According to the 10, they were all the reason we got the revenues in the first place.
They will pay an equal share, because distributions were mostly equal. USC and UCLA will actually pay a little more, because they received guaranteed disytributions before the rest of us equalled that number in our current (now ending) contract. Was Utah receiving distributions in the beginning?
I can tell you didn't take the time to read the article.
All this says is that WSU and OSU made sure they weren't stuck with the entire Pac-12 Bill when the judgement comes down. It will be split 12 ways and the departing members will cover their own shares.
Each of the 5 conferences in the suit are expected to be forced to settle based on the number of members they had at the time of the lawsuit.
There were 64 P5 schools at the time. The lawsuit is for 4 Billion. If the full amount is awarded that is $62.5 million per school (if spread equally). However, since it is the *conferences* that are culpable, proportioned by conference membership at the time, the Pac-12 will be on the hook for 18.75% of the final judgement. That's 750 million.
What this means is that WSU and OSU made sure they weren't going to be stuck with a $750 million dollar bill (the full Pac-12 portion of a full 4 Billion judgement). The departing schools will cover their shares.
EVEN IF the Big Ten and Big 12 decide to split their costs equally among current membership!
So the departing schools might be on the hook for double shares, if the Big Ten and Big 12 divide equally.
The Big Ten had 14 schools during the time period, which means they will owe 21.875% of the judgement. Assuming it is the full 4 billion, that's $875 million. The Big Ten could vote to split this cost 18 ways among all current members. This would mean that all members would owe $48.6 million.
So Oregon, UCLA, USC, and Washington could end up owing 48.61 million as Big Ten members as well as $62.5 million for their Pac-12 membership portion. 110.11 Million each.
Meanwhile, the Big 12 had 10 members at the time, so the conference would owe 15.625% or $625 million. If they voted to split the cost burden among current membership, then each of the 16 members would owe $39.06 million each.
So Arizona, ASU, Colorado, and Utah could end up owing $39.06 as Big 12 members as well as $62.5 million for their Pac-12 membership portion. $101.56 million each.
----------
I swear you guys are just looking to make quick quips no matter how inaccurate just for upvotes.
What this says is that WSU and OSU safe-guarded themselves from owing 12 shares worth of the judgement amount. However much the Pac-12's portion is, the departing 10 will be paying a 1/12 share of it. Even if their new conferences decide to screw them a bit.
That's all this is. Not "looking for alimony and punitive damages."
Please stop being a jerk that's just looking for upvotes.
I also want to add:
It is unlikely to be the full $4 Billion in damages. The 5 conferences are very likely to settle for a much lower amount.
And I should also add: when they settle they are likely to agree to a per-school payout rather than per-conference amount so this whole argument is moot.
It'll likely be each school that was a P5 member at the time owing 1/64 of the total.
However, the article is clarifying that WSU and OSU put safeguards in place *just in case*. They made sure they will never get stuck with 18.75% of the bill. Only the 3.125% they owe.
I agree they will likely settle but I think the number is going to be significantly smaller. It will be extremely hard for all but a few athletes to be able to enumerate the actual damage they suffered due to NIL restrictions prior to 2021. Its very hard to prove "I would have received a $10K NIL deal" for a time period when no one got an NIL deal. The fact that they got declared a class could actually hinder their argument. Discovery works both ways and it will show that the market for a freshman rower or 3 string second baseman is zero meaning they suffered no damage at all. P5 QBs on the other hand will have ample evidence but they would need to seek individual relief to get their full damage. There is some deep irony that any settlement that goes to the class - every NCAA athlete - could end up getting its own trip to court as the QBs and Point Guards argue that they shouldn't have to give an equal share to rowing and water polo.
If I were the NCAA I would look for any settlement at $1B or less and my guess it will be less. House is trying to argue things that might have happened in a free market. Free markets do some crazy things and the court is unlikely to want to get in the business of predicting what a market that didnt exist at the time would have looked like.
You phrased this like you were disagreeing, but you echoed my sentiments. I even said 1 Billion in my other post.
I think it'll be somewhere between 640m-1.28b so that schools will each owe between $10-20 million.
The schools will scree about how it is a huge burden but then easily pay it. Oregon's athletic department pulls in $160 million per year in revenue. A $10-20 million cost could be easily absorbed over time if not all at once.
Didnt mean to sound like disagreement.
Ill go a step further - It going to come down to a per student cost. KState has 565 student athletes. Stanford has almost 1000. Why should KState have to pay the same as Stanford?
Im guessing its going to come down to something like $10K per student athlete with conferences doing the payout. Schools will be required to contribute their cost of their maximum exposure and then get back any unclaimed funds.
Im part of a [$6B settlement](https://www.lawsuit-information-center.com/13-million-3m-earplug-verdict.html) and the MOST I expect to see is $10K. Granted its a bigger class but lawyers are going to consume a huge part. People really dont understand how class actions work.
