Link to comment Share on other sites More sharing options...
BillikenFriar Posted March 5, 2013 Share Posted March 5, 2013 I don't think it is $10mm per. There is only $110mm total to go around and $100mm is going to the football schools.When you think about it, the NCAA credits are really the only thing the basketball schools have a significant claim on. The exit fees for the football schools that are leaving should be heavily weighted to the remaining football schools. Some of the threads on the C7 message boards delved into the exact numbers but the basketball only schools may have had claims on $25-$30mm of the funds. This then implies they paid $15-$20mm for the Big East name and Madison Square Garden.I'm sure they'll find a way to get back some of these lost proceeds/expenses with lower tv payouts the the new schools that are entering... I stand corrected. Dang that is a lot of money. Fox must really be pushing/paying for this 2013 start. Quote Link to comment Share on other sites More sharing options...
JMM28 Posted March 5, 2013 Share Posted March 5, 2013 Fox bumped its offer. Each c7 school gets 1.5 million and away we go. Oh and also if this all comes down today that SLU is in, Pistol would be correct on the best week ever thread. Quote Link to comment Share on other sites More sharing options...
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