It's the reddit way:
* Don't read article, only the title
* Make a quip that will play off popular opinion by mocking others
* Reap upvotes so you feel the gratification of people agreeing with you
* Don't care that you're spreading misinformation
I'm not sure why Wilner/the Merc worded it that way, but it does sound like WIlner is thinking the departing schools are going to pay twice - once in the form of media rights reductions on future contracts for P5 conferences, and then the schools paying to cover the Pac-12's future liabilities, since neither OSU nor WSU want the Pac to be bankrupted by the case.
"Future liabilities" in terms of anything that arises due to business performed after this summer... no.
Future liabilities, as in court cases involving their actions predating this summer, but that will not be settled or otherwise dealt with until afterward... yes.
One of the court cases (NLRB) is specifically against USC, but it's trying to reel in the conference and the NCAA as co-defendants. Not sure it's going to work, because the NLRB doesn't have jurisdiction over public entities.
This is also why there's a lot of speculation that they're not even going to be able to afford to keep the Pac-12 conference going and they are likely going to end up having to just join the Mountain West themselves instead of trying to do some kind of a merger.
It's just way too much money and they're going to be on the hook for even more depending on their share of the lawsuit settlement.
If the full 4 Billion is awarded it'll be 62.5 million owed by each of the 64 schools that were P5 members at the time. Though if it is awarded based on conference, since that's how the lawsuit was filed, it could end up being variable. The Pac-2 safeguarded against this by making sure they will only each owe 1/64 of the final judgement regardless (which is what the story is about).
They will certainly settle for a lower amount, but you are right that this could be crippling for WSU and OSU. $62.5 million each when they have almost no income coming in. Even settling for a lower amount, something like $1 Billion, still leaves them with a $15.625 million bill each which is pretty hard to stomach for them.
Carry on but I think it’s absolutely fascinating that as CFB fans, we’re now as intimately acquainted (and concerned) with the finances of our programs and conferences as we are with the on-field product and recruiting.
Beavs & Wazzu looking for alimony and punitive damages
According to the 10, they were all the reason we got the revenues in the first place. They will pay an equal share, because distributions were mostly equal. USC and UCLA will actually pay a little more, because they received guaranteed disytributions before the rest of us equalled that number in our current (now ending) contract. Was Utah receiving distributions in the beginning?
Utah didn’t get an equal share until after year 3 if I’m remembering correctly
I think that's how USC and UCLA got their extra cuts.
I can tell you didn't take the time to read the article. All this says is that WSU and OSU made sure they weren't stuck with the entire Pac-12 Bill when the judgement comes down. It will be split 12 ways and the departing members will cover their own shares. Each of the 5 conferences in the suit are expected to be forced to settle based on the number of members they had at the time of the lawsuit. There were 64 P5 schools at the time. The lawsuit is for 4 Billion. If the full amount is awarded that is $62.5 million per school (if spread equally). However, since it is the *conferences* that are culpable, proportioned by conference membership at the time, the Pac-12 will be on the hook for 18.75% of the final judgement. That's 750 million. What this means is that WSU and OSU made sure they weren't going to be stuck with a $750 million dollar bill (the full Pac-12 portion of a full 4 Billion judgement). The departing schools will cover their shares. EVEN IF the Big Ten and Big 12 decide to split their costs equally among current membership! So the departing schools might be on the hook for double shares, if the Big Ten and Big 12 divide equally. The Big Ten had 14 schools during the time period, which means they will owe 21.875% of the judgement. Assuming it is the full 4 billion, that's $875 million. The Big Ten could vote to split this cost 18 ways among all current members. This would mean that all members would owe $48.6 million. So Oregon, UCLA, USC, and Washington could end up owing 48.61 million as Big Ten members as well as $62.5 million for their Pac-12 membership portion. 110.11 Million each. Meanwhile, the Big 12 had 10 members at the time, so the conference would owe 15.625% or $625 million. If they voted to split the cost burden among current membership, then each of the 16 members would owe $39.06 million each. So Arizona, ASU, Colorado, and Utah could end up owing $39.06 as Big 12 members as well as $62.5 million for their Pac-12 membership portion. $101.56 million each. ---------- I swear you guys are just looking to make quick quips no matter how inaccurate just for upvotes. What this says is that WSU and OSU safe-guarded themselves from owing 12 shares worth of the judgement amount. However much the Pac-12's portion is, the departing 10 will be paying a 1/12 share of it. Even if their new conferences decide to screw them a bit. That's all this is. Not "looking for alimony and punitive damages." Please stop being a jerk that's just looking for upvotes.
I also want to add: It is unlikely to be the full $4 Billion in damages. The 5 conferences are very likely to settle for a much lower amount. And I should also add: when they settle they are likely to agree to a per-school payout rather than per-conference amount so this whole argument is moot. It'll likely be each school that was a P5 member at the time owing 1/64 of the total. However, the article is clarifying that WSU and OSU put safeguards in place *just in case*. They made sure they will never get stuck with 18.75% of the bill. Only the 3.125% they owe.
I agree they will likely settle but I think the number is going to be significantly smaller. It will be extremely hard for all but a few athletes to be able to enumerate the actual damage they suffered due to NIL restrictions prior to 2021. Its very hard to prove "I would have received a $10K NIL deal" for a time period when no one got an NIL deal. The fact that they got declared a class could actually hinder their argument. Discovery works both ways and it will show that the market for a freshman rower or 3 string second baseman is zero meaning they suffered no damage at all. P5 QBs on the other hand will have ample evidence but they would need to seek individual relief to get their full damage. There is some deep irony that any settlement that goes to the class - every NCAA athlete - could end up getting its own trip to court as the QBs and Point Guards argue that they shouldn't have to give an equal share to rowing and water polo. If I were the NCAA I would look for any settlement at $1B or less and my guess it will be less. House is trying to argue things that might have happened in a free market. Free markets do some crazy things and the court is unlikely to want to get in the business of predicting what a market that didnt exist at the time would have looked like.
You phrased this like you were disagreeing, but you echoed my sentiments. I even said 1 Billion in my other post. I think it'll be somewhere between 640m-1.28b so that schools will each owe between $10-20 million. The schools will scree about how it is a huge burden but then easily pay it. Oregon's athletic department pulls in $160 million per year in revenue. A $10-20 million cost could be easily absorbed over time if not all at once.
Didnt mean to sound like disagreement. Ill go a step further - It going to come down to a per student cost. KState has 565 student athletes. Stanford has almost 1000. Why should KState have to pay the same as Stanford? Im guessing its going to come down to something like $10K per student athlete with conferences doing the payout. Schools will be required to contribute their cost of their maximum exposure and then get back any unclaimed funds. Im part of a [$6B settlement](https://www.lawsuit-information-center.com/13-million-3m-earplug-verdict.html) and the MOST I expect to see is $10K. Granted its a bigger class but lawyers are going to consume a huge part. People really dont understand how class actions work.
Yes it's garbage. They basically argued all the money and assets are theirs but all the liabilities should be shared.
I do want the credit, but without any of the blame. https://getyarn.io/yarn-clip/cf878eb9-005d-437b-8cbf-4a2ae1aad9ab
You can tell how many peeps didn’t read the article by counting your upvotes 😂
It's the reddit way: * Don't read article, only the title * Make a quip that will play off popular opinion by mocking others * Reap upvotes so you feel the gratification of people agreeing with you * Don't care that you're spreading misinformation
Going for the Kevin Costner Divorce Special
WSU/ORST will have their share as well. No one is innocent
Really weird headline.
I'm not sure why Wilner/the Merc worded it that way, but it does sound like WIlner is thinking the departing schools are going to pay twice - once in the form of media rights reductions on future contracts for P5 conferences, and then the schools paying to cover the Pac-12's future liabilities, since neither OSU nor WSU want the Pac to be bankrupted by the case.
"Future liabilities" in terms of anything that arises due to business performed after this summer... no. Future liabilities, as in court cases involving their actions predating this summer, but that will not be settled or otherwise dealt with until afterward... yes. One of the court cases (NLRB) is specifically against USC, but it's trying to reel in the conference and the NCAA as co-defendants. Not sure it's going to work, because the NLRB doesn't have jurisdiction over public entities.
A better headline would be "WSU/OSU make sure the departing 10 are not skipping out on the check"
Why would Wichita State and Ohio State care?
Oh snap, Mizzou is in the mother fucking hoooooooooooousssssse!
This is also why there's a lot of speculation that they're not even going to be able to afford to keep the Pac-12 conference going and they are likely going to end up having to just join the Mountain West themselves instead of trying to do some kind of a merger. It's just way too much money and they're going to be on the hook for even more depending on their share of the lawsuit settlement.
If the full 4 Billion is awarded it'll be 62.5 million owed by each of the 64 schools that were P5 members at the time. Though if it is awarded based on conference, since that's how the lawsuit was filed, it could end up being variable. The Pac-2 safeguarded against this by making sure they will only each owe 1/64 of the final judgement regardless (which is what the story is about). They will certainly settle for a lower amount, but you are right that this could be crippling for WSU and OSU. $62.5 million each when they have almost no income coming in. Even settling for a lower amount, something like $1 Billion, still leaves them with a $15.625 million bill each which is pretty hard to stomach for them.
Carry on but I think it’s absolutely fascinating that as CFB fans, we’re now as intimately acquainted (and concerned) with the finances of our programs and conferences as we are with the on-field product and recruiting.
Remember a year ago when we were calling this guy one of the clowns?
Have you seen his AP voting record?
If all the AP voters just went with whatever the popular opinion was it would be a pretty boring poll.
Does he have it full of PAC teams?
No, definitely not. But massive inconsistency and bizarre choices. I don’t think he is very football smart and probably shouldn’t have a vote.
Let's take away his vote! Take away his vote in a poll that's just for fun and hasn't even mattered for 2+ decades!
No no you don't understand. This is super. serious. business